Applicants from India for EB-visas may drop by 80 pc: CanAm

As many as 500 applications were filed last year from India, resulting in an investment of around USD 300 million

As many as 500 applications were filed last year from India, resulting in an investment of around USD 300 million

MUMBAI: Applicants from India for EB- visas are expected to decline by up to 80 per cent if the US gives the go-ahead to hike the investment cap from USD 0.5 million now to USD 1.3 million later this year. 

The employment-based fifth preference category (EB-5) visa is meant for high networth investors (HNIs) to earn the green card which offers permanent residency in the US for themselves and their immediate family through a one-time minimum investment of USD 5,00,000 into a new business  ..

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Credit: economictimes.indiatimes.com