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Under the EB-5 program, foreign nationals can apply for conditional lawful permanent residence in the United States in return for necessary investments in a commercial enterprise in the United States and “create or, in certain circumstances, preserve 10 permanent full-time jobs for qualified American workers.”(AP)

US nearly doubles cost of ‘visas for millionaires’

Hindustan Times, Washington | By Yashwant Raj
UPDATED ON JUL 24, 2019 12:28 PM IST
The EB-5 visas, which have also been called “visas for millionaires”, are popular among rich Indians and those who can afford it to scale up from H-1B visa for highly skilled professionals, according to immigration companies that have been pushing it in India in recent years.
Getting a green card via the EB-5 process takes an investment of $500,000 plus about $80,000 in legal fees. The length of time to get a green card is nearly two years and getting longer.(Reuters File)
Getting a green card via the EB-5 process takes an investment of $500,000 plus about $80,000 in legal fees. The length of time to get a green card is nearly two years and getting longer.(Reuters File)

Rich Indians eye Carribean Grenada as wait for US investor visa gets longer

Hindustan Times, New Delhi | By Pramit Pal Chaudhuri
UPDATED ON DEC 17, 2018 05:12 PM IST
The queue of Indians seeking US green cards via the EB investors’ visa has lengthened in the last three years, but so have the delays. Indians have begun seeking passports from the Caribbean island of Grenada as a way to fast-track their entry into the US.
According to the Ministry of External Affairs, the US is the most preferred destination for Indian students seeking a foreign degree.(HT file)
According to the Ministry of External Affairs, the US is the most preferred destination for Indian students seeking a foreign degree.(HT file)

Why are more Indians opting for EB-5 visa route to pursue higher studies in the US?

By Vivek Tandon
UPDATED ON OCT 10, 2018 12:52 PM IST
Apart from the vast difference in the quality of learning in India and the US, Indian students prefer an American degree because it often serves as an easy route to finding a job and settling in the country.
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