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Create 10 jobs in U.S., get green card for family
By
siliconindia news bureau
| Monday, 30 November 2009, 18:50 Hrs
|
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 falling dollar has increased the number of applications in the EB-5 category in addition to access to branded hotel deals that are trading at 30-40 percent discount. This is definitely the time to buy as the U.S. real estate market is slowly recovering," says Sachin U Patel, Managing Principal of real estate development company American Life, which operates the EB-5 regional centres in Seattle, Tacoma, and Everett.
The regional centres are diversified funds or private business development projects that allow EB-5 investors to infuse the required funds and in return acquire a small ownership interest.
Most immigration experts are seeing a growing interest in the EB-5 category of visas. Mumbai-based Immigration Attorney Sudhir Shah says, "This is certainly a good time to apply for the EB-5 programme. There are several schemes on offer wherein you merely have to invest money and in return you get a green card without having to actively participate in the business. For those who are looking at moving to the U.S. to run a motel or store there, the reduced property prices are a big attraction too, as they can get more value for their dollar investments."
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 for some Indian investors.
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 falling dollar has increased the number of applications in the EB-5 category in addition to access to branded hotel deals that are trading at 30-40 percent discount. This is definitely the time to buy as the U.S. real estate market is slowly recovering," says Sachin U Patel, Managing Principal of real estate development company American Life, which operates the EB-5 regional centres in Seattle, Tacoma, and Everett.
The regional centres are diversified funds or private business development projects that allow EB-5 investors to infuse the required funds and in return acquire a small ownership interest.
Most immigration experts are seeing a growing interest in the EB-5 category of visas. Mumbai-based Immigration Attorney Sudhir Shah says, "This is certainly a good time to apply for the EB-5 programme. There are several schemes on offer wherein you merely have to invest money and in return you get a green card without having to actively participate in the business. For those who are looking at moving to the U.S. to run a motel or store there, the reduced property prices are a big attraction too, as they can get more value for their dollar investments."
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 for some Indian investors.
Reader's comments (51)
1: Go for Biometric identification so that u may
fetch him with the expenses that he make by
extracting work from him in various fields
in return for the welfare the nation we
reside.
Posted by: Guru Hiremath - 16 Jan, 2010
2: I can give only ideas If that works
1.recruit those who have minimum qualification and give them chance to work in some student loan call centres.
2.Give them Jobs who have there profile as a graphic designer .
3.Those who experts in computers give them chance in news chanell at back stage, jobs like post production .
4. give people chance in web designing.
5. give people to work in banks.
6.give people to work in insurance company as an agent.
7.do not throw out your mobiles or your electronic goods after use or damage, open some service centres so that some electronic engineers can get good jobs.
8.hire more people to teach elementary schools and secondary schools. US Federal government should close out all private schools and and open lots of government schools.
9. Us needs to hire people who can teach art or design.
10. hire people as security guards for a atm , or some MNCs.
11. one extra tip. please hire muslims for US military. even muslims are human. terrorists do not have any cast there are non-religious. if a muslim is terrorist they will think million times to kill an another muslim.
Islam means peace!.Everyone is equal in the world. when one come in the world does not comes with a religion or goes with a religion he comes with a peaceful soul and and goes with a peace full soul.
anyone who is educated please read the above line carefully.
Please forward this message to president OBAMA
1.recruit those who have minimum qualification and give them chance to work in some student loan call centres.
2.Give them Jobs who have there profile as a graphic designer .
3.Those who experts in computers give them chance in news chanell at back stage, jobs like post production .
4. give people chance in web designing.
5. give people to work in banks.
6.give people to work in insurance company as an agent.
7.do not throw out your mobiles or your electronic goods after use or damage, open some service centres so that some electronic engineers can get good jobs.
8.hire more people to teach elementary schools and secondary schools. US Federal government should close out all private schools and and open lots of government schools.
9. Us needs to hire people who can teach art or design.
10. hire people as security guards for a atm , or some MNCs.
11. one extra tip. please hire muslims for US military. even muslims are human. terrorists do not have any cast there are non-religious. if a muslim is terrorist they will think million times to kill an another muslim.
