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Given the hype in the media over potential changes to American visa and immigration regulations, EB5 is being touted by immigration consultants and an “easy” way to get an American Green Card.
USCIS administers the EB-5 Program. Under this program, entrepreneurs (and their spouses and unmarried children under 21) are eligible to apply for a green card (permanent residence) if they:
– Make the necessary investment in a commercial enterprise in the United States; and
– Plan to create or preserve 10 permanent full-time jobs for qualified U.S. workers.
The following link to GaramChai.com Eb5 visa section has a more detailed description and analysis of the EB5 program
EB5 is an American “investor” visa. The EB-5 visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a Targeted Employment Area – high unemployment or rural area), creating or preserving at least 10 jobs for U.S.
Assuming you are a high-net worth individual who can afford to invest US$ 0.5 to 1 million, it is still worth heeding the Investor Alert: Investment Scams Exploit Immigrant Investor Program (USCIS and SEC caution investors)
If your investment through EB-5 turns out to be in a fraudulent securities offering, you may lose both your money and your path to lawful permanent residency in the United States. Carefully vet any EB-5 offering before investing your money and your hope of becoming a lawful permanent resident of the United States.
An interesting question came up online “How can I participate in Indian politics being an NRI?” The question prompted us to research on this topic further.
Many Indian-Citizen NRIs participate indirectly in Indian politics by the use of social media. Some NRIs actively participate on overseas chapters of political organizations like Overseas Friends of BJP (OFBJP), Hindu Swayamsevak Sangh (HSS), Aam Aadmi Party (AAP) and others.
Some NRIs are also known to travel to their Indian “home-town” to actively participate in elections and to vote.
A times of India article features “NRI’s date with politics”
But what makes Indians living abroad to be a part of political process in India? The people of Indian heritage living across the world have a mix of characteristics: some are foreign citizens, while others are Indian citizens (NRIs). Some have nominal relationship with India, their ancestors having left Indian shores generations back, while others belong to the pool of a mobile population having active stay and ties in India. Majority of NRIs living abroad find new roots in adopted lands, raise families, work and pay taxes and enjoy the facilities and privileges as much as locals do. But there is something that makes them yearn for India! They may continue to live offshore, yet their heart lies in India. In other words, you cannot take India out of their hearts. Aligning with a charitable work is one of the common things NRIs do to give back to India. Increasingly, political participation has also become a tool for many to contribute to their motherland even while sitting afar.
Over the years, the political parties of India have also reached out to the Indians settled abroad. This has culminated in Indian parties having their foreign extensions. Overseas Friends of BJP (OFBJP) is the most obvious case in point. Its ideological mentor Rashtriya Swayamsevak Sangh (RSS) also has overseas presence. The global front rechristened as Hindu Swayamsevak Sangh (HSS)- has presence in several countries. The HSS provides a platform for cultural nourishment to the Indians (Hindus) far away from their land and also conduct ‘sakhsas’.
The current year marks 25 years of existence of HSS in the USA. Similarly, OFBJP has chapters in more than 15 countries, with most active presence in the USA, the UK and Canada. Behind successful organisation of political rallies for BJP’s Narendra Modi were the combined efforts of the HSS and the OFBJP. The significance of overseas chapters can be gazed from the fact that BJP has in place a full time global convener whose job is to actively work on the overseas chapters. But the most amazing story of an Indian political movement galvanising the Indian diaspora across the world is exemplified by none other than the nascent political party called Aam Aadmi Party (AAP).
Many Indians Oversea (OCIs) actively participate in the politics of their host nations, especially after they attain citizenship of their host countries.
- Desis in U.S Congress! Indian-American Fab Five formally enter US Congress on Tuesday (Garamchai.com)
- The Prime Minister of Portugal, Dr Antonio Costa, happens to be an OCI – Pravasi Bharatiya Divas: Portugal PM flashes PIO card (Deccan Chronicle)
- A number of British Members of Parliment – Record number of Indian-origin MPs elected to UK parliament (TOI)