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BackUS to more than double EB-5 visa fees for immigrant investors
US to more than double EB-5 visa fees for immigrant investors
Developing
Economic Times2 hours agoPolitics1 min readIndia

US to more than double EB-5 visa fees for immigrant investors

eb-5immigrant investor programmegreen card

Quick Look

The US Citizenship and Immigration Services has finalized a rule to more than double the fees for the EB-5 Immigrant Investor Programme, effective November 30, impacting foreign investors seeking permanent residency through job-creating investments in US commercial enterprises.

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Why It Matters

The EB-5 Immigrant Investor Programme grants permanent residency to foreign investors who invest in US commercial enterprises and create 10 full-time jobs for American workers.

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Synopsis

The US EB-5 Immigrant Investor Programme grants permanent residency (a Green Card) to foreign investors and their immediate families who invest capital into a US commercial enterprise and create 10 full-time jobs for American workers.

The US has decided to drastically increase fees for immigrants seeking to invest in America and eventually claim permanent residency under the EB-5 investor programme which remains one of the most reliable ways for Indians to obtain Green Card.

The US Citizenship and Immigration Services (USCIS) finalised a rule on Tuesday that seeks to more than double the fees for applying to the EB-5 visa. The rule will be effective from November 30.

Also Read: US to restrict visas for officials who obstruct parental child abduction cases

The US EB-5 Immigrant Investor Programme grants permanent residency (a Green Card) to foreign investors and their immediate families who invest capital into a US commercial enterprise and create 10 full-time jobs for American workers.

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Open Questions

  • What will be the exact new fee amount for EB-5 applications?
  • How will the fee increase affect demand for the EB-5 programme among Indian and other foreign investors?
  • Are there any exemptions or phased implementation plans for the fee increase?

Related Topics

eb-5
OrganizationsUS Citizenship and Immigration Services
PlacesUnited States
Topicsimmigrant investor programmegreen carduscisvisa feespermanent residencyforeign investment
This article was originally published by Economic Times.

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