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February 18 2015

News from India

I am seeing more and more EB-5 applicants from India.  On February 3, 2015, the Reserve Bank of India (RBI) increased the amount each individual Indian citizen can send abroad in a financial year, from $125,000 to $250,000 without end-use restrictions.  The overseas remittance limit comes under a liberalized remittance schedule.  This is good news for Indians investing in the EB-5 Immigrant Visa Program.  For further details, I can refer people to lawyers and accountants in India.

EB-5 in the Media

ABC TV ran a trash story on the EB-5 program.  It set forth the usual anti-immigrant line.   They failed to mention the many positive aspects of the program including funding many projects and their direct and indirect job creation.  So disappointing.  The link is

Happy Chinese New Year