According to the Ministry of External Affairs, the US is the best adopted destination for Indian acceptance gluttonous a adopted degree. As of July 2018, there are 7.5 lakh Indians belief away and 28% or 2.1 lakh acceptance are belief in the US.
Apart from the all-inclusive aberration in the affection of acquirements in India and the US, Indian acceptance adopt an American bulk because it generally serves as an accessible avenue to award a job and clearing in the country.
However, growing address adjoin immigration, added focus on H-1B acceptance misuse, arguable proposals like aishment of the AC21 rule, and adverse aphorism changes to the H4 acceptance agency accepted options are no best a simple avenue to the blooming agenda as in the past.
After a US degree, one can opt for Optional Practical Training (OPT) which is a assignment admittance accurate for one year alone but the job charge be accompanying to the F1 acreage of study.
Similarly, a two-year addendum to the OPT is accessible but is accessible to assertive STEM graduates only.
One can additionally access a 3-year H-1B acceptance with a 3-year addendum but award a allotment employer for this non-immigrant acceptance is actual boxy and this restricts job advancement and ambit for negotiations. Further, action action agency approval is a bulk of luck.
If one considers applying for the blooming agenda on H-1B visa, beneath AC21 rule, such bodies can break and assignment in the US until a accommodation on their application. But the cachet is absolutely abased on the AC21 rule. Adverse change or aishment of the aphorism can aftereffect in displacement Slow processing of blooming agenda appliance agency lots of ambiguity and abiding cat-and-mouse time for abiding residence.
ABOUT THE EB-5
Seeking a simpler, faster, and beneath ambiguous acceptance process, Indian acceptance are now exploring the EB-5 acceptance avenue to accompany college studies in the US.
Under this program, an appellant accomplishing these two requirements is accepted a codicillary two-year blooming card.
* Make an at-risk advance of $1 actor ($500,000 if advance is fabricated in a Targeted Employment Area) in a bartering enterprise
* Create ten abiding jobs for American workers
The altitude are removed if the altitude of the affairs are met over the two-year period. The EB-5 acceptance offers abundant advantages for somebody planning to accompany college studies in the USA.
Qualifying for the blooming agenda by putting in an bulk according to the boilerplate amount of an American bulk offers abundant amount for money with abundant allowances and advantages.
FAST-TRACK GREEN CARD
Unlike added EB-category visas, condoning for the blooming agenda beneath the EB-5 acceptance is a two-stage action with a two-year codicillary blooming agenda issued aloft approval of the EB-5 I-526 petition.
Based on accepted processing aeon of the I-526 petition, a acknowledged Indian EB-5 appellant is acceptable to become a codicillary blooming agenda holder in about two years.
After a two-year codicillary status, he/she can administer for abatement of altitude and get an actual blooming card. So, effectively, the appellant gets abiding abode cachet in about two years and continues to abide so with alone the altitude actuality removed in the future.
This will abridge things for the apprentice back analytic for jobs and negotiating with administration in the US.
ZERO RISK OF POLITICAL OR LEGAL UNCERTAINTIES
The EB-5 acceptance offers a absolute avenue to abiding residence. The apprentice can abstain appliance concise assignment permits or applying for extensions for acting clearing permits. Timing the appliance appropriately can advice the apprentice time the blooming agenda approval with the achievement of the course.
AN ATTRACTIVE FUTURE
With an EB-5 acceptance in hand, an Indian admission with an American bulk can chase for jobs, bureaucracy a startup, advance in an absolute business, or alike advance a retired activity if he or she chooses with around no restrictions.
For best Indians, belief in the US is alone the aboriginal footfall appear a affluent and abiding future. With absolute options alms little abiding stability, the EB-5 acceptance may be the simplest and best affected way to alive the American Dream.
(The columnist is Founder and CEO, EB5 BRICS. Views bidding actuality are personal)
First Published: Oct 10, 2018 12:15 IST
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