At My Global Citizenship, we strive to help Indian families to achieve their citizenship goals of settling abroad and building their children’s successful careers overseas. Contact us today to learn more.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience.
At My Global Citizenship, we strive to help Indian families to achieve their citizenship goals of settling abroad and building their children’s successful careers overseas. Contact us today to learn more.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience.
Immigration by investment is a process by which a person can obtain citizenship in a foreign country by investing a certain amount of money in that country. This can have a number of benefits for families, including facilitating study abroad plans for their children.
Here are some ways in which immigration by investment can help your child’s study abroad plan:
Visa-Free Travel
One of the biggest advantages of obtaining citizenship in another country through investment is visa-free travel. This means that your child will be able to travel to many different countries without having to go through the often complicated and time-consuming process of obtaining a visa. For example, citizens of countries such as Malta and Cyprus, which offer citizenship by investment programs, have visa-free access to more than 160 countries, including the United States and the European Union. This can make it much easier for your child to study abroad, as they will not have to worry about the hassle and expense of obtaining visas for each country they want to visit.
Access to better education
Another advantage of obtaining citizenship in another country through investment is that it can provide access to better education opportunities. Many countries with citizenship by investment programs have high-quality education systems that are ranked among the best in the world. For example, the education system in Malta is ranked 16th in the world, while Cyprus is ranked 44th. By obtaining citizenship in one of these countries, your child may be able to attend some of the top schools and universities in the world, which can be a huge advantage when it comes to their future career prospects.
Lower tuition fees
In addition to access to better education, obtaining citizenship in another country through investment can also lead to lower tuition fees for your child. Many countries with citizenship by investment programs offer reduced tuition fees for citizens, which can make studying abroad much more affordable. For example, in Cyprus, citizens pay just €3,420 per year to attend university, compared to €9,000 per year for international students. This can be a significant saving over the course of a degree program and can make studying abroad a much more viable option for many families.
Increased job opportunities
Finally, obtaining citizenship in another country through investment can lead to increased job opportunities for your child. Many countries with citizenship by investment programs have strong economies and are home to a number of multinational companies. By obtaining citizenship in one of these countries, your child may be able to take advantage of these job opportunities and build a successful career. For example, Malta has a booming financial services industry, while Cyprus is home to a number of international shipping companies.
In conclusion, obtaining citizenship in another country through investment can provide a number of benefits for families, including facilitating study abroad plans for their children. By providing visa-free travel, access to better education, lower tuition fees, and increased job opportunities, citizenship by investment can help your child achieve their dreams and build a successful future.
At My Global Citizenship, we strive to help Indian families to achieve their citizenship goals of settling abroad and building their future overseas. Contact us today to learn more.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience.
In today’s global economy, it’s not uncommon for companies to employ individuals from around the world. But when it comes to the United States, the process of obtaining a work visa can be complex and frustrating. The H-1B visa, for example, has become increasingly difficult to obtain, leaving many skilled workers wondering what options they have left. In this blog, we’ll explore how the EB-5 can help you fight H-1B visa battles.
What is the H-1B visa?
The H-1B visa is a non-immigrant work visa that allows companies in the United States to employ foreign workers in specialty occupations. This visa is typically granted to individuals with a bachelor’s degree or higher in a specialized field, such as science, engineering, or computer programming. The visa is valid for three years and can be extended for an additional three years.
Why is the H-1B visa difficult to obtain?
The H-1B visa is a popular choice for foreign workers seeking employment in the United States, and as such, the demand for these visas has far outpaced the supply. In recent years, the government has imposed strict regulations on the number of H-1B visas that can be granted each year, leaving many qualified workers without a path to employment in the United States.
According to the National Foundation for American Policy, the number of H-1B visa applications declined by 4% in 2020, and the denial rate for H-1B visas reached an all-time high of 29% in the third quarter of 2019.
How can the EB-5 program help?
The EB-5 program, also known as the Immigrant Investor Program, is a pathway to permanent residency in the United States for foreign investors who create jobs in the country. The program requires a minimum investment of $800,000 in a Targeted Employment Area (TEA), which is an area with high unemployment or a rural area. In return, the investor and their immediate family can receive a green card and the opportunity to live and work in the United States.
Here are some ways the EB-5 program can help those struggling with the H-1B visa process:
No need for an employer sponsor – One of the biggest challenges of the H-1B visa process is finding an employer willing to sponsor the visa. With the EB-5 program, there is no need for an employer sponsor. Instead, the investor can create their own business and create jobs for themselves and others.
