The U.S. Immigration Fund witness more EB-5 visa demand as result of speculation concerning
Hyderabad, 28thFebruary,2018:America’s leading EB-5 Regional Center, U.S. Immigration Fund (USIF), is encouraging Indians to apply for their EB-5 visasas early as possible given a possible change to the EB-5program later this year and a tightening of other visa categories.
EB-5 hasbeen under congressional review and the investment amounts are expected toincrease.According to the latest reports from the US, the US Congressmay hikethe minimum investment amount for EB-5 from $500,000 to close to $1 million andfrom $1 million to $1.8 million per applicant respectively.
AndrewGraves, the head of USIF’s India Operations, said, “It is an ideal time forpeople of India who desire to gain permanent access to the U.S.,includingstudents and senior executives,to take advantage of today’s lowinvestment amountfor theEB-5 visa. The requirements to be a qualified investorinclude one million dollars of net worth and alegitimatesource of funds for theprincipal investment. The EB-5 Programcould be expected to receive significantlegislative changes by March 23, 2018. Now is the time to invest at thelower investment amount.”
The U.S.Congress created the EB-5 Program in 1990 to enable high net worth foreigninvestors to obtain a U.S. Visa for the investor and their immediate family byinvesting a minimum of $500,000 in a U.S. business that will benefit theeconomy by creating a minimum of 10 permanent US jobs.
Whencompared to other immigrant and work visa categories,EB-5 is a superior optionto work and stay in the U.S.and become a U.S.citizen. The EB-5 visaenablesstudents and families to acquire a permanentU.S.Green Card ina shorter time than H1-B, EB 1A/B/C, EB-2, and EB-3visa holders.Inaddition, theEB-5 visa allows students and immediate family members to obtainconditional U.S. residency within 16-18 months, which can potentially give themaccess to lower in-state tuition rates and higher acceptance rates forprominent universities around the country. For example, per collegefactual.com,the4-year cost savings of tuition and fees for US residents amount to $99,480 forthe University of Texas and $106,728for UC Berkeley, greatly offsetting the cost of the investment.
Shan Chopra,Managing Partner of The Chopras Groupand partner of USIF states, “We’vewitnessed growing interest since our launch from families wanting to expandtheir business operations into the U.S. or for their children to have greaterfreedom and mobility in their professional lives without having to rely on anemployer to sponsor them. We’ve seen over 3000 enquiries since we started andover 600+ meetings via seminars and one-on-one interactions in the last 5months.”
CurrentlyIndian or U.S. companies bring senior executives to the U.S. through variousavenues like an L1 or H1-b visa and latersponsor the individual for a permanentGreen Card. The current waiting list for Indiansthrough these typical visaprograms has grown to 10 years or more, however, there is currently no waitinglist for EB-5 investors from India. Moreover,employment sponsorshipis not required for EB-5 investors, and the investors have the freedom to liveand workanywherein the U.S.
The EB-5Programwas seldom used until the global financial crisis in 2008-09 where manyreal estate developers looked for alternative sources of cheaper capital. PerUSCIS data, Indian EB-5 visa applicants have consistently increased in recentyears with174 petitions filed in 2017, a 57% increase from 2015.
USIF plays akey role in the EB-5 process. The investment firm poolsEB-5 capital fromindividuals and invests the pooled capital in highly qualified EB-5 projects inreal estate with leading developers from New York City, New Jersey,Californiaand Florida.
USIF holdsthe exclusive rights for raising and investing EB-5 capitalforseverallarge-scale residential and commercial real estate projects. USIF’s 24EB-5 projects will total roughly 18,000 EB-5 green cards arising from 6,000investors and their families, numbers unmatched within the EB-5 industry.
The numberof USIF Indian investors quadrupled from 2016 to 2017. Graves said,"We expect that the number of investors in 2018 will increase to more than200, assuming the minimum investment amount remains at $500,000. Should theminimum investment amount increase, a portion of the potential investors couldbe priced out. A change in the overall EB-5 market is inevitable if investmentlevel does go up.”
Shan Chopraadded, “It is no coincidence that USIF has worked to deliver successfuloutcomes to 6,000+ investors through 24 projects. USIF has a proven methodologyinthe selection of the strongest projects and robust governance, which is whywe choose to work with USIF exclusively and no other EB-5 Regional Center.Theystructure these investment offeringsto best protect the interests of ourinvestors. These are multi-billion dollar projects that are developed by someof the largest and most reputable developers in the U.S., who have access tonumerous large U.S. financial institutions to round out their capitalrequirements.Ittruly is a predictableand seamless journey.”
Gravesadded, “For those currently considering the EB-5 Visa, time is of the essence.Waiting to invest could require them to invest an additional $500,000,potentially putting this opportunity out of many potential investor’s reach. Itis time to act now and take full advantage of this great opportunity.”