With more than 50 programs globally, the investment immigration industry has been growing steadily despite concerns over lack of transparency, inadequate due diligence, misuse by tax evaders and even exploitation by terrorists. While there is tough competition among countries to attract investment immigrants, there is no race-to-the-bottom scenario where programs with the lowest thresholds are…
India became the third country after China and Vietnam to hit EB-5 retrogression in July 2019. The EB-5 program allots 10,000 visas every year to investors and their dependent family members and an additional per-country cap of around 700 visas. Retrogression occurs when a country exceeds this cap, leading to an additional wait between I-526…
The Department of Homeland Security (DHS) has published the final rules modifying the US EB-5 visa program. The initial Notice of Proposed Rule making (NPRM) was first published in the Federal Register on January 13, 2017. The changes will take effect from November 21, 2019, and will see the most important changes to the EB-5 visa program in nearly 30 years. These changes include an increase in minimum investment, centralized designation of Targeted Employment Areas (TEA), and retention of earliest priority date for an EB-5 applicant compelled to file multiple I-526 petitions. Changes to the Investment Requirement Category…
Wealthy Indians are targeting citizenship by investment or permanent residence by investment programs in developed countries. Important benefits of a second citizenship or residency include: Ease of travel. Access to business opportunities. Life in a more secure and developed community. Education and career prospects for children. Popular Programs among the Indian Elite The number of…
The latest EB-5 visa retrogression data reveals that mainland China remains the largest source of applications for the visa. However, 2018 was the first year since 2013, when China hit its annual quota cap for the first time, that cumulative applications from other countries outnumbered Chinese EB-5 applications. In 2018, other countries accounted for 52…