EB-5 News

Indian EB-5 Investors May Want to Move Funds to the United States Before April

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Beginning April 1, 2020, Indian EB-5 investors will have to pay an additional $50,000 for their visa due to a 5% tax on remittances out of India.

Under the EB-5 Program, qualified investors must fund an escrow account with the program’s minimum investment requirement of $900,000 for a targeted employment area investment as part of their I-526 Immigrant Petition by Alien Investor.

According to media reports, investors who wish to pay the $50,000 at a later step in the process rather than at the source may want to look into moving their funds to the a United States escrow account prior to when the rule goes into effect on April 1, 2020.

Indian EB-5 investors who move their funds to a U.S. escrow account do not necessarily have to invest in EB-5 immediately. They may be able to still take their time to conduct due diligence and carefully plan their next steps.

Related: EB-5 Green Card Steps: From Filing a Petition to Entering the USA 

Indian investors looking to immigrate to the United States through the EB-5 Program may wish to act fast. If you have questions about the tax or would like further information about getting started with EB-5, send us a message or fill out the free evaluation below.

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