Posts Tagged ‘ Startup Act 3.0 ’

The Entrepreneur Visa & Startup Act 3.0

Posted on: September 4, 2013 by in visas
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bigstock-Passports-31148If the Startup Act 3.0 is passed by Congress, it has the potential to add up to 1.6 million jobs to the American business landscape over the next decade. Considering the fact that America’s unemployment rate is expected to stay steady at above 7.5% through 2014, the passage of the Startup Act 3.0 would be a major step forward for the U.S. economy. So far, this is the only proposal on the table that creates an Entrepreneur Visa.

Specifics to Come

While Congress continues to work toward immigration reform, the specifics of how a new Entrepreneur validation would be implemented remain up in the air. What can be expected is for a new Entrepreneur Visa to repair what many see as problems with the current validation system. Under current policies, foreign citizens who want to create a business in the United States have the option of doing so under under validation programs that would require the foreign citizen to leave the United States once the business is operational. Other programs which would allow an entrepreneur to remain in the United States for the sole purpose of entrepreneurship require the foreign citizen to show an extraordinary ability or skill in private business through established business efforts or that require the foreign citizen to invest a substantial amount of capital in the U.S. economy.

There is currently no validation program offered by the United States that encourages average entrepreneurs to build a business in the U.S. under an immigrant validation – which is a visa issued to individuals who want to move to the United States for good.

Options for Foreign Citizens

While foreign citizens may be excited about the prospect of an Entrepreneur visa, there may be some who don’t think that they can wait for the government to come up with and implement an efficient Entrepreneur visa program. If this is the case, and if they are able to meet the requirements of any other types of visas aimed at attracting business talent, then foreign citizens should speak with an experienced business visa attorney for help in finding the most appropriate visa to apply for and help with filling out and submitting all of the necessary paperwork.

A Word on Applications

The U.S. government is notorious for holding visa applicants to a high standard – not just personally, but with applications and paperwork as well. When an official from U.S. Citizenship and Immigration Services (USCIS – the agency that reviews visa applications) considers an application, he or she will only consider the information submitted with the application. If the application is completed incorrectly or incompletely, the foreign citizen applying for the visa may be forced to wait even longer for a final visa determination if the application has to be returned and amended. Since many foreign citizens applying for U.S. visas can’t afford to have their applications denied over simple errors, it is always in the visa applicant’s best interests to have the application reviewed and submitted by an experienced visa attorney.

Good News for Start Up Immigrant Investors

Posted on: August 18, 2013 by in EB-5
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bigstock-Immigration-Rally-in-Washingto-7293773While the United States maintains programs to attract foreign investments by offering visas to investors, the programs have been historically restricted to those who could afford to make substantial investments into the U.S. economy. The EB-5 investor visa program, for example, requires investors to invest at least $500,000 to be considered qualified to receive the visa. Those who are not fortunate enough to be able to provide this amount as an investment into a U.S. based business venture will try to raise the funds by selling their property and / or asking friends and family for help in raising the capital. Plus, if the investment fails, the investor may find him or herself out of the original investment funds and unable to remain in the United States, since an investment that fails to meet the expectations of the U.S. Citizenship and Immigration Service, can cause an investor’s visa to be revoked, along with the right to remain in the country.

A New Option for Entrepreneurs Under Consideration

As Congress continues to pursue immigration reform, one of the changes that is expected to go into effect when reform is passed is being dubbed the Startup Act 3.0. This act would create an entrepreneur visa that would help entrepreneurs who want to come to the United States to build businesses despite the fact that they may not have the same access to funds as individuals who apply for investor visas.

At this point, there is no telling how long it will take for the entrepreneur visa to go into effect, or even if the proposed visa will make it into the final immigration reform bill. What is known is that, if an entrepreneur visa does got into effect, it has to potential to add over 1.5 million jobs to America’s economy.

If Startup Act 3.0 Goes Into Effect

Assuming that Startup Act 3.0 goes into effect, anyone who is considering applying for a visa under the program should consider getting the help of an experienced immigration attorney for assistance with the application process. The attorney will help the prospective applicant determine whether or not he or she qualifies for the visa and, if so, can help the applicant compile the paperwork and evidence that will be needed by the U.S. Citizenship and Immigration Service to approve an application if all other qualifications are met.

This advice extends to anyone who may need help with an immigration or visa related issue. An experienced immigration attorney will have the knowledge and professional resources available to help individuals with any kind of immigration issue they may require assistance with. If a visa or green card has already been issued, then an immigration attorney can even help foreign citizens in the United States defend against removal orders – also known as deportation orders. The assistance that an immigration attorney can provide can be invaluable, particularly when a person is fighting to get to or remain in the country. Statistically, a person represented by competent legal counsel has a much higher chance of a favorable legal outcome than a person who self represents through the immigration system.