ith Indians expected to emerge as major applicants for the EB-5 visa to get permanent residency in the US, CanAm Investor Services, one of the leading provider of this immigration-linked investment programme, is planning to set up operations here.
The firm is expecting to raise USD 100 million from Indian investors seeking EB 5 visas this year -- five times more than USD 20 million it had garnered in 2014.
The employment-based fifth preference category (EB-5) visa is meant for high networth investors to earn the Green Card which offers permanent residency in the US for themselves and their immediate family through a one-time minimum investment of USD 5,00,000 into a new US business that creates 10 or more jobs for the Americans.
"We are in the process of setting up operations in India and will most likely have offices in Mumbai and Delhi," CanAm Investor Services CEO Jeff DeCicco told here.
