Why Are More Indians Opting For EB-5 Visa Route To Pursue Higher Studies In The US
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.
ABOUT THE EB-5Seeking a simpler, faster, and less uncertain visa process, Indian students are now exploring the EB-5 visa route to pursue higher studies in the US.
Under this program, an applicant fulfilling these two requirements is granted a conditional two-year green card.
* Make an at-risk investment of $1 million ($500,000 if investment is made in a Targeted Employment Area) in a commercial enterprise
* Create ten permanent jobs for American workers
The conditions are removed if the conditions of the program are met over the two-year period. The EB-5 visa offers numerous advantages for somebody planning to pursue higher studies in the USA.
Qualifying for the green card by putting in an amount equal to the average cost of an American degree offers great value for money with numerous benefits and advantages.
FAST-TRACK GREEN CARDUnlike other EB-category visas, qualifying for the green card under the EB-5 visa is a two-stage process with a two-year conditional green card issued upon approval of the EB-5 I-526 petition.
Based on current processing period of the I-526 petition, a successful Indian EB-5 applicant is likely to become a conditional green card holder in approximately two years.
After a two-year conditional status, he/she can apply for removal of conditions and get an unconditional green card. So, effectively, the applicant gets permanent residence status in approximately two years and continues to remain so with only the conditions being removed in the future.
This will simplify things for the student when searching for jobs and negotiating with employers in the US.
ZERO RISK OF POLITICAL OR LEGAL UNCERTAINTIESThe EB-5 visa offers a direct route to permanent residence. The student can avoid using short-term work permits or applying for extensions for temporary immigration permits. Timing the application properly can help the student time the green card approval with the completion of the course.
AN ATTRACTIVE FUTUREWith an EB-5 visa in hand, an Indian graduating with an American degree can search for jobs, setup a startup, invest in an existing business, or even lead a retired life if he or she chooses with virtually no restrictions.
For most Indians, studying in the US is merely the first step towards a prosperous and stable future. With existing options offering little long-term stability, the EB-5 visa may be the simplest and most elegant way to live the American Dream.
Publish: Friday, October 12, 2018 01:25 AM