Islam means peace!.Everyone is equal in the world. when one come in the world does not comes with a religion or goes with a religion he comes with a peaceful soul and and goes with a peace full soul.
anyone who is educated please read the above line carefully.
Please forward this message to president OBAMA
Posted by: Abhishek Biswas - 23 Dec, 2009
3: Work is God. Create 11 jobs (Freelancing also
accepted Jai ho!) in India and get dual
citizenship. Foreigners (China too) are
"most" Welcome to India and Kalyug ka
Mahabharat by Jai Shri Krishna
Posted by: Gods_must_be_crazy - 07 Dec, 2009
4:Discount Offer: For a Fraud company like
SATYAM 2 jobs created globally are enough
Fraudmaster replied to: Gods_must_be_crazy
post - 07 Dec, 2009
post - 07 Dec, 2009
5: first create 10 jobs in India then think
about going U.S. .
Posted by: Gaurav Mittal - 06 Dec, 2009
6: THE CONCEPT OF FAMILY :
I believe in the concept of "VASUDHAIKA KUTUMBUM" and I am connected to the entire humanity and I am part of this human family for we are all children of God. Kindly explain this program just one more time. For a million dollar investment, from legal and lawful source,if I generate ten new jobs, my entire Earthly family would be issued Green Cards. If Obama cannot do it, may be there is a place for all of us in the Greatest Kingdom of Heaven.
I believe in the concept of "VASUDHAIKA KUTUMBUM" and I am connected to the entire humanity and I am part of this human family for we are all children of God. Kindly explain this program just one more time. For a million dollar investment, from legal and lawful source,if I generate ten new jobs, my entire Earthly family would be issued Green Cards. If Obama cannot do it, may be there is a place for all of us in the Greatest Kingdom of Heaven.
Posted by: Rudra Rebbapragada - 05 Dec, 2009
7: First Develop Indian Economy then you see
others, Here most of the Peoples Still
unemployed, First give job to them......
Posted by: Taraknath Das - 03 Dec, 2009
9: hey, guys this means about $50\$100 billion
will go out in short duration of time from
INDIA. So hope they will multiply this money
otherwise everything will be waste for them
and us.
Posted by: Sanjay-9811088041 - 02 Dec, 2009
10: Hey Guys!
US is a devoloped country if it is in economic shambles who cares!
Lets develop our own Country though our generation may have to toil the next G would defo reap all the benefits.
INDIA should welcome guys who want to invest here especially in agriculture in a big big way.Enough of concrete jungles and I.T.companies.
thats my idea!
Cheers! by the way lets make good quality alcohol n wine too!
- mahesh kunjithapadam
US is a devoloped country if it is in economic shambles who cares!
Lets develop our own Country though our generation may have to toil the next G would defo reap all the benefits.
INDIA should welcome guys who want to invest here especially in agriculture in a big big way.Enough of concrete jungles and I.T.companies.
thats my idea!
Cheers! by the way lets make good quality alcohol n wine too!
- mahesh kunjithapadam
Posted by: mahesh kunjithapadam - 01 Dec, 2009
11: There is different treatment for Guju people
who wants to visit or settel in US. It will
not be wrong to say that Guju people are so
influential in U.S. that they arrive in U.S
1st and then plan to take Visa.
Posted by: Ram - 01 Dec, 2009
12:i m intersted for that kind job
kulwinder singh replied to: Ram
post - 03 Dec, 2009
post - 03 Dec, 2009
13: It's not only about setting up a business in
a foreign country, its all about selling your
ethics.
Of course OBAMA has taken a innovative step ahead for their country's growth.
Of course OBAMA has taken a innovative step ahead for their country's growth.
Posted by: Imran - 01 Dec, 2009
14: Hats off to Ms Obama,Because he is very much
concerned about developing his country
atleast by inviting foreign investors,but its
not the case in India,Though we have the
thought to build our nation,we are not
supported by our Leaders,they are very keen
in developing their bank accounts,till then
nothing can be done.People will start
migrating to different countries...Jai
Hind.
Posted by: Rishab Kumar - 01 Dec, 2009
15:Hi Rishab,
Correct yourself! Not "their bank accounts" but "their Swiss Bank Accounts."
