Neelesh | My Amplog

Create 10 jobs in U.S., get green card for family

New Delhi: The Obama administration extended the regional centre investment EB-5 program, which entitles investors who put in $1 million into regional centre real estate projects and create at least 10 jobs in the U.S., to green cards along with their families.

Simply put, this program allows investors a fast-track to U.S. green cards and permanent residency. If investors are willing to put money into a business carried out on in a designated backward area, the investment required is even lower at $500,000, reports Economic Times.

The EB-5 program is attracting a large number of hospitality entrepreneurs from Gujarat who are keen on setting up shop in the U.S. Many of the Gujarati hotel entrepreneurs also have strong family links in the U.S.

The EB-5 scheme, though proving to be very attractive, is however not without glitches. Proving that the funds available for investment are from lawful sources can be a challenge

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