US Freedom Capital Blog

1,200 Indians Queue Up for EB-5 Green Cards

Posted by David Gunderson on Jul 2, 2016 12:58:57 PM
MUMBAI: The US Citizenship & Immigration Services (USCIS) approved 111 EB-5 visas for Indian applicants during the US fiscal year of October 1, 2014 and September 30, 2015 (FY15). The EB-5 Immigrant Investor Program is a "paid invitation" for non-Americans to invest and live the 'American dream'. While America still keeps its doors ajar for highskilled migrants (through student and job visas), Uncle Sam is looking for well-heeled foreigners who can invest in his country.

Applications from India, however, are insignificant compared with Chinese applicants, who managed to secure over 8,150 visa approvals in FY15. "Indians may go the China-way very soon... we're slowly becoming aware of this programme. Moreover, Indians are favoured over many other nationalities in the US," says Ankit Bhandari of US Freedom Capital. 

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Topics: India, EB-5

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