By Pooja Singh
The surge in EB5 Visa applications is remarkable, especially in light of the persistent uncertainty and extensive processing delays linked to other employment-based green card categories. This trend reflects the growing interest among a significant number of individuals in the United States to explore alternative routes for securing their future.
For more insights on this topic, Pooja Singh conducted an exclusive interview with Peter Calabrese, Chief Executive Officer of CanAm Investor Services. CanAm Investor Services is a FINRA-registered broker-dealer affiliated with CanAm Enterprises. Mr. Peter discussed the significance of the EB-5 visa program for Indian investors. To learn more, continue reading the article.
Can you provide a brief overview of the EB-5 program and its significance for Indian investors?
The EB-5 program is an immigration-by-investment program created in the early ’90s. It allows investors to obtain conditional permanent residency in the United States. The program has gained stability, and there’s significant interest in it, particularly from Indian investors. Investors need to file an initial petition for conditional permanent residency, prove the lawful source of funds, and have the project’s status filed for their business plan to be reviewed by USCIS.
What are the pathways for EB-5 investors to obtain permanent residency?
EB-5 investors can either adjust their status if they are in the U.S. on another visa category or go to the consulate for an interview if they are outside the U.S. Once approved, they receive a conditional green card valid for two years. After 21 months, they can petition to remove the conditions by proving their investment created ten new U.S. jobs.
Are there specific sectors that are particularly appealing to Indian investors in the EB-5 program?
Indian investors often show interest in sectors like technology, healthcare, finance, and professions like doctors, attorneys, and tech workers. These sectors offer career mobility and stability for professionals and their families looking to move to the United States.
What are the advantages and disadvantages for professionals considering the EB-5 program?
The EB-5 program offers certainty of immigration status, career mobility, and benefits like reduced university fees for students. However, it requires a significant investment, and there’s a limited number of visas available. Potential retrogression of visa categories is a risk, but EB-5 remains a quicker pathway compared to other visa categories with longer backlogs.
How do you see the relationship between the United States and India evolving concerning the EB-5 program?
The relationship between the U.S. and India concerning the EB-5 program has been strong, especially in sectors like technology and healthcare. The program continues to be appealing to Indian investors looking for permanent immigration and career opportunities in the United States.
Given the current job market conditions, do you think professionals are increasingly considering the EB-5 program?
Yes, professionals facing uncertainties in the job market, especially in the tech sector, may consider the EB-5 program. It provides a safety net, career mobility, and stability, making it a viable option for those who meet the investment requirements.
What are the main benefits of investing in EB-5 visas for Indian investors?
The main benefits of EB-5 visas for Indian investors include career flexibility, permanent residency, citizenship pathways, reduced education fees for children, and the ability to live, work, and study in the United States.
Can you explain the differences between the regional center and direct EB-5 programs?
The regional center program allows investors to invest in sponsored projects from anywhere, offering more flexibility. In contrast, the direct EB-5 program involves managing and operating a business in the U.S. The choice depends on the investor’s preferences and investment goals. The regional center can provide you right guidance and assistance duration the process. The professionals hold years of experience in the same field and are fully equipped with knowledge and skills to make the process easier for you.
What are your thoughts on the increasing interest in the EB-5 visa among employees, especially in the tech sector, who may be facing layoffs or joblessness due to the uncertainties surrounding other employment-based green card categories, such as the H-1B Visa?
I believe it’s a wise consideration for those who can explore this option. While it might seem straightforward to switch from one visa category to another, the EB-5 route can be complex and comes with significant costs. However, when individuals have the means to do so, it’s worth considering because it offers the opportunity to minimize risk. The key is selecting the right project and company to invest in, which should ideally reduce any potential financial uncertainty.
With 35 years of experience sourcing, underwriting, and promoting immigration-linked investments in the United States and Canada, CanAm has a long and established track record and a reputation of credibility and trust. CanAm has financed 65 projects and raised more than $3 billion of EB-5 capital. To date, more than $2.24 billion of EB-5 capital from more than 4,500 investor-families has been repaid by CanAm-sponsored Regional Center Partnerships. CanAm exclusively operates seven USCIS-designated regional centers that are located in the City of Philadelphia, the Commonwealth of Pennsylvania, the metropolitan regions of New York and New Jersey, and the states of California, Hawaii, Florida, and Texas.
For more information, please visit www.canamenterprises.com.