Correct yourself! Not "their bank accounts" but "their Swiss Bank Accounts."
TRDS replied to: Rishab Kumar
post - 04 Dec, 2009
post - 04 Dec, 2009
16:Rishabh, why are you so pessimistic in life?
the amount pf 2.5 to 5 crores is not
something thats impossible for a lot of
people in India , and where the question of
developing own country or leaders filling
thier accounts etc come in this discussion ?
Anyways the other sad side of the story to be
looked into is that for Rs 5 crore in India,
one cant get a flat in cuffe parade , mumbai
but one can start a hotel in USA 0 employing
10 people isnt that awesome Now its time to
say Jai Hind.
upendra replied to: Rishab Kumar
post - 01 Dec, 2009
post - 01 Dec, 2009
17: Thanks for your information, and i appreciate
your comments, but any ways believe in the
statement "Indians are Rich,but India are
Poor"-Jai Hind.
Rishab Kumar replied to: upendra
post - 01 Dec, 2009
post - 01 Dec, 2009
18: That is not entirely right
If Pepsi/coke goes to a desert town in Rajastan and pump out all the water for free. They pay taxes to the govt that is a percentage of their income but they pay nothing to the people whose water they are taking away for free. Same is the case when you have mines or airports, the idea is rich people and the middle class and the Govt are getting dollar rich. But the poor or the uneducated will loose their land or property and their lively hood.
The only way to bring them up is with good education, but let me assure you as a student outside India, I think inspite of all the hype about Indians doing well abroad. Most of the Indians are struggling to do well because the quality of our education is so watered down and become so trivial that few African countries like Kenya or Nigeria has better standards than us.
If Pepsi/coke goes to a desert town in Rajastan and pump out all the water for free. They pay taxes to the govt that is a percentage of their income but they pay nothing to the people whose water they are taking away for free. Same is the case when you have mines or airports, the idea is rich people and the middle class and the Govt are getting dollar rich. But the poor or the uneducated will loose their land or property and their lively hood.
The only way to bring them up is with good education, but let me assure you as a student outside India, I think inspite of all the hype about Indians doing well abroad. Most of the Indians are struggling to do well because the quality of our education is so watered down and become so trivial that few African countries like Kenya or Nigeria has better standards than us.
Chandramouli replied to: Rishab Kumar
post - 02 Dec, 2009
post - 02 Dec, 2009
21: First Develop Indian Economy then you see
others, Here most of the Peoples Still
unemployed, First give job to them......
Posted by: pavun a - 01 Dec, 2009
22: i am with you brother i am website desiner
developer ,jewellery desiner, fashion desiner
,all types of cards designer ,banner
designing an profession in dtp .
i have written some thing that all have to read it
WE BELIEVE THAT WE CAN MOVE MORE THAN
OTHER COUNTRY ,WE THINK THAT IT'S OUR
CREATION WHICH WE CAN CREATE OUR CULTURE
THROUGH COMPUTERS IN DIFFERENT TYPES OF
TOOLS AND SHAPES BY THEIR USER
PEOPLE ALL AROUND THE WORLD LIKE THE
TRADITION OF OUR INDIA
SO WHAT ARE WE WAITING FOR .
COME SHOW OUR ART THAT IS HIDDEN ONLY
IN OUR HOME TOWNS .LETS SHOW WHOLE WORLD
THAT WE ARE DIFFERENTLY SOME THINGS ELSE .
