EB-visas: Applicants from India may drop by 80 pct if US hikes investment cap
EB-visas: As per estimates, the EB-5 market has been growing at 30-40 per cent every year from India. As many as 500 applications were filed last year from India, resulting in an investment of around USD 300 million. CanAm saw close to 100 per cent rise in the number of Indian investors - from 50 in 2016 to 97 in 2017 - and is expecting a similar pattern this year. In India, its target audience includes high net-worth investors and their family.
Applicants from India for EB- visas are expected to decline by up to 80 per cent if the US gives the go-ahead to hike the investment cap from USD 0.5 million now to USD 1.3 million later this year. Image source: Reuters