Dark Reality Of Going To US To Make More Money | Ep 25
Published: 2024-05-11
Status:
Available
|
Analyzed
Published: 2024-05-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Individuals from Sri Lanka and Pakistan have easier immigration paths to the US compared to India, with potential green card wait times for Indians reaching 50-100 years due to population size.
"people from Sri Lanka and Pakistan can do this and India can't no because of our share population don't fight with me I didn't make the law you're going to have to wait for like 50 years to get your green card and the weight also might go up to 100 years"
Pending
The EB5 program is a direct route to a US green card, requiring an investment of $800,000 (approximately 7.8 crore INR) to create 10 American jobs, with a processing time of 1.5 to 2 years.
"the eb5 is a program eb5 is not a Visa okay all right so it's a route directly to get a green card the idea is to create 10 American jobs per investor"
Pending
After graduating on a US student visa, individuals have only two months to find a job and secure Optional Practical Training (OPT) to stay in the US. The H1B visa has a global quota of 65,000 per year.
"first thing is when you go on a student visa before you graduate or sorry after your graduation within two months if you don't find a job you don't get to stay in the US so you have two to three months to look for a job and come on op otherwise you have to come back to your home country okay that's the first hurdle people don't understand when they go let's assume you get opt you get a job the next thing is H1B 65,000 is a quota Global quota from the whole world they give 65,000 visas per year"
Pending
Approximately 7 to 8 lakh people apply for the 65,000 H1B visas annually, resulting in a lottery system with less than a 10% chance of an applicant being successful.
"7 to8 lakh people apply so it's a 10% chance not even a 10% chance to get your H1B it's a lottery"
Pending
An H1B visa is initially granted for 3 years with one possible renewal for another 3 years. After the 6-year period, individuals must leave the US for one year and re-enter the lottery.
"no so one vis a work permit the first time you get it for 3 years and only one renewal is allowed for three more years after that you have to leave the country for one year and then again put your name in the lottery and hope that you'll carry"
Pending
An additional 20,000 H1B visas are available for individuals with a Master's degree from a US institution. Certain organizations like schools, colleges, universities, hospitals, and NGOs can sponsor H1B employees outside the lottery system.
"outside the 65,000 there are another 20,000 H1B visas available for people who have done masters from us now this is cap based visas now there are certain uh organizations who qualify to get H1B sponsored for their employees any time in the year without putting their name in the lottery so these organizations are schools colleges universities hospitals and NOS not all of them qualify but some of them do qualify"
Pending
Indian citizens are currently ineligible to apply for the E2 business visa because the US does not have a treaty with India that grants this eligibility.
"there is one small catch okay Indians don't qualify to even apply for it2 okay why so us has to have a treaty with individual countries where those country citizens become eligible to file for E2 Visa so they have these treaties with UK with Canada with Sri Lanka with Pakistan Bangladesh but not with India"
Pending
Previously, Indians could obtain a Grenadian passport (a country with an E2 treaty with the US) in 2-3 months, and subsequently get an E2 visa within 6 weeks. This process now takes 6 months for the passport.
"there is another work around which is which used to be an amazing workaround couple of years ago where Indians would file for a Caribbean passport in two to three months you would get a Caribbean passport meaning I become a citizen of of a Caribbean country called Grenada because that's the only country that has E2 treaty with the US Grenada Grenada it's next to Barbados okay so that West Indies within two months I can be a citizen of that country yeah now it's 6 months but that time it was 2 months okay and in 6 weeks you would get E2 Visa"
Pending
To be eligible for the E2 visa after obtaining a Grenadian passport, individuals must now establish residency in Grenada for at least three years.
"now even if you get a Gren passport you have to establish a residency with that country for 3 years or more okay only after that you can do"
Pending
There is a significant shortage of teachers in the US. Individuals with a bachelor's degree and fluency in English can qualify by completing a state-specific certification program, which can be done online.
"there is a tremendous teacher shortage in America High School teachers scho Elementary School teachers tremendous shortage in us if you want to become a teacher then you need a bachelor's degree in any field you have to be fluent in English obviously you don't need I test toi but you need to be fluent in English because you'll be teaching in English language and third you need a certificate certification program from a particular state which will allow you to become a teacher"
Pending
After qualifying as a teacher, individuals can secure a job in the US and obtain a non-cap-based H1B visa due to the teacher shortage, bypassing the regular lottery system.