NOT" SLUM" WAKE UP INDIA WAKE UP ITS NOT
TO LATE TO SHOW OUR ART TO WHOLE WORLD BY
THE HELP OF COMPUTERS ITS OUR INDIANS WHO
ARE GOING TO OTHER COUNTRY AN SHOWING
OUR ART BY NOT INDIA NAME BUT FOR OTHER
COUNTRY NAME WHY NOT INDIA CAN HOLD
THEM BECAUSE OF MONEY THEY GET MORE THEIR
IN DOLLARS , NOT RS WHY CANT THEY PUT THE
TALENT IN INDIA MOST OF COMPUTERS
ENGINEERS,DOCTORS,SCIENTIST,ECT ARE FROM
INDIA BUT NOT WORKING FOR INDIA BUT FOR
THE OTHER COUNTRY WHY OUR TALENT WE
DON'T GET LATEST SOFTWARE OF COMPUTERS
WE CANT USE BUT IT IS MADE BY A INDIAN AN
INDIA DON'T HAVE IT SHAME ON THEM BUT WE
WILL SHOW THEM THAT WE CAN DO IN INDIA
NOT FOR EARNING BUT BRINGING INDIAN ON TOP
OF WORLD
OUR CULTURE
OUR AIM
OUR VISION
OUR MISSION
OUR VALUES
OUR PRINCIPLES REMINDING US OF OUR
STARING POINT AND LIGHTING THE WAY
written by
KAUSAR MOHD RASHID
i have written some thing that all have to read it
WE BELIEVE THAT WE CAN MOVE MORE THAN
OTHER COUNTRY ,WE THINK THAT IT'S OUR
CREATION WHICH WE CAN CREATE OUR CULTURE
THROUGH COMPUTERS IN DIFFERENT TYPES OF
TOOLS AND SHAPES BY THEIR USER
PEOPLE ALL AROUND THE WORLD LIKE THE
TRADITION OF OUR INDIA
SO WHAT ARE WE WAITING FOR .
COME SHOW OUR ART THAT IS HIDDEN ONLY
IN OUR HOME TOWNS .LETS SHOW WHOLE WORLD
THAT WE ARE DIFFERENTLY SOME THINGS ELSE .
NOT" SLUM" WAKE UP INDIA WAKE UP ITS NOT
TO LATE TO SHOW OUR ART TO WHOLE WORLD BY
THE HELP OF COMPUTERS ITS OUR INDIANS WHO
ARE GOING TO OTHER COUNTRY AN SHOWING
OUR ART BY NOT INDIA NAME BUT FOR OTHER
COUNTRY NAME WHY NOT INDIA CAN HOLD
THEM BECAUSE OF MONEY THEY GET MORE THEIR
IN DOLLARS , NOT RS WHY CANT THEY PUT THE
TALENT IN INDIA MOST OF COMPUTERS
ENGINEERS,DOCTORS,SCIENTIST,ECT ARE FROM
INDIA BUT NOT WORKING FOR INDIA BUT FOR
THE OTHER COUNTRY WHY OUR TALENT WE
DON'T GET LATEST SOFTWARE OF COMPUTERS
WE CANT USE BUT IT IS MADE BY A INDIAN AN
INDIA DON'T HAVE IT SHAME ON THEM BUT WE
WILL SHOW THEM THAT WE CAN DO IN INDIA
NOT FOR EARNING BUT BRINGING INDIAN ON TOP
OF WORLD
OUR CULTURE
OUR AIM
OUR VISION
OUR MISSION
OUR VALUES
OUR PRINCIPLES REMINDING US OF OUR
STARING POINT AND LIGHTING THE WAY
written by
KAUSAR MOHD RASHID
saba replied to: pavun a
post - 01 Dec, 2009
post - 01 Dec, 2009
23: good to see that there is someone who thinks
so deely like this and feel proud to be an
indian.
jay hind.
jay hind.
amit replied to: saba
post - 01 Dec, 2009
post - 01 Dec, 2009
24: Hello Sirji!,Very well said.
Mahesh Khapne replied to: saba
post - 01 Dec, 2009
post - 01 Dec, 2009
26: First Lets work for India and let us develop
the Country. If we go on developing other
countries who will develope our Country! WORK
FOR INDIA DIE FOR INDIA
Posted by: Saikanth Krishna - 01 Dec, 2009
27:Excellent I like your attitude and I also
agree to your thought.
sandeep replied to: Saikanth Krishna
post - 01 Dec, 2009
post - 01 Dec, 2009
29: guys, i have decided that, if they affer
complete heaven to creat jobs in US, I wont,
because still many ppl are hungry in India.
we need to take care of them.
