New Plan Proposed For US Entrepreneur Visa!

In an effort to help foreign entrepreneurs to start up businesses more easily in the United States, Congressman Jared Polis has recently put forward a new visa plan. According to the congressman, the US economy is lagging behind, reason being overseas entrepreneurs cannot secure their visas to stay in the nation.

His proposed ‘start-up’ visa would attract more immigrants to the US under the EB-5 visa scheme, if implemented. Each year, America’s EB-5 visa category allows a total number of 10,000 foreign entrepreneurs to enter the nation. The applicants are required to invest a minimum amount of $1 million, as well their venture must create 10 full-time jobs.

The newly proposed visa plan by Polis could help many foreign entrepreneurs to enter the United Nations and set up their business. As per the plan, foreign entrepreneurs will be granted EB-5 visas, if they are able to attract $250,000 from a venture capital firm in the US or $100,000 from an angel investor. However, an entrepreneur should be determined and must show that his/her business would generate $1 million in revenue, as well as create about 5 to 10 employment opportunities.

The start-up visa is proposed in an attempt to streamline the prevailing EB-5 visa system. The visa scheme was introduced in the year 1990 in order to attract foreign capital to the United States. Once the proposed plan for the EB-5 Visa scheme is implemented, America is sure to attract one of the best overseas entrepreneur flocks each year!

Let’s hope for the best and keep yourself updated with the latest immigration amendments in the US with an Immigration and Visa Consultant!

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