Race Against Time: Indian Investors Rush for U.S. Green Cards Before Rule Changes
Indian investors are rushing to apply for U.S. Green Cards under the current EB5 visa program due to proposed changes that could significantly raise investment requirements. Many are securing loans to meet the current $800,000 investment requirement before the threshold potentially rises to $5 million.
- Country:
- India
In Mumbai, Indian investors are urgently applying for U.S. Green Cards through the EB5 visa program. The program may soon see significant changes, increasing the investment requirement from $800,000 to $5 million.
Deepesh Deshmukh, Director of DSquare Global Pvt. Ltd., stated that there's a surge in applications due to concerns over these proposed changes. The demand is particularly high among Indian families seeking long-term security and educational opportunities in the U.S.
Additionally, collateral-free loans available within the U.S. are assisting investors in meeting the current investment criteria. However, with a global cap of 10,000 EB5 visas annually, time is of the essence for Indian applicants to secure their place under current rules.
(With inputs from agencies.)
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