The EB-5 Visa Programme offers Indian students more promising opportunities to study and work in the US. The visa programme, also known as the Employment-Based Fifth Preference Visa, was established in 1990 under the Immigration Act, 1990.
There is a minimum investment of $800,000 USD in new commercial enterprises in the US; this investment is aimed at creating at least 10 full-time jobs for qualifying US workers. Once the job is approved, the investor, along with their spouse and children under the age of 21, will become conditional permanent residents.
Due to its many benefits, including access to world-class education, a multicultural environment, and the possibility of long-term residence in the US, Indian students and families are turning to the EB-5 Visa Programme.
The EB-5 visa leads to a green card, which will somewhat increase access to US public colleges and universities and could potentially qualify for in-state tuition. This will certainly decrease the cost of education. The EB-5 Visa Programme’s popularity among Indian students is expected to broaden educational links and promote cross-cultural exchange.
The EB-5 Visa Programme highlights the expanding relevance of international education and its profound impact on students’ careers and futures as global mobility increases. Even permanent residents will have unrestricted access to the job market. This visa will eliminate or reduce the role of employer-sponsored visas like H-1B.
Furthermore, the applicants will have a diverse and flexible work option, as they are not restricted to working in a particular field in accordance with their degree. However, while making an investment, an investor needs to be cautious, as certain risks are also associated with the investment.