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Here’s why you urgently need to recalibrate your EB-5 plans to the US

The following article is an initiative of CNBC-TV 18 & Nysa Global and is intended to create awareness among readers

August 12, 2019 / 03:42 PM IST

Major announcements were made by the US Government in terms of applying for a US EB-5 Investor Visa, which will be put into action from November 21, 2019.

The US EB-5 Visa program just got more expensive. Earlier where an individual could apply for a US Green Card on investing $500,000 in enterprises located in distressed areas, providing employment to at least 10 US citizens, will now cost $900,000. In case of investments outside the TEA (Targeted Employment Areas), the limit has been increased from $1 Mn to $1.8 Mn.

The changes have ruffled a lot of feathers, and raised many questions for people who have applied or were planning to apply for the ‘golden visa’.

What about the timelines? How will it impact investments already made? Does it affect you if your EB-5 Visa has already been processed?