Many Indians seek to live and work in the United States. However, not so many get this rare opportunity for their economic growth. In many situations, the reason for the lack of the opportunity is related to the lack of knowledge of what one ought to do to get the acceptance into the US for their investments.
In this article, we disclose to you the EB-5 program that allows people who are interested in the American economy to live and invest in the US businesses for their advantages. Read on to learn why you need the EB-5 Visa.
What is EB-5 Program?
In 1990, the US Congress created the EB-5 Program that allows you to live and invest in America. The terms of the program give you the opportunity to obtain a US EB-5 Visa as an investor. USCIS is the body that governs this program.
You will need to invest in businesses that will improve the economy of the country as well as creating job opportunities for other residents. A minimum investment of $500,000 is mandatory to qualify for the visa.
Benefits Under the EB-5 Program to the Indians:
Are you still wondering if you should go for an EB-5 Visa? We have highlighted the benefits of the EB-5 program that will raise your ambition to get yours as soon as you can.
1. No Language Proficiency Requirement:
As we have already seen, you get the visa if you are interested in investing in businesses that will help grow the economy. There is no need to worry whether or not you are perfect in the language to qualify for the EB-5 program. Language proficiency is not a necessity in the application.
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2. No Managerial or Business Experience Requirement:
Nobody will ask you if you have ever run the business model you are interested in. What matters is your willingness to invest in a business that can improve the economy. And as it goes, with your determination to make an investment, you are aware and able to carry the necessary steps that will help you run the business.
3. You Are not Restricted to Live within Your Region of Investment:
The EB-5 program visa allows you to live wherever you want in the United States. In this way, you can find affordable accommodation in a place you are interested to reside in. You can run your business in a different state from the one in which you are staying.
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4. No Question Regarding the Source of Your Investment Funds:
As long as you have a legitimate source of funds, you can invest in any business that you want as defined in the program policy. The source can be either from your current business, a retirement benefit, an inheritance, gifts, or any other lawful source.
5. Enjoy Lower Tuition Fees:
If you are a student, the program offers you the ability to study with more affordable fees when compared to the same programs in different developed countries. If you have children under the age of 21, the policy covers them as well.
Now it is clear to you that obtaining a permanent residency in America is possible for Indians as well as people from various parts of the world. Looking at the benefits that you reap from the US EB-5 visa, it is clear that the investment is worth it.