Spurt in Indians using investors' visa for US entry

Business Standard. NEW DELHI, INDIA – Rich Indians are opting for the EB-5 programme to cut through the line for permanent residency.

As the US government’s clampdown on temporary work visas used by information technology professionals continues to make news, the number of Indians quietly taking advantage of a little-known visa programme to become US citizens has skyrocketed. The EB-5 visa programme offers foreign residents the chance to become permanent US residents provided they invest a minimum $500,000 in a government approved EB-5 business or create 10 full-time jobs in the country.

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