Edgerton Immigration Law
Phone: (919) 301-0055
Fax: (919) 919-324-3679
Email: Info@Edgertonimmigration.com
333 Fayetteville Street, Suite 500, Raleigh, NC 27601

Potential New Immigrant Entrepreneur Visa

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Monday, 25 October 2010 12:30

Finally, someone seems to be noticing that there are no truly viable routes to permanent residence for small business entrepreneurs and that the American economy is suffering as a result

 

Hoping to fix this major void in immigration policy, the National Foundation for American Policy has recommended to Congress the establishment of a new type of immigrant visa (EB-6) aimed at foreign-born entrepreneurs.  The proposal recommends a 10,000 annual visa quota that could create up to 100,000 new jobs over three years.

The largest distinction between this potential new visa category and the current EB-5 investor visa is that the EB-5 requires an initial investment of at least $500,000.  This capital requirement disqualifies most small businesses and start-ups, which typically start with a significantly lower dollar investment in the start-up phase.  To encourage broader investment and more U.S. job creation, the minimum financial requirement is eliminated under the EB-6 visa proposal.

A full copy of the proposal is available here. To contact your Congressional representatives in support of this proposal, click here.

 

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333 Fayetteville Street, Suite 500, Raleigh, NC 27601  |  Phone: (919) 301-0055  |  Fax: (919) 324-3679
E-mail: info@edgertonimmigration.com
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