Is it worth investing $500K for a EB5 Green Card rather than waiting for EB2 for decades?

Amazon BXFi55
Apr 7, 2018 236 Comments

Getting a EB2 or EB3 green card is going to take decades for Indians. Is it worth to liquidate the savings and take the EB5 route which costs $500K?

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TOP 236 Comments
  • Google anxiet
    I don't think with $500k you could go back to India and live like a king. 500k is about 3 crores ... That will fetch 18-20 lakhs per year interest rate... If you work then you are looking at additional 40 lakhs per annum. Given the inflation in India... It's not good money. Your net income aka take home pay along with monthly interest income should be at least 4-5 lakhs. Otherwise don't go back
    Apr 7, 2018 34
    • Autodesk wow
      500k gets a crappy place in India with the current costs there (talking about metros). You need $1M in bank to retire in India provided you already own a place to live without any payments.
      Apr 9, 2018
    • Mesosphere onsie
      Hmm, I don’t think the OP was talking about retirement money.
      Apr 9, 2018
    • Amazon GGvA82
      @wow that's only true if you don't know how to invest your money and just let it sit in a bank account.
      Apr 11, 2018
    • Autodesk wow
      Yeah, I was talking about 7-9% bank interest per annum which is a safe bet.
      Apr 12, 2018
    • Apple Gg56fh
      Which banks offer 9%? It’s more like 6% these days
      May 19, 2018
  • Microsoft EatTidePod
    You could always just go back to India with that $500k and live like a king.
    Apr 7, 2018 10
    • Cisco yUYw72
      What is EM1 ?
      Apr 9, 2018
    • Intuit / Other
      The

      Intuit Other

      PRE
      Wipro, Infosys, Dell
      Themore
      Monthly payments for house you buy. EMI = Equated Monthly Installment. Term used in India
      Apr 9, 2018
    • Autodesk wow
      500k gets a crappy place in India with the current costs there (talking about metros). You need $1M in bank to retire in India provided you already own a place to live without any payments.
      Apr 9, 2018
    • Yahoo ItsTime
      i just bought a nice individual house in metro for less than 150k. go figure
      Apr 9, 2018
    • Microsoft UwXN33
      For 200k,you can get a row house in city center.
      May 16, 2018
  • Amazon 123raj
    No. Stop gaming the system and go back home
    Apr 7, 2018 33
    • Google / Eng
      wazzaaa

      Google Eng

      PRE
      Microsoft
      wazzaaamore
      Indian-born friends, you’d see more sympathy if sweatshops like Infosys were not gaming the system through phony applications (100s of thousands of them!), lowering the average bar in the industry and making it more difficult for higher quality folks to come over. They should give H1Bs and GCs to folks with the highest comp first!
      Apr 9, 2018
    • Microsoft / Eng imposter0
      @Quester : most Baltic countries don't speak more than 4 languages in the whole country. India? 30 at the min, whichever way you look at it.
      And you said it, it's unfair to give privileges to different countries based on geopolitical situation, but that's exactly what the US is rewarding Soviet Bloc disintegration for.
      Apr 10, 2018
    • Microsoft / Eng imposter0
      @wazzaaa, I definitely agree sweatshops should be out, and green cards should be merit based. I'm all for it. I personally have witnessed a large number of friends who had offers from Google mtv, Msft Redmond, fb hq, etc not able to come here all because of the visa lottery. I think most engineers at a renowned company would agree with you - paying lower than the market rate hinders others prospects.
      Apr 10, 2018
    • Amazon Quester
      Imposter() , let me rephrase myself, it is not up to the US to adjust itself to other countries geopolitical situations. Split India in 30 countries and you will get your faster queue. The us is in not way rewarding the USSR, there is a cap for each country, now it would be unfair if it had given multiple cap to the USSR based on the states that composed it while the later was still alive.
      Apr 12, 2018
    • Cisco yUYw72
      Life is unfair. You can either complain about how things should be, or take your decisions based on how things are.
      Apr 12, 2018
  • Zulily SKgJ61
    There is no gaming the system,it is playing by the rules
    Apr 7, 2018 24
    • Microsoft PlusOne
      Why don’t all the Indian H1B limbo ppl take a stand? It’s your fellow countrymen and the vendor companies that have caused this mess. Why don’t you shame them and force them to stop their tactics in ruining the H1B for all the legit applicants? Don’t blame the govt.
      Apr 9, 2018
    • Hah.... Don't blame the government. Why?? IT mafia companies are fucking up the H1B system and people like me are a collateral for just being an Indian? I'm not even a IT/CS guy. Why not merit based first come first serve system? My Uruguayan colleague got it in two years. I applied eight years before him and yet to get it.

