INDIA
United States EB-5 Investment Visa programme will be expiring on September 30, 2017.
In view of the unsettled nature of H-1B employment visas and the long wait for applicants that exceeds 10 years, EB-5 visas have emerged as the best bet for Indian families aspiring for US green cards, a US immigration lawyer has said.
Stating this at a press conference in Chandigarh, US Investment Immigration Attorney Vaughan de Kirby, whose firm has successfully represented over 1,300 EB-5 applicants, said EB-5 visas are the answer for enterprising Indians as one qualified investment can result in a green card for the applicants, their spouses and children under 21 years of age.
"With the United States EB-5 Investment Visa programme set to expire on September 30, 2017, applicants making a rush for EB-5 visas should act cautiously and guard themselves against fraud by following a step-by-step approach and engaging a Securities and Exchange Commission (SEC)-licensed Securities Representative. Only then can the investor be assured of true third party diligence. There have been frauds in some EB-5 Regional Centres," said Kirby, a seasoned law expert.
Under the EB-5 Investment Visa programme, an applicant receives a conditional green card on making a minimum investment of US $5,00,000 in the United States. The applicant then has to create 10 jobs for US citizens, after which he gets a permanent green card.
Elaborating on the advantages of EB-5 visas, Kirby said that while the processing time for EB-5 category is just 18 months for Indian citizens, these visas offer employment at more competitive wages which are freely negotiable rather than dictated by the employer. "Given the uncertainty of travel restrictions, a green card is the best protection. If freedom to travel, work and live anywhere in the US is what you are looking at, an EB-5 green card is just the right thing for you provided you keep the do's and don'ts in mind," he said.
Touching upon the critical steps that EB-5 visa applicants should follow, Kirby said, "Comprehensive background checks on all regional centres are a must. The applicants should ensure that the proposed project has entitlements for the project they propose and find out whether the necessary jobs can actually be created and if the investor is also protected against default."
As Sky Force nears Rs 150 crore, Nimrat Kaur treats househelp, her kids with movie screening
IND vs ENG: Shreyas Iyer creates history, becomes first player to achieve THIS massive milestone
Meet man, India's richest banker, who has bought Rs 202 crore property, his net worth is Rs...
'Heard there was....': Former India head coach provides major update on Virat Kohli's injury
A New Geopolitical Era: India and Israel's Role in the Evolving Middle East
David Warner’s touching moment with fans after Dubai Capitals reaches final of DP World ILT20
India’s Largest Book Stall Network: PrashantAdvait Foundation’s Mission to Revive Reading Culture
Mawra Hocane stuns in pastel mint green lehenga at her wedding to Ameer Gilani
Deepinder Goyal's Zomato changes its name, CEO shares journey of company, it is now called...
Rose Day 2025: Know the date, history, significance of each rose colour ahead of Valentine's day
'BJP-led NDA works for Santushtikaran, not Tushtikaran': PM Modi in Rajya Sabha
Who is Belle Gibson? Australian wellness guru created fake cancer story and later...
DP World ILT20 2025: Dubai Capitals clinch last ball thriller against Desert Vipers to reach final
Jeet Adani-Diva Shah wedding: First pic from Gautam Adani's mansion OUT as wedding festivities begin
Sunita Williams’ Spacewalk: A Record-Breaking Mission and a Stunning Selfie from Space
IND vs ENG: Ravindra Jadeja creates history in Nagpur, surpasses James Anderson to become....
Can IAS officers change cadres after marriage? Here's what rules say
Pavan Kumar Joshi innovates unemployment benefits payment security
Anil Ambani's company's share price surges over 6 per cent after it earns profit of Rs...
Why Dale Bhagwagar is Bollywood's only PR guru
Meet Anjum Khan, wife of cricket star Shivam Dube, her net worth is Rs...
IAF Mirage 2000 fighter aircraft crashes in MP's Shivpuri during training sortie
Meet IAS Tina Dabi's mother, who cleared UPSC to become IES, later resigned due to...
Good news for Infosys employees! Company to roll out annual hike letters by end of...
BIG win for India's largest govt bank, earns Rs 16891 crore profit in just...
Ajith Kumar's fans celebrate, throng theatres after Vidaamuyarchi's worldwide release: Watch
Purnam’s Spring Edit: Where heritage meets handcrafted luxury
RTPS Bihar: Apply for income, caste, and domicile certificates
'Welfare of students very close to Government's heart': EAM Jaishankar in Rajya Sabha
IND vs ENG: Why is Virat Kohli not playing 1st ODI vs England in Nagpur?
Man's love for Indian wife knows no bounds, makes dosa batter from scratch, video goes viral
Meet woman, CRPF officer, who cracked UPSC exam in first attempt, became...
Trump administration plans to pressure the IOC to come up with a uniform transgender athlete ban
PM Modi's 'Pariksha Pe Charcha' to feature Deepika Padukone, Mary Kom, Sadhguru among others
Why speed matters: Ajay Chava on overhauling CI/CD pipelines for modern development
What does "i" stands for in iPhone, iPad, and other Apple products? Check here to know
Meet Pakistani actress whose leaked private video went viral, often shares bold photos, she is..
After Isha Ambani, Ananya Birla set to enter into new space, it is...
Shah Rukh Khan hugs Aamir Khan at Loveyapa screening, fans say '90s' kids can fly now': Watch
Meet Diva Shah, daughter of diamond tycoon, she is set to marry Gautam Adani’s son Jeet Adani on...
After US, Israel halts participation in UN Human Rights Council
Sanam Teri Kasam actress Mawra Hocane ties the knot with Pakistani star Ameer Gilani, see photos
Meet woman who left MNC job to pursue her uncle’s dream, later cracked UPSC to become IPS officer
Mukesh Ambani buys India’s first bulletproof Rolls-Royce Cullinan, Its price is Rs....
Anil Ambani meets Maharashtra CM Devendra Fadnavis as his Rs 16015 crore company is looking for...
DNA TV Show: What is US President Donald Trump's Gaza plan?
Anil Ambani's company's BIG win, reports Rs 420000000 profit in 3 months, its business is...
US President Donald Trump invites PM Modi on working visit to White House next week
Watch: Malaika Arora's 'oops moment' in short dress caught on camera, video viral
Little girl's adorable dance to 'Maula Mere Maula' captivates netizens, WATCH viral video
India beats China to become world’s second-largest market for...