New pay-to-immigrate scheme offers residency for $1 million, replacing EB-1 and EB-2 visas and aiming to boost US commerce and investment
With more than 1.2 million Indians stuck in green card backlogs, investor-driven EB-5 programme sees rising interest as a secure route for migration to the US
In the year 2022, the US issued a total of 10,885 EB-5 visas and Indians were the second largest applicants after Chinese nationals. China accounts for 90 per cent of EB-5 visas
The slump in the number of applicants will likely impact new regional centres over the established regional centres