      And you want me to stay quiet for the discrimination that happens on the basis of country of birth in the name of employment based immigration.

      Why do I need to be responsible for the ill actions of others and stand up against them but not the discrimination I'm facing in American immigration system?
      Apr 9, 2018
    • Microsoft PlusOne
      How is it discrimination when every country is given a fair and equal quota? You are just calling it that bc it suites your purpose.
      Apr 9, 2018
    • Yeah you are right then they should change the name to " Employment and country of birth based" category to make the discrimination more overt. Only US has country based quotas in developed countries and outdated rules.

      There's is diversity lottery already to for charity and quota. Giving residency to H1B is not charity but common sense and a give and take relationship where we are loosing more than gaining. If you believe in quota then it should be based on the amount which country provides the workers. Why should Uruguay get <= 7% when 80% of EB PR applicants are Indian and Chinese.

      I don't have any social security if I leave the US after 10 years of living here and paying almost $400k in taxes. That's why limbo is fucked up despite being a productive contributor to the economy here. All of my friends are like that. It's very easy for you to say this stuff cause you're not on the receiving end of this discrimination and probably for your GC easily just because you're born in another country by just a matter of fate. If you're born in India you'll feel the same way....
      Apr 9, 2018
    • Eg. I have an Indian friend. He had same cultural background as me, we speak the same language, eat same food. The only difference is he was born in Botswana where his dad was a trader and then later moved to India. He got his GC in two years due to his country of birth. His passport is Indian. That's why the US immigration system is outdated. Pakistani, Bangladeshi and Nepalese Nepalese aren't that different culturally than different types of Indians there are. Discrimination in the name of country of birth in WB category is bullshit and an ineffective joke.
      Apr 9, 2018
  • Apple Ckst
    Many of you complaining about living in India. Your view of India highly superficial. India has less resources and many people. That’s why the problems that you have mentioned happens. India is a beautiful country. In India, the law punishes the most powerful politicians and actors if they are found guilty. In many countries, it won’t even come out. How long do you have to wait to get a appointment with a medical specialist in India vs Developed countries? In developed countries, medicine is dictated by insurance companies. I completed my undergrad from a top University paying almost nothing. The system is the best in India. The execution is the problem. The root cause is, India has very limited resources. It is like complaining a poor kid of being ignorant, because he didn’t have money to pay for education. You have taken the resource from the country. The fertile land made you what you are today. The least you can do is, not to spoil the image in front of other country people.
    Apr 7, 2018 13
    • Salesforce Totam
      I doubt anyone is berating India, though you seem to be getting defensive so assuming you are more aware of the pitfalls than many here. The debate is whether $500k would give you a lot more in India than in US and overwhelmingly it seems not which probably you can be proud of as India is no longer the cheap backward country but a globally competitive market that requires you to earn the same amount or even more to match standards in a developed country.
      Apr 8, 2018
    • Snapchat iOS
      While I can’t speak about India, public health insurance is the norm in Western Europe and Canada.

      The US health system is a fucking terrible cruel joke, causing lots of unnecessary suffering, illness and death.
      Apr 9, 2018
    • Intuit
      Kdhdb

