Rich Indians Are Buying Green Card To Live In US, 300% Rise In Number Of Migrants In Last 2 Years

The number of Indians getting investment linked EB-5 visas in the US, also known as “cash for green card,” has risen nearly four-fold in the past two years.

According to statistics issued by the US Department of State, 585 such conditional green cards were issued to Indians during the 12-month period ending September 2018, as against 174 in fiscal 2017.

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Compared with the allotment of just 149 conditional green cards during fiscal 2016, this reflects a massive increase of 293% over a two-year period. In terms of number of visas granted, India toppled South Korea and Taiwan to take the third spot behind China and Vietnam in fiscal 2018.