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EB-5 visa may double by January 2019; 10,000 are up for grabs every year

The visa promises foreign citizens a faster route to permanent residency in the US; 10,000 are up for grabs every year

Topics
Foreign Direct Investment  |  Eb-5 Visa  |  Golden Visa

Subhayan Chakraborty  |  New Delhi 

Visa facilitation companies specialising in the United States' EB-5 visa programme are looking at high growth in 2018, as they wheel in wealthy Indians with the warning that the current $500,000 price could double by the end of the year.

The EB-5 visa promises foreign citizens a faster route to permanent residency in the US provided they invest the one-time stipulated amount (more than Rs 31 million) in a government-approved EB-5 business or create 10 full-time jobs in the country. A total of 10,000 visas are up for grabs every year with no country allowed more than seven per cent ...

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First Published: Mon, September 10 2018. 05:31 IST
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