"so fourth month you qualify to be a teacher in the US and then there are a lot of jobs available because there is a teacher shortage another 2 months you can get a job and now remember I told you H1B non-cap based so there's no quota so then they can go to us"
Pending
Salaries for high school teachers in the US range from $40,000 to $55,000 per annum.
"it's a high school yeah but the salaries are between 40 and 50 $555,000 perom so it's a good Sal"
Pending
Canada was once a popular destination but is now experiencing issues with insufficient job opportunities for the large number of immigrants who have received PR and work permits in recent years.
"Canada was and I'm saying was a very popular country until recent recently but uh a lot of Indians are now not happy it's not easy to get to Canada anymore and Canada was giving 4 to 5 lak people PR I don't know how many work permits so imagine how many people went to Canada in the last few years and now not enough jobs and you know all those issues"
Pending
The UAE, particularly Dubai, is becoming a popular destination for Indians due to its proximity, minimal time difference, and the significant advantage of zero income tax.
"so a country that suddenly has sprung up is UAE so Dubai suddenly has become very popular amongst Indians it's about 2 and a half 3 hours away from uh most of the cities in India by flight by flight by flight and uh time difference also is not that much time difference is not much you can visit your family anywhere anytime you want plus zero tax right so no income tax is a very big thing"
Pending
The UAE has a growing economy with job opportunities in various sectors, including teaching and software engineering, partly due to locals' reluctance to fill certain roles.
"jobs are available because the locals don't want to work uh it's a growing economy uh you see the amount of construction that's going on it's czy but in terms of jobs like is there all kinds of job available it's a full-fledged country so they need teachers they need software engineers"
Pending
Some UAE companies are offering higher salaries to software engineers than US companies to attract talent, further enhanced by the absence of income tax.
"I know some companies who are offering more money to software Engineers than a US company is offering because they know that everyone is running to us any guy who has software skills is rushing to us so to attract that pool they are paying them more money than American companies and there is no income tax"
Pending
A software engineer earning 30 lakhs INR annually in India could earn 190,000-200,000 AED in the UAE, equating to 45-50 lakhs INR, with the added benefit of zero income tax.
"a software engineer in India let's say on an average they're making about 30 lakhs perom that same software engineer if they go to the UAE how much would they be making 190 to 200,000 Dam they'll make so that's about uh 23 you multiply so 4550 LS 4550 lakhs and plus zero tax"
Pending
Australia is no longer a favorable immigration destination due to a saturation of jobs caused by a high number of PR holders and former students. Their investment-based PR program (requiring AUD 1.2 million) is less attractive compared to the US EB5.
"Australia no more because no but again the same issue the country is very big so not enough jobs to offer anymore because again too many people who got PR too many people who went to study and then they continued living there so today most of their programs they have discontinued like one program the investment based program they have where you invest 1.2 million Australian dollars and get a PR but in that money you'll get a us eb5"
Pending
Singapore, previously accessible for residency and citizenship, has become significantly more difficult to obtain permanent residency in.
"Singapore is an option again for business also Singapore Once Upon a Time used to very easily offer uh residency permits permanent residencies even citizenships but now it has become very difficult to get you know to stay permanently"
Pending
The average tuition fee for a Master's degree in the US and most Western countries is approximately 1 crore INR.
"the average tuition fees right now to get a master's degree in the US right or most Western countries is about a CR"
Pending
Individuals who pursue higher education in the US with a 1 crore INR loan may struggle to repay it within a short work period (2-3 years), as starting salaries in India are insufficient to cover even the loan interest.
"now if I can work there for only two or 3 years How likely is it for me to be able to repay that loan in the time that I have because if I come back to India it's going to be very difficult to pay that loan with the Indian salary with the Indian salary with the starting salary that you'll get you can't even pay the interest forget paying the loan"
Pending
The cost difference between basic US health insurance plans is minimal ($200), and dental coverage is always a separate policy.
"the difference for what for the health insurance for the health insurance in the US in the US and frankly there was like a $200 difference it was not like a $2,000 difference but still he picked the cheapest and he had an issue with his teeth he should have added Dental so no uh health insurance policy in US comes directly with dental it's always a separate policy"
Pending
Root canals in the US can cost lakhs of rupees, making it cheaper to fly back to India for the procedure, even with airfare, compared to paying out-of-pocket without adequate insurance.
"and I had told him that but he wanted to cut corners and he didn't and eventually he had to Shell a lot of money to get things fixed and it reached to a point where he had to fly to India to do root canals because it was still cheaper to buy the air ticket and do it in India and go back really but if you would have taken a proper plan then he would have you're saying a root canal will cost lacks in US"
Pending