      Intuit

      PRE
      Cloudera
      Kdhdbmore
      Which resources you talking about?
      Apr 9, 2018
    • Panasonic Avionics / Eng Jonessy
      I am still laughing at the highest politicans and actors getting punished..... Please don't generalize after seeing one actor finally getting jail time. 🙄
      Apr 10, 2018
    • Intel waternick
      World number 2 economy in terms of size... yes but for an individual india is a living hell. The gdp per capita for india in 2017 was $2000 according to the imf. It really has a very long way to go.... even to escape poverty. It will take at least a decade and a half
      Apr 10, 2018
  • Zulily SKgJ61
    I think moving to Canada 🇨🇦 is an option , any ideas on how good is that ?
    Apr 7, 2018 16
    • Expedia / Eng jedigovna
      Vancouver, BC is not cold.
      Apr 8, 2018
    • Amazon heyurfb$
      There is a reason why Canada has a smaller population than the USA.
      Apr 9, 2018
    • Facebook day9
      Frankly doing my own thing in Canada is better than doing the H1B BS in Silicon Valley
      Apr 9, 2018
    • Amazon rvLp38
      Canada, but not Vancouver... where listed house prices go ~3mil in USD
      Apr 9, 2018
    • Google zVWJ35
      There is a reason why Canada has a smaller population than the USA. <- I think you are missing the point. That's actually what we are looking to change. Both literally and also economically.
      Apr 9, 2018
  • LinkedIn jxxjx
    Man, is blind an Indian app?
    Apr 7, 2018 3
    • LinkedIn Tyxft
      What’s that suppose to mean?
      Apr 7, 2018
    • No but tech industry is kinda Indian.
      Apr 7, 2018
    • Braintree 00000000
      No. But they are a large part of the tech community. Are you sad that everything is not about you?
      Apr 8, 2018
  • Zulily SKgJ61
    A friend of mine recently went to India and it is just not about being able to hire maids .. etc but after living here for so long it is just a big culture shock .. safety of kids, un professional standards across the board ,finding proper schools , activities ... essentially he tried to recreate his life style here - there and it costed about the same and he still could not get it right.
    Apr 7, 2018 2
    • Salesforce Hjugbnkkk
      How does safety of kids and schooling system work if you have stayed here for 15 -20 yrs?
      Apr 9, 2018
    • Apple Gg56fh
      Private schools in India cost same as the US I’ve heard. How do folks afford this?
      May 19, 2018
  • Apple GlLE81
    Just started this process recently. Got tired of the uncertainty with H1B. However, people should realize that with the number of investors going up, the process end to end takes almost 5-6 years or longer . So be comfortable with the idea of having that money being inaccessible for a while. Also, I agree with lot of the posters that if you are the kind who thinks that 500k in India can give you a good life, then you probably are considering a different level of lifestyle compared to what is here in the US. Maids, cars, housing alone will set you back 1-2crs and then if you want to actually save and take exotic vacations, 500k is gone really fast. Certainly, the city where you move makes a huge difference but metros are certainly at par with Bay Area in terms of cost.
    Apr 7, 2018 14
    • Amazon / Eng
      DaaamDoood

