Sophie Alcorn was interviewed on Mathrubhumi News in Cochin, India, regarding opportunities for Indian investors to obtain U.S. green cards through the EB-5 program. The piece is in the Malayalam language and also features journalist Abhilash Gopinath and Indian Supreme Court attorney Mr. Satish Murthi.
The EB-5 program has allowed individuals who invest $1 million into new U.S. business that hires 10 U.S. workers to become permanent residents. They must actively manage the business. The initial green card is conditional and valid for 2 years, and then it can be extended if the investor has met all of the requirements.
A variation is the EB-5 regional center program which is currently authorized until April 28, 2016. It only currently requires a $500,000 investment, allows the jobs to be created indirectly in the economy, and provides for the investor to take a passive role in the company. EB-5 regional center projects commonly involve real estate development projects.
Please feel free to get in touch if you are considering an EB-5 investment and would like to learn more!