The EB-5 immigrant investor program is one of the most popular forms of alternative financing for business and real estate development at the moment. Under the program, each foreign investor invests $500,000 (in rural areas or areas with higher than average unemployment) or $1 million (everywhere else) into a project. The principal criteria is that the investor’s capital infusion must create at least 10 jobs for U.S. workers and maintain those jobs for at least two years. By meeting these criteria, the investor and his or her immediate family are entitled to receive permanent residence (a green card), allowing them to live in the United States (and incorporating their worldwide income into the U.S. tax system).
The program has been of particular interest to Chinese investors, who currently account for approximately 81 percent of the EB-5 investor petitions. As such, most U.S. developers find themselves competing against each other in a bid to gain favorable attention from Chinese migration agents who maintain connections with the wealthy and upper-middle class in China. Yet, there are other alternatives to this market and one country in particular is gaining increasing interest from developers.
India, a burgeoning EB-5 market
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