The proposed 170 percent steep rise in the investment required to get Green Card under EB-5 visa has surprised many aspirants in Qatar who are looking to get permanent residence in the US.
The proposal has triggered rise in the enquiries from Qatar to apply for such visa before the proposal becomes a reality and investment amount goes through the roof.
The Department of Homeland Security, US, in the mid of last month, proposed increasing the minimum investment amount required for the EB-5 programme to $1.35m from $500,000 currently in a ‘targeted employment area’.
Investment through this programme has always generated interest among investors in Qatar. According to consultants, around $50m was invested from the country under the programme in the last two years.
The proposal to increase the investment amount is likely to come into effect in March this year, giving a limited time to avail benefit of low investment.
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