The US Citizenship and Immigration Services (USCIS) has introduced a set of changes in the rules and regulations and at the same time also increased the minimum investment limit under the EB-5 programme. The EB 5 visa is for applying for permanent residency in the US if an investment is made in a commercial business or an employment to 10 US workers on a full-time basis is granted.
The hike has been made for the first time since 1990 and accounts for inflation. It is to be noted that investment amount depends on the type of the employment area in the US. The new EB 5 Visa rule that will come into effect from November 21, 2019 increase the investment limit from $1 million to $1.8 million.
For the targeted employment area or TEA, the minimum investment limit is to be increased from $500,000 to $900,000 and will on an auto-basis adjusts its value taking into account inflation after every 5 years. The rule also keeps the 50% minimum investment differential between a TEA and a non-TEA. In rupee terms, the minimum investment for a TEA and a non TEA will be approximately Rs 12 crore and Rs 6 crore respectively.
So, as the hike will be effective after a period of 3 months or so, applicants can take the opportunity and make the application now.