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USCIS: No new EB-5 investors, for now, under the regional center route
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Cash for green card: More funds not needed, for now
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Hike in investment limits for cash for green card reversed, but court victory may be short lived
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Cash for green card: Will the popular EB-5 Regional Center programme survive?
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Cash for green card: Will the popular EB-5 Regional Center programme survive?
Lubna Kably / TNN / Updated: Feb 14, 2021, 21:15 IST
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MUMBAI: The EB-5 programme, popularly dubbed as the ‘Cash for green card’ programme, has been gaining traction in India and among Indians based overseas (mainly H-1B workers facing decades-long backlog for employment-based green card). Wealthy Indians use it as a quicker route to the US, especially if they are keen that their children should study and ultimately settle in the country.
Today, the Damocles sword hangs over the heads of investors as the Regional Center programme, that was instituted in 1991, is at risk of expiration. Time is running out and no one says it better than IIUSA, a dominant EB-5 regional center trade association.