Nearly 300% jump in number of Indians applying for EB-5 visas in US

India is the fourth largest market for the visa category after China, Vietnam, and South Korea

Promising foreigners a faster route to permanent residency in the US, the number of Indians getting EB-5 visas has jumped almost  four-fold since 2017, according to statistics issued by the US Department of State.

The EB-5 Visa promises a green card provided the applicant invest the one-time stipulated amount ( $1,000,000)  in a government-approved EB-5 business or create 10 full-time jobs in the country. A total of 10,000 visas are up for grabs every year with no country allowed more than seven per cent of all visas, or 700 slots, in the first instance.The time it takes to receive conditional