      Amazon Eng

      PRE
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      DaaamDooodmore
      @GILE81 @yobayman - could we please PM? Looking to start this ASAP and looking for a lawyer/org to understand the process and steps and what to expect.
      Apr 15, 2018
    • SAP HTTP500
      Sure
      Apr 15, 2018
    • SAP HTTP500
      BTW I am now HTTP500
      Apr 15, 2018
    • Uber uVPb74
      @yobayman @daaamdood and @HTTP500 how much lawyer charge for EB5??
      Apr 25, 2018
    • Apple IPMA84
      @GILE81 what was the project you chose ?
      May 18
  • Twitch YsvQ52
    Good for you. China’s EB2 backlog reaches 10 years and EB5 backlog is 15 years. Fuck USA.
    Apr 7, 2018 9
    • Uber ljlljlljl
      I know VB is backward looking, but you know it’s 10 years for China EB2 based on what? For all I know few applicants are actually applying
      Apr 8, 2018
    • Twitch YsvQ52
      DHS USCIS Ombudsman reports.
      Apr 8, 2018
    • VMware 2022
      Fuck USA? Go home!
      Apr 8, 2018
    • Microsoft oh snap
      You knew what you were signing up for. Therefore you cannot say ‘fuck USA’ without looking like a spoiled little brat. Grow a pair and own the consequences of your decisions.
      Apr 8, 2018
    • Uber ljlljlljl
      exactly, so much entitled indians
      Apr 8, 2018
  • New pawpaw
    Oh gosh India is definitely not that expensive. 500k is definitely something u can retire on even and if u have any additional income like a job etc then the 3 crore is a solid principal.
    Apr 7, 2018 1
    • Amazon Xoogler101
      Are you kidding me? I can barely buy a luxury condo to maintain the same lifestyle I have here in any of the top cities for that amount, go look up and everything is north of 3 crores in top tier cities. If you want to live like a king, you need 10+ crores
      Apr 7, 2018
  • Microsoft wXrj81
    I will marry you for 100k
    Apr 10, 2018 2
  • Microsoft RedTiger
    500k is not small amount for many. If you have saved a millions or a family with atleast two high paying jobs, sure you can try. EB5 is current as of now and you should be faster to get GC. But remember it is money who helps u live luxurious life and not GC. You can see rich people enjoying across the globe and poor be even suffering in developed countries!!
    Apr 8, 2018 1
    • Zulily SKgJ61
      Very well said Tiger Bhai
      Apr 8, 2018
  • For years, we waited to see if some immigration reform would happen via Congress. Finally gave up and filled our eb5 application I-526 last month. Our kids are US citizens, we don't want to go back. We had 1.5M networth, so risking 33% of our money or waiting decades or going back. We chose the first option.
    Apr 8, 2018 10
    • SAP HTTP500
      Around 3500 for i526.
      Apr 28, 2018
    • Apple JoeyFriend
      So total cost would be around 500000 + 21000 = 502100 approx
      Anything else missing from fee perspective ?
      Apr 28, 2018
    • eBay Clutom
      JoeyFriend - there is regional center administrative fee around $50k extra, if I’m not wrong
      Apr 29, 2018
    • SAP HTTP500
      Yes 30-50k regional center fee.
      Apr 29, 2018
    • Apple IPMA84
      How do u choose regional investor center ? How did u do the research ?
      May 12
  • Amazon / Eng probHighRN
    Too many rich people from China
    Apr 7, 2018 1
    • Google / Eng qnVQ65
      There's a racist per country cap for EB5 too.
      Apr 8, 2018
  • Tesla eng56
    That's a lot of money to live in the US. It's not that great of a country. Try Canada or go back to India.
    Apr 8, 2018 0
  • Apple Elon Musk!
    EB5 is a lot slower than people realize. It’s not like you give $500k and you get GC in 6 months. The i529 takes 5 years to get. Currently they are processing 2015 applicants. But the processing is not linear. Just because it is 2015 does not mean you get approval in 3 years. If it moves just 6 months in a year like the last year it will take 6 years just to get your IPO approved. Then you have to wait for the i485 which is at least another year just to get a conditional GC. On top of that the removal of conditional status is also another 1-2 year wait after 2 years. So total time can easily be 10 years to get a non conditional GC. It can be denied at any of the stages during this time though hopefully it is approved
    Apr 8, 2018 6
    • Apple Elon Musk!
      Yes your own link shows that the processing is not linear. We just now got to Jan 2016. So 30 months is a best case scenario if you apply now. Notice that 2015 was being processed in 2016 itself but took till 2018 to clear the entire 2015 backlog. Look at excel sheet that shows the IPO processing across time
      Apr 8, 2018
    • Agree with you about the linear part but 30 months is the worst case. There are a lot of factors that go into the precising times for I 526. If your project is exemplar approved it is generally faster. Some of them got the approvals in 14 months recently. Please check the USCIS i526 approval statistics report.
      Apr 8, 2018
    • Apple Elon Musk!
      Yes that is possible to get it early if that project already has multiple approvals. One other issue is that green card itself is unavailable for all applicants currently as no new visa numbers are being granted. Check current bulletin. There are also 25000 pending cases. If they increase scrutiny then the processing times can go up a lot
      Apr 8, 2018
    • That was the case. EB5 regional center program was extended 6 months until September 2018. New visas are being issued. There is always a risk. We don't want to wait decades in EB2. Pending cases are from Chinese. I am Indian.
      Apr 8, 2018
    • Apple Elon Musk!
      That is good. Hopefully they continue extensions and also approve cases which came in before they increase limits
      Apr 8, 2018
  • Microsoft Devmain
    It’s not simple that u transfer 500k and get a green card , it’s about creating jobs and hiring labor force . It was 1M initially . Steps are complicated first you have to submit your proposal with many proofs and then you get temporary visa to start business or hire American to start business and create jobs , if the business is successful then there is a process of green card . Spend 500$ to a lawyer first before dreaming about this
    Apr 8, 2018 3
    • Amazon hLED85
      it’s 500k for government preselected investments and proving created jobs is less of a problem.
      Apr 8, 2018
    • Microsoft CockBlockd
      This is what Jared Kushner's sister is selling
      Apr 9, 2018
    • Amazon / Eng yuyuyuy
      Yeah if you invest in preselected regions which are not economically well developed it's 500k. But there's less guarantee of getting any gains on that investment.

      Obviously if you have a solid plan and 1m, going for investing directly in your own business is the way to go.
      Apr 9, 2018
  • Amazon / Product Mscotch
    Remember to consider the flip side too that once you have a green card, if you ever decide to go live in a low tax country like Singapore or Hong Kong, you will still have to pay US taxes to make up the difference. Maybe the green card and US citizenship especially given the current climate isn’t all it’s made up to be.
    Apr 10, 2018 1
    • Apple Elon Musk!
      Once you get GC you live here forever. Else no point
      Apr 10, 2018
  • Autodesk AWFK75
    I wpuld go back with that kind of amount. Money multiplies faster in India if you know how to do it. Its not for no reason that houses are so expensive in India. It is this way because a lot of smart ppl multiply their sums and grow rich. And man, they definitely live like kings!
    Apr 9, 2018 0