People generally refer to the United States of America as a land of opportunities. And if you too plan to settle in the country, in the near future, then you’re in for some good news. The recent reforms in the EB-5 Immigrant Investor Program can benefit the people living in the UAE and neighbouring GCC countries. Here’s more information about EB-5 Immigrant Investor Program.
EB-5 Immigrant Investor Program
According to Gulf News, with the introduction of the new reserved visa category under the EB-5 programme, people no longer have to wait for a longer wait time. This means Indian and Chinese nationals who traditionally had a longer wait time, will now face relative ease in this. Not to mention, the EB-5 Immigrant Investor Program reforms can benefit the residents of the United Arab Emirates and neighbouring GCC countries.
US Golden Visa: Things You Should Know
For those who aren’t aware, the EB-5 program was implemented in the year, 1990, by the US Congress. A way to boost the US economy, it brings in foreign capital and job creation for the people in the USA. And, recently a set of reforms were introduced to this program under the new legislation, EB-5 Reform and Integrity Act (RIA). Passed in March 2022, one of the biggest highlights is the introduction of concurrent filing. This means investors will be allowed to live and work in the US while they wait for the judgement of their EB-5 applications.
Not to mention, it will also allow them to hold lawful status in the region, before receiving their green cards.
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New Category Of Reserved US Golden Visas
Another positive change is the introduction of a new category of reserved US Golden Visa, Visa Set Asides. This allows them a priority processing of applications that leads to a shorter wait time. As it happens, many people who have been affected by the layoffs are now turning to EB-5.
So, if you know someone who lives in the US or you happen to be the one applying for a visa, to move to this country, then this reform might certainly help make your life easier.
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