Is it possible to a new immigrant coming from india on a gc to find a new job? I am from India. EB5?

C

comedychiru

New Member
Hello all,

I am considering for EB5. of what is given in this forum and all other forums out there, it is a easy process of obtaining a gc through an eb5 (regional center option). And I don't really know how business go on in the us. I mean I could invest in some subway franchise etc or retail or fast foods chain etc as mentioned by others in the forum.

My question is whether it is easy to find anew job any job would do, I am proficient at computer coding but I am okay with any kind of job to start the new life. As I come from India, I am happy with any kind of job. I don't expect too much in salaries. As I am going away from my country, I am not expecting any sudden fortune.

My friends say that it is possible to fetch a new coder job easily, if we try out few job consultancies.

If anyone out there read this and understood what I am asking for, Please dont hesitate to share your knowledge.

Thanks a lot in advance.
 
Do you understand that EB5 requires you to invest at least $500K USD? And that you initially get a 2-year conditional card, and at the end of the 2 years you need to demonstrate the viability of your business? How do you expect to hold a coding job while managing your business?
 
Jackolantern said:
Do you understand that EB5 requires you to invest at least $500K USD? And that you initially get a 2-year conditional card, and at the end of the 2 years you need to demonstrate the viability of your business? How do you expect to hold a coding job while managing your business?
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thanks a lot for replying. Well there are three options in eb5 to choose from. Out of which the third one is a regional center program, where we dont have to actively participate in the business.

Job was only a last option for me, if at all everything goes wrong, the regional center would fail and I would be left with out any return on the investment etc.

I am new to us economy and the way business run there. Do you really think a 500k-1 mil usd investment will fetch a good standing business?. Many people on this forum and others suggested a subway, mcdonalds etc.

Thanks a lot again
 
It is a business question ... whether 1 Mill will help you setup a good business.
However, I am surprised you are willing to sacrifice 1 Mill to come to US. With that kind of money, you could have a good life anywhere (unless you have political enemies I guess).
 
sanjoseaug20 said:
It is a business question ... whether 1 Mill will help you setup a good business.
However, I am surprised you are willing to sacrifice 1 Mill to come to US. With that kind of money, you could have a good life anywhere (unless you have political enemies I guess).
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Investing the million makes sense for an established businessperson who wants a market presence in the US for their business.

It makes absolutely no sense whatsoever for somebody who wants to get a coding job.
 
Yeah, if some coder in India has a million bucks lying around, he could live like a maharajah rather than a mediocre code monkey in America.
 
most people here are waiting for the massive civil unrest and riots to happen so I don't think you should invest your money anyways ..you might see it go in flame (literary ):p
 
I don't think the OP's issue is absurd. I can easily imagine some people can make million of bucks in their
home country but once immigrated to USA will need a regular job. 1 million bucks is not enough for
anyone with a family to be able to just sit on it.
 
WBH said:
I can easily imagine some people can make million of bucks in their home country but once immigrated to USA will need a regular job. 1 million bucks is not enough for anyone with a family to be able to just sit on it.
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Anyone who has made millions in their home country didn't do so by having a regular job. One would assume that they would continue whatever entrepreneurial activity made said millions in the first place, no?
 
TheRealCanadian said:
Anyone who has made millions in their home country didn't do so by having a regular job. One would assume that they would continue whatever entrepreneurial activity made said millions in the first place, no?
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It would totally depends on certain factors including cultural backgrounds. It is entirely plausible that
someone who can make millions by entrepreneurial activity in theor home country will be like a stranded
fish on sands once immigrated to USA. That is also exact one reason many, after citizenship, go back
to their home country.

The same rationale for academics. Many postdocs here can onlt be postdoc but they can become professors
once back in their home country and due to different regulation, professors in certain third world
countries can earm much much more than a professor in USA since they get a 5% commission from
research budget, which is not allowed in USA)

You may ask why someoen would immigrate to USA if he can be so succsssful in their hoem country
or why someone would still keep US citizenship if they go back to their home country to be suucessful.
But life is complicated and everyone pursue their life differently.
 
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WBH said:
I don't think the OP's issue is absurd. I can easily imagine some people can make million of bucks in their
home country but once immigrated to USA will need a regular job. 1 million bucks is not enough for
anyone with a family to be able to just sit on it.
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It is utterly absurd. The OP primarily wants to do EB5 investment for the purpose of getting a coding job in the US, not for the primary purpose of entrepreneurship. It's like buying $10K of raffle tickets to win a raffle with a $2000 prize.

Anybody who is going to invest $1M of their own money in a new business should be an established entrepreneur or have other millions set aside so they wouldn't need a "coding job" to make ends meet while the business gets up to speed.
 
Jackolantern said:
It is utterly absurd. The OP primarily wants to do EB5 investment for the purpose of getting a coding job in the US, not for the primary purpose of entrepreneurship. It's like buying $10K of raffle tickets to win a raffle with a $2000 prize.

Anybody who is going to invest $1M of their own money in a new business should be an established entrepreneur or have other millions set aside so they wouldn't need a "coding job" to make ends meet while the business gets up to speed.
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One can inherit $ 1 miillion and does not have any entrepreneur skill at all. And the purpose of EB5 is to just get a GC. You can argue such EB5 is a fraudulent case because
the applicant has no bona fide intent for business. but a person doing such can at least make everything good on paper, at least not as bad as many marriage-based GC.

By the way, if a coding job pays 100K, that is attractive enough for many who invest 500K-1000K
 
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WBH said:
By the way, if a coding job pays 100K, that is attractive enough for many who invest 500K-1000K
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I would just try to put these numbers in a different light.
The 100K is pre-tax and probably amounts to 60K after all taxes. The 1000K is post-tax money which probably amounts to 1500K in US pre-tax terms (maybe more).
Plus you need to work for this 100K, which includes your time, commute, clothes and what not. It ain't free. The only benefit (probably) is health insurance.
If someone could just deposit 1000K in a US bank to support their financial system and then get this GC, that would be a different deal.
 
WBH said:
And the purpose of EB5 is to just get a GC
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I completely agree with this part. I think the main intent is to get GC, the person is a techie, has money but is not an entrepreneur and wants to handle the paperwork vs real life separately.
 
sanjoseaug20 said:
Plus you need to work for this 100K, which includes your time, commute, clothes and what not. It ain't free. The only benefit (probably) is health insurance.
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If you hire another to manage yoru $1,000,000 investment, then you have nothing else to do and your life will become boring. Income from $1 milliobn or $ 1 miilion itself is not enough for you to pursue leisure activities
at yoru whim. So in this case, an office job is still a necessaity
 
WBH said:
Not if one want to immigrate by that means and can hire someone else to manage
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If you have $3 million and want to invest $1 million in something that you pay somebody to manage, that's fine.

But if $1 million is most or all of your wealth, it's stupid to invest it in a single business that you don't have the skill to manage yourself.
 
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