I'm concerned in how immigration policy may benefit or harm the faltering economy because I work as a San Francisco immigration attorney. Senators John Kerry (D-Mass.) and Richard Luger have filed a bipartisan bill called The Startup Visa Act of 2010. (R-Ind). The law aims to make it easier for foreign businesspeople to get visas for the United States.
It's not only an open door policy here. If a foreign entrepreneur is able and willing to invest $250,000 in a firm that they are starting, they may be awarded a temporary two-year visa (now known as an EB-6 visa). A permanent visa can result from this.
The entrepreneur must have attained one of the following after two years in order to be qualified for a permanent legal status:
• Produced five full-time jobs in the United States.
• Was able to raise $1 million more for investments.
• Produced $1 million in income.
Over 160 venture investors from around the world have endorsed it. Of course, this bill may have an effect on both my career as an immigration attorney and the economy in the San Francisco area. How many entrepreneurs may take advantage of this opportunity is now difficult to predict.
This might significantly affect immigration from China. According to a recent Newsweek.com article, an MIT study revealed that China has a greater rate of entrepreneurship than either Europe or the United States. They also have a lot of entrepreneurs who are driven by tremendous growth. People who operate in the high-growth sector are founding businesses with at least 20 workers.
European nations have recently placed a strong emphasis on fostering more high-growth enterprises. European nations have been attempting to improve business climate for the last five years, including tax incentives to support entrepreneurs.
This legislation aims to attract inventors and job creators to the nation. The Startup Visa Act of 2010 is anticipated to have positive effects for the American economy, workforce, and consumer base. As a San Francisco immigration attorney, I anticipate discussions about this law, as with any change in london immigration solicitor.
Immigration lawyer Kaushik Ranchod has dedicated his legal practise and professional life to assisting individuals from all over the world in realising their ambition of travelling to, working in, or residing in the United States.
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