2016
EB-5 Foreign Direct Investment Origin
Amount($ m) 30
Amount($ m)
Immigrant Visas Issued / Adjusted
Visas 150
25
20
15
10
5
0
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
120 100 80 60 40
20 0
Fiscal Year * |
Amount($ m) |
Market Share |
FY Immigrant Visas Issued & Adjustments of Status ** |
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 |
$ 3.5 million $ 3 million $ 3.5 million $ 9 million $ 16 million $ 9 million $ 11.5 million $ 27.5 million $ 17 million $ 28.5 million |
4.09 % 1.89 % 1.54 % 2.54 % 2.68 % 1.48 % 1.72 % 1.53 % 0.93 % 1.8 % |
5 20 19 19 72 62 37 76 87 96 |
* Federal government fiscal year is October 1- September 30 ** Visas issued represents visa granted to individuals outside of the United States.
Adjustments of Status represents individuals already in the United States who adjusted their status.
Sources: I-526 Approval Statistics by Country of Birth via Freedom of Information Act( FOIA) filed by IIUSA; U. S. Dept. of State; U. S. Citizenship and Immigration Services
QUALITY EDUCATION AS DRIVING FORCE FOR INDIAN EB-5 MARKET
The main driver, DeCicco said, is the desire of the younger generation to live in the United States. There doesn’ t seem to be a lot of pressure from the government or economically that is driving Indians to emigrate, he said.
“ We have found that most people are looking at EB-5 for their children,” he said.“ Some want their children to be educated in the U. S. and are looking to make the move before their children reach high school age. Others have children who are already attending university in the U. S. and have expressed a desire to stay after graduation.” Rohit Kapuria, an EB-5 securities and immigration attorney at Arnstein & Lehr LLP, agreed, noting that many Indian investors are looking beyond their children’ s college education.
“ The parents, who are well settled in India, are generally not keen on moving to the U. S.,” Kapuria said.“ They mostly want to give their children the security of work opportunities post-college in the U. S. Given that the H1-B visa is on a lottery basis now, it is getting very difficult for Indian U. S. college grads to work in the US. EB-5 gives them the option.”
More and more, Indian families are sending their college-age children to the U. S., according to data from the Institute of International Education, a nonprofit organization that promotes and analyzes study-abroad programs. While the flow of Indian students to U. S. colleges has grown consistently over the last 20 years, the number of students originating from India surged in the 2014-15 and 2015-16 academic years, increasing approximately 30 percent and 25 percent, respectively. The number of Indian students in the United States is more than triple what it was two decades ago, placing India second only to China in that respect.
“ Because of the demise of H-1B availability for graduating Indian students, parents are increasingly giving their children the required investment for EB-5” said Mark Davies, global managing partner and founder of immigration law firm Davies and Associates, LLC.
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