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Can my parents apply for investment visa?

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  • Can my parents apply for investment visa?

    Hi everyone,
    My parents live in Bombay,India and have a 10 year multiple entry visa to USA.
    My Dad is a doctor here and has a small nursing home.He has an MBBS degree and 30 years of experience.Mom's a homemaker.
    The thing is myself and my 2 elder brothers live in USA.My older brother has a greencard.
    My parents would like to wind up everything here and settle down in USA. I know it's a very difficult procedure but we really do want them to move closer to us.My dad has always been independent and soes not want to be dependent on his kids.He has been a busy doctor and so he would like to contiue to remain busy.We are looking at opening a small grocery store/restaurant which will be good income for my parents and will keep them busy. He would like to buy his own appartment there and would not want to live with us.
    Now I would like to know if there is any such visa that can enable us to do this.Once my parents wind up and sell their property in Bombay,they will have about $200,000 total.Do you think they can go for an E2 or investment visa or any other similar visa that will help them legal residents of USA.
    I don't even know if this decision is wise and if there is any such thing that may be done.Also if there is something that can be done i would be grateful if you could give me suggestions about what business he should think about.
    Should we go to any immigration consultants here in Bombay and will my brother's greencard be of any use?
    I am on F2 visa and my husband is on F1.
    Thanks in advance for your help.This website is great.
    Sabs

  • #2
    Hi sabs

    How long for your gc holder brother to become a citizen?
    After he gets his citizenship he can file an immediate relative petition for
    their permanent visa and they can get that in less than a year.(there is no wait for immediate relatives of US citizens).

    I think that is the best, least expensive and a guaranteed way for your parents to get the green card.
    Your parents can spend whatever time your brother has left till he becomes a citizen, by
    1) visiting you guys on their B1/B2.
    2) And while your dad is here on his B1/B2
    he can also look for someone who can sponsor him for a temp work visa like
    an H-1, H-2b (like a small research job, or an assistant in a store etc.)

    Another option is for him to go for an L-1 visa, but that involves effort and a lot of expense. It means opening a branch of his Indian business (nursing home) in US. He will need to start with a deposit of at least $ 50k in a US bank.This process can also lead to your parents' green card independent of
    your brother.

    About investment visa; the minimum investment is $ 500,000 which comes
    to about Rs. 2.25 crores.
    This is not an easy visa to get because there are stringent investment criteria in place.
    How will you get that much foreign exchange?
    It all has to be in white and source of money has to be transparent.
    You have to first put all that money at market risk in US and if you do get the visa, it would be a 2 yr conditional visa. If there are problems where you invested ,at the end of the 2 yr period,the visa is gone.
    It could be an appropriate category for a multimillionaire but not for your dad.


    Originally posted by sabs
    Hi everyone,
    My parents live in Bombay,India and have a 10 year multiple entry visa to USA.
    My Dad is a doctor here and has a small nursing home.He has an MBBS degree and 30 years of experience.Mom's a homemaker.
    The thing is myself and my 2 elder brothers live in USA.My older brother has a greencard.
    My parents would like to wind up everything here and settle down in USA. I know it's a very difficult procedure but we really do want them to move closer to us.My dad has always been independent and soes not want to be dependent on his kids.He has been a busy doctor and so he would like to contiue to remain busy.We are looking at opening a small grocery store/restaurant which will be good income for my parents and will keep them busy. He would like to buy his own appartment there and would not want to live with us.
    Now I would like to know if there is any such visa that can enable us to do this.Once my parents wind up and sell their property in Bombay,they will have about $200,000 total.Do you think they can go for an E2 or investment visa or any other similar visa that will help them legal residents of USA.
    I don't even know if this decision is wise and if there is any such thing that may be done.Also if there is something that can be done i would be grateful if you could give me suggestions about what business he should think about.
    Should we go to any immigration consultants here in Bombay and will my brother's greencard be of any use?
    I am on F2 visa and my husband is on F1.
    Thanks in advance for your help.This website is great.
    Sabs
    Last edited by peace; 08-11-2006, 11:17 PM.

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