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How can an Indian native transfer the EB-5 investment to the U.S.?

As an Indian native, how do I get an EB-5 visa and settle in the U.S.? There are some restrictions that makes the EB-5 investment visa almost impossible to me, since there is an LRS limit of $250,000 a year by RBI. 1) While the LRS limit is $250,000 a year, how can someone make the required investment? 2) If that''s done - then what about all the lifetime savings of that investor? Once he gets the green card, is it possible to transfer all his bank savings to U.S.?

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    Kristal Ozmun

    Immigration Attorney
    Answered on

    Your investment must be sustained in the new commercial enterprise until you have completed your two-year conditional residency period. Some investors use friends and family to help them in transferring their capital out of the country.

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    Dale Schwartz

    Immigration Attorney
    Answered on

    I am not an Indian lawyer or accountant, so I can''t tell you exactly how it is done. But I have represented many Indian clients who made EB-5 investments and got their money transferred from India to the U.S. I am aware that you are limited to transferring $250,000 a year without any permissions. But I know you can apply to the central bank of India and get permission to transfer out more than $250,000. You should check with your local bankers, lawyers, and chartered accountants in India.

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    Belma Demirovic Chinchoy

    Immigration Attorney
    Answered on

    Thousands of Indian nationals have faced the same situation as you and they have successfully petitioned for EB5. It can be done. The U.S. banks would love you to transfer all your life savings to the U.S.

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    Salvatore Picataggio

    Immigration Attorney
    Answered on

    Speaking to the investment part only (a financial professional will be helpful for the rest), when there are currency restrictions, the use of third parties may be helpful. Or if you have funds that are already out of India, you can work that in. Investment funds do not have to be from a single source or single transaction.

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    Bernard P Wolfsdorf

    Immigration Attorney
    Answered on

    Indian currency laws are fairly strict but if you accumulate assets over a period of time that is the easy and lawful way to implement.