USA EB5 Visa Scheme Extended till December 22?
Anuj Patel, MD at LD Capital Bridge, a US-based commercial lending firm said US EB5 Visa scheme was introduced by the US Congress in 1990, the EB5 visa programme allows an individual to invest $500,000 in either of two Targeted Employment Areas (TEAs) a high unemployment area in a US metropolis or a rural area outside of a metro or $1 million in a non-TEA area that can create 10 or more jobs and get US citizenship in a shorter time than H1-B visa holders. the EB-5 program gained popularity as the laws for H1-B got tougher and uncertain this year. Currently, more and more Indians graduating from U.S. universities are opting for the EB-5 visa which grants them the green card in the shortest span. However, the US Congress in September extended the scheme by three months. This is the second extension this year.
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