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EB-5 Visa has an Increased Demand - Can-Am, has Plans to Open new Offices in India

September 2017, 20
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MUMBAI: Indian nationals, have found a new way, to get the PR in the USA, and are quietly taking advantage of the EB-5 visa. They are soon expected to emerge in the top category of applicants, for an EB-5 visa.  Can-Am Investor Services, which is a leading provider of the immigration-linked investment program, has decided to have a major set up in India. The centers of their offices are likely to be Mumbai and Delhi.

It is estimated that USD 100 million, will be raised from India, as the country, shows an increased interest, in obtaining the EB 5 visas.

It is an employment-based (EB-5 visa), exclusively meant to cater to the demands of high-net-worth Investors. Through this, the applicants are in a position, to earn the Green Card, which offers PR, in the US for self, and also for the immediate family members.

Minimum investment benchmark, expected for this category, is USD 5, 00,000, which has to be made, into a new US business. It must create 10 or more jobs for the Americans. 

Jeff DeCicco, CEO Can-Am Investor Services, disclosed the following facts, in a meeting while discussing the future plans of his company. At present, the sales staff of the firm is traveling to India from the USA. There was a great response from India, with the number of investors registering growth since 2014. 

Today, the firm receives around 200 applications from Indians, in a year, which is a substantial improvement over the figures during 2007-2014. The EB-5 applicants are young professionals, who wish to make a mark on the foreign soil, and the upper-class parents, who aim to see their children, well settled in the USA and have promising careers.

The strict measures, on H1B visa introduced by President Trump, have affected Indians, who had a long-term plan, to stay in the USA.

The EB5 industry has taken up the task of meeting the challenges and enhancing the number of visas that can be issued in this program. 

There is a speculation, that the US administration, would revise of the investment cap, from the present USD 5,00,000 to USD 8,00,000 in the future. This would impact heavily and is likely to decrease, the demand for EB-5 visas. EB-5 visa program was hugely popular, with the Chinese investors, but at present, India, Vietnam, and some other nations also, are showing interest in it.

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