Faster processing times – The H-1B visa process can take months or even years, and there is no guarantee of approval. In contrast, the EB-5 program has a faster processing time, with an average processing time of 29.5 months for the I-526 petition, according to the most recent USCIS processing times. Additionally, there is no cap on the number of EB-5 visas that can be issued each year, providing more opportunities for foreign investors.
Permanent residency – While the H-1B visa is a temporary work visa, the EB-5 program offers a pathway to permanent residency in the United States. This means that the investor and their family can live and work in the United States indefinitely, providing greater stability and security.
Here are some statistics that proves how EB-5 program is better.
In fiscal year 2020, the EB-5 program approved 3,278 I-526 petitions, an increase from 2,925 petitions in fiscal year 2019. (Source: USCIS)
The top five countries for EB-5 investments in fiscal year 2020 were China, India, Vietnam, South Korea, and Taiwan. (Source: USCIS)
From 2014 to 2019, the EB-5 program has brought in over $20 billion in foreign investment and created over 450,000 jobs in the United States. (Source: IIUSA)
The EB-5 program has been responsible for the creation of numerous large-scale developments, such as the Hudson Yards in New York City and the Waldorf Astoria Beverly Hills. (Source: Forbes)
These statistics demonstrate the growing popularity and success of the EB-5 program as a viable option for foreign investors seeking permanent residency in the United States. With a minimum investment of $800,000 in a Targeted Employment Area (TEA), investors can create their own businesses and create jobs for themselves and others, providing a valuable contribution to the US economy.
At My Global Citizenship, we strive to help Indian families to achieve their citizenship goals of settling abroad and building their future overseas. Contact us today to learn more.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience.
The number of Indian students opting for international education is on the rise, as per a recent report by the Economic Times. The article lists the top countries that are most preferred among Indian students looking to study abroad, including the United States, Canada, the United Kingdom, Australia, and New Zealand.
At My Global Citizenship, we have gathered some fascinating statistics that showcase the popularity of these countries among Indian students seeking higher education abroad.
Top 5 countries
The United States of America The United States remains the top destination for Indian students, with 49% of the total Indian student population studying in the US. According to the Open Doors report 2021, India has retained its position as the second-largest source of international students in the US for the fifth consecutive year. In the 2020-21 academic year, there were 193,124 Indian students studying in the US.
Canada Canada is the second-most popular destination for Indian students, with over 40,000 Indian students studying in the country in 2020. As per a report by ICEF Monitor, the number of Indian students studying in Canada has increased by 185% in the last five years. The country’s welcoming and inclusive culture, high standard of living, and opportunities for post-graduation employment are some of the factors that make it a popular choice among Indian students.
United Kingdom The UK attracts a significant number of Indian students, with over 57,000 Indian students studying in the country in 2020-21. According to a report by Universities UK International, India is the second-largest source of international students in the UK after China. The UK’s strong reputation in the fields of science, technology, and business, along with its high-quality education system, make it an attractive destination for Indian students.
Australia Australia is the third-most popular destination for Indian students, with over 90,000 Indian students studying in the country in 2021. According to a report by the Australian Trade and Investment Commission, India is the second-largest source of international students in Australia after China. The country’s excellent academic programs, welcoming culture, and strong economy make it an attractive destination for Indian students.
New Zealand New Zealand is a relatively small country, but it has become increasingly popular among Indian students. According to a report by the New Zealand Ministry of Education, the number of Indian students studying in the country has increased by 50% since 2016. In 2020, there were over 17,000 Indian students studying in New Zealand. The country’s high quality of life, stunning natural beauty, and excellent academic programs make it an attractive destination for Indian students.
At My Global Citizenship, we strive to help Indian families to achieve their citizenship goals of settling abroad and building their children’s successful careers overseas. Contact us today to learn more.
My Global Citizenship is a leading consulting firm that specializes in helping individuals and families navigate the complex world of second citizenships and residencies. We offer a truly global perspective and extensive knowledge of the citizenship and residency by investment programs available. Through our comprehensive services, we guide our clients through the entire process of obtaining a second citizenship or residency, from initial consultation and program selection to application processing and final approval. Our team of expert consultants provides personalized assistance and support at every step of the way, ensuring a smooth and stress-free experience.
