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  Business   Economy  26 Jul 2018  EB-5 visa applications may dip 80 per cent

EB-5 visa applications may dip 80 per cent

THE ASIAN AGE.
Published : Jul 26, 2018, 6:03 am IST
Updated : Jul 26, 2018, 6:03 am IST

However, Mr Lohia expects that the limit may be raised as early as September 30 and flags it as a risk to their business from India.

CanAM Enterprises, which saw as many 100 successful applicants in 2018 till date, predicts that the figure may touch 200 if the limits aren’t raised.
 CanAM Enterprises, which saw as many 100 successful applicants in 2018 till date, predicts that the figure may touch 200 if the limits aren’t raised.

Hyderabad: With the Trump administration coming down hard on work visa and immigration, the investment-based EB-5 visas, which was touted as an alternative route for Indian HNIs to acquire green cards, may see as much as 80 per cent dip in applications if the expected hike in investment limit goes through, according to an official of CanAM Enterprises.

“With the Trump administration likely to almost double the investment limit from $500,000 and $1 million for the investment-based EB-5 visa, applications from India may see as much as  80 per cent dip in the applications for such visas among Indian HNIs,” said Abhinav Lohia, vice-president (India & Middle East), CanAm Enterprises.

 

CanAM Enterprises, which saw as many 100 successful applicants in 2018 till date, predicts that the figure may touch 200 if the limits aren’t raised. However, Mr Lohia expects that the limit may be raised as early as September 30 and flags it as a risk to their business from India.

Tags: eb-5 visas, abhinav lohia, canam enterprises