Washington: Recently, Indians who want to stay in the US will now be mandated to pay an additional 50 thousand dollars (about 35 lakh rupees) for EB-5 or Investor Visa from April 1 where this information has been obtained from media reports.
This additional fee will affect all categories of visas: On the other hand, the American market said that although this additional fee will affect all categories of visas, it will be a hindrance especially for the EB-5 visa program.
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A minimum investment of $ 9 lakh is necessary to settle in the US: Where the US increased the minimum investment amount for the EB-5 Investor Visa Program to $ 9 million (about Rs 6.3 crore) in the year 2019. This was the first increase since 1990.
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Along with the investment amount, you will have to deposit an additional 50 thousand dollars: With this increase in minimum investment, the new additional 5% fee means that the applicants now have to deposit an additional 50 thousand dollars in the US along with the investment amount in the escrow account. There is a warning for Indian who step into the US, plan the tax situation. Mark Davis, Global Chairman of Davis & Associates LLC said that the change in tax on the amount sent to Indians is a warning that they should plan their tax situation carefully before stepping into America.
