EB5 Visa: The fastest way to get employment based permanent residence in the United States for Indian Nationals
Employment based fifth category visa or EB5 visa gives high net worth individuals an opportunity to get permanent residence in the United States for not only themselves but also their loved ones. An investor is required to make a qualifying investment of $500,000 in a targeted employment area (T.E.A.) or $1,000,000 in a non T.E.A and create 10 American jobs.
EB5 investors get a green card soon after their applications are processed, as opposed to other employment based visa categories such as H1B, L1A and L1B. After getting a work visa under most categories an employee needs to be sponsored by his or her employer under employment based first (EB1), second (EB2) or third (EB3) category for a green card. An Eb5 investor does not need a sponsor in the United States. Prior to September, EB1 and EB5 categories were current, however in the September visa bulletin published by United States Citizenship and Immigration Services (USCIS) the priority date for EB5 was current whereas for EB1 it became January 2010, EB2 was February 2005 and EB3 was February 2005. Priority date determines when a beneficiary starts the consulate interview or adjustment of status process to attain permanent residence in the United States. Based on the priority dates it seems EB5 is the fastest employment based green card available to Indians.