May 23, 2015
Most Indian students, like any other non-U.S. citizens considering undergraduate collegiate programs in the United States are confronted both by the challenge of gaining admission to the college of their choice as well as the daunting task of securing immigration rights for attending as well as pursuing their post graduate plans.
In the quest for a diverse student population, most American universities encourage international admissions. The United States Citizenship and Immigration Service (USCIS) is fairly cooperative in granting temporary student visas (F-1) that accommodate those interested to study in the U.S., but student’s rights are quite limited.
First visitation of college campuses in advance of application is extremely precarious as one can never be sure of obtaining tourist visas to come to the U.S. for this purpose. Second, the student visa requires evidence of financial support, but once obtained the student visa precludes the foreign student from working off campus to defray college expenses. Finally, upon graduation most students are required to return to their country of origin losing out on the opportunity for post-graduate education in the United States as well as employment opportunities in “the land of opportunity”. Unfortunately for most without some permanent resident status the American experience ends on graduation day.
But there’s a solution to all this. The U.S. Congress has passed legislation allowing a limited number of foreigners the opportunity to gain green cards for themselves and their families by investing in U.S. enterprises creating American jobs. The program is known as EB-5 which stands for Employment Based 5th Preference. It became popular with American business just a few years ago during the credit crunch.
By investing US$500,000 in a U.S. enterprise, applicants obtain green cards for their entire family including unmarried children under 21 entitling permanent resident status in less than 12 months from application. Typically the investment is returned to the investor within 5 years. But the green cards are gained as soon as the money is invested.
The EB-5 program has a network of the foremost U.S. based immigration professionals in helping the investor and family get their green cards processed in the most efficient manner possible.
Investors from across India have availed themselves for the Eb-5 program. Most investors pursue the program for the sole purpose of advancing their pre-college age children’s opportunities for study and work in the U.S. As children of investors must be under the age of 21 at application, planning for this program needs to start early.
The benefits are vast. Students with green cards can come to the U.S. whenever they like while residing in their home country for college visits or any purpose. While in school, students can work off campus, accept internships, travel freely internationally, apply for all post graduate programs, and are much more valuable to American employers favoring foreigners eligible to stay in the U.S. during their employment. And these are just the benefits of green card holders important to students. Green cards leading the way to American citizenship are the most sought after immigration rights in the world.
– PANKAJ JOSHI IS THE MANAGING DIRECTOR OF GURGAON BASED NYSA, WHOSE GLOBAL HEAD-QUARTERS IS LOCATED IN ATLANTA USA AND IS A SPECIALIZED EB-5 FIRM WITH OFFICES WORLDWIDE.GET U.S. GREEN CARDS BEFORE GRADUATION
