LRS limit is set to 2,50,000 USD by RBI.
How Indians will be able to purchase 5 million USD Gold Card ? once EB5 visa program will be cancelled ?
LRS limit is set to 2,50,000 USD by RBI.
How Indians will be able to purchase 5 million USD Gold Card ? once EB5 visa program will be cancelled ?
LRS is not the only way to perform outward remittance.
It is a hassle-free method.
One can always contact RBI for outward remittance of 5 Million USD.
Alternately, one can liquidiate some of one’s foreign assets,
or get a lien against them in USD in the US from some financial instiution
and use the proceeds to pay for the US Gold card.
If you are worried about LRS limit, then you aren’t intended target audience for gold card
Jokes apart, even EB5 needed investments of around million dollar. So, if you can get million out, you should be able to get 5 million out (assuming one has 5 million to spare)