{"id":8684,"date":"2017-01-19T16:54:01","date_gmt":"2017-01-19T16:54:01","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=8684"},"modified":"2019-02-12T13:45:13","modified_gmt":"2019-02-12T18:45:13","slug":"dear-india-eb-5-best-option-u-s-green-card","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/dear-india-eb-5-best-option-u-s-green-card\/","title":{"rendered":"Dear India: EB-5 Best Option for U.S. Green Card"},"content":{"rendered":"
Indians are being told the U.S. EB-5 program could become their best option for immigration to America under Donald Trump\u2019s presidency.<\/p>\n
The President-elect ran a staunchly anti-immigration campaign in the race for the White House, although he has tempered much of the rhetoric since his victory.<\/p>\n
However, even if the Mexican wall and mass deportation of illegals does not happen, a crackdown on newcomers to the U.S. can still be expected.<\/p>\n
<\/p>\n
That means students and job-seekers already in the country, or wishing to move there, are fearing for their futures because of a possible restriction on the H-1B visa.<\/p>\n
The one U.S. visa experts do not expect to see restricted \u2013 and may even be expanded \u2013 is the EB-5 investment program.<\/p>\n
EB-5 was just granted a further temporary extension in the U.S. until April, when Trump\u2019s presidency will be in its infancy.<\/p>\n
Trump\u2019s knowledge of the real estate industry and understanding of the importance of capital inflow will mean his outright support for the program, many are predicting.<\/p>\n
Despite Trump\u2019s anti-immigration position, real estate industry sources firmly believe he will separate a crackdown on people in the U.S. illegally from a program that has generated billions in foreign investment.<\/p>\n
In its current form, EB-5 offers conditional permanent residence in the U.S. in return for investment of either $500,000 in a Targeted Employment Area (TEA), or $1 million elsewhere. The investment must create 10 jobs for Americans.<\/p>\n
These thresholds could rise to $800,000 for a TEA and $1.2 million for other investments under proposed changes.<\/p>\n
The program has faced criticism from several sources, who want it abolished.<\/p>\n
One of three key arguments against the EB-5 is that savvy companies manipulate the rules to allow them to attract investment for major projects through the TEA class.<\/p>\n
Major companies have funded projects worth billions in some of America\u2019s richest areas by using a wider combined area to set unemployment rates.<\/p>\n
Provided they can prove a certain level of unemployment, they can open themselves up to TEA investment.<\/p>\n
Representatives of rural areas, who say they are desperate for such funding, have been overlooked as a result. Investors are more likely to opt for a safer major company investment rather than a riskier one in a smaller city or town.<\/p>\n
To fix this, the US government is understood to be working on how it can redefine what constitutes a TEA.<\/p>\n
The second argument is that there are not enough fraud protection controls in place, resulting in many examples where EB-5 investment dollars have been apparently misused. There are several ongoing court cases along these lines.<\/p>\n
There are calls for a body to be formed to oversee these transactions, to ensure transparency.<\/p>\n
A third argument centres around waiting lists, particularly for Chinese investors, who make up 85 per cent of the candidates for the program, and must now wait up to eight years for their applications to be processed.<\/p>\n
Further reading<\/b><\/p>\n Indians are being told the U.S. EB-5 program could become their best option for immigration to America under Donald Trump\u2019s presidency. The President-elect ran a staunchly anti-immigration campaign in the race for the White House, although he has tempered much of the rhetoric since his victory. However, even if the Mexican wall and mass deportation…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[454],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8hnWW-2g4","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8684"}],"collection":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/comments?post=8684"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/posts\/8684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/media?parent=8684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/categories?post=8684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentimmigration.com\/wp-json\/wp\/v2\/tags?post=8684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n