Posted by: Baswaraj - 01 Dec, 2009
30: India is said to be an Developing Country for
the past few years , We all should strive
ourself to change India to be an Developed
Country. We all have N number of
Opportunities in India then y should we work
for others
Posted by: vidhya - 30 Nov, 2009
31:Excellent I like your attitude and I also
agree to your thought.
deepanjal k
deepanjal k
deepanjal replied to: vidhya
post - 01 Dec, 2009
post - 01 Dec, 2009
32: With IT I am able to have many businesses
running in the US and other countries,
without even having to go there, or having
any experience . That's why I had to open
another e mail only for this purpose as
shankartimes@yahoo.com , to meet this
category.
Posted by: shankar Guru - 30 Nov, 2009
33:hi sir iself ajit jangir
ajit jangir replied to: shankar Guru
post - 01 Dec, 2009
post - 01 Dec, 2009
36: This is the way to cash Indian's brain only.
US know very well that only Indians can grow
up them financially. Indians can do anything
& anywhere as they deserve much talent.
At present whole world are looking towards
Indian economy.
Sudha Asthana
Sudha Asthana
Posted by: sudha - 30 Nov, 2009
37:Excellent I like your attitude and I also
agree to your thought.
Dilip sangaria
Dilip sangaria
deep replied to: sudha
post - 01 Dec, 2009
post - 01 Dec, 2009
39: India giving hand to aid US economy growth is
honey to our ears. Way to go India
Posted by: John Manoah - 30 Nov, 2009
40: Great News! It is good time to show Brilliant
Indians power, Even americans are not able to
create jobs, Good luck to Indians.
Posted by: Ravi Prasad - 30 Nov, 2009
41: sounds great. but is it not too early to jump
into the U.S. real estate market?
Posted by: fiza - 30 Nov, 2009
42:real estate cost of mortgages were lowered in
some areas of the country so it was and right
now and next year still is a good buy.
Christie Fox replied to: fiza
post - 01 Dec, 2009
post - 01 Dec, 2009
43:Is their any way to get a job in
abroad.please anyone help me out this
karthik replied to: fiza
post - 30 Nov, 2009
post - 30 Nov, 2009
44: I can offer you a job dude. Just send me your
resume!
PS: No shortcuts in life, you need to work your b*tt off anywhere in the world to get ahead.
PS: No shortcuts in life, you need to work your b*tt off anywhere in the world to get ahead.
IamKidding replied to: karthik
post - 01 Dec, 2009
post - 01 Dec, 2009
46: Hhmm, so sad about the replies comes for this
post. Indian's are showing interest in using
their brilliant ideas to recover other
countries(here US)economy, but NEVER looked
at Business opportunities and improve the
economy for India.
How many of you seen opportunities that are available in India ?
Please note: Each problem in India is a Business opportunity to you! So, could and list.
How many of you seen opportunities that are available in India ?
Please note: Each problem in India is a Business opportunity to you! So, could and list.
Sathish Kandasamy replied to: karthik
post - 30 Nov, 2009
post - 30 Nov, 2009
47: America is one of the biggest client of
indian goods and services. our main service
is IT and US is our biggest customer. so if
we need our economy to grow, we need clients
like US to be economically healthy, so we can
be healthy.
self sustainable in market is totally a different issue. if india becomes its biggest client then things would be different
self sustainable in market is totally a different issue. if india becomes its biggest client then things would be different
r. s replied to: Sathish Kandasamy
post - 01 Dec, 2009
post - 01 Dec, 2009
48: Kandasamy nalla chollita,thats why i like
Tamilians
lakshman replied to: Sathish Kandasamy
post - 01 Dec, 2009
post - 01 Dec, 2009
50: We can indefinely discuss, but take one point
we have brains but we must agree and if we
can then pledge to purself that we have the
brains but we also need Respectful of other's
time, Self discipline and sincerity towards
other. Having lived in US I can tell you from
these character are important contributers to
efficient functioning, which inturn keeps the
economy running. Also why are we so myopic in
contributing towards US economic growth. I am
not an EB5 applicant but see it like this. As
brain drain of IT from India came back as big
boost to Indian economy. This new initiative
can also. What is sow is what you get.
RST replied to: rakesh raju
post - 03 Dec, 2009
post - 03 Dec, 2009
51:Hi I am piyush dholariya software engineer.
This is good if you able to give me green
card.my no is M- +919924410527
piyush dholariya replied to: RST
post - 04 Dec, 2009
post - 04 Dec, 2009
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