EB-6 “Startup Visa” Proposed: April 27, 2014
New EB-6 Visa
A bill that’s currently in the United States Senate will add another category to the list of American visas available for foreign nationals. The bill called the Startup Visa Act, was introduced by Republican Senator Richard Lugar and former presidential candidate John Kerry in February. This new visa would stimulate the American economy while creating jobs in the United States. A startup visa would allow someone from another country to enter the United States if he or she raised $250,000 from venture capitalists over two years. Then, once the entrepreneur raises $1 million and has created five jobs, her or she would gain permanent residency.
The American EB-5 visa already allows investors into the country who raise $1 million and create 10 jobs. Currently, the American EB-5 visa is relatively underused with only 1,265 applications out of a 10,000 annual cap received in 2009. The Startup Visa will be called the EB-6 visa.
It’s not known when a position on this visa will be given by the White House. While immigration reform in the United States is strongly needed, there are also several issues at hand, such as climate change and a hotly-debated position available for the Supreme Court later this year. It’s not yet apparent whether immigration reform will “jump the queue” and be placed at the forefront, or fall behind as other pressing issues are dealt with first.
Update: As of July 2017, the Startup Visa was not passed into law.
The content and comments of this blog are not legal advise and and may not be accurate or complete. If you require legal advice, contact a licensed legal practitioner directly. If you post on this blog, you assume full responsibility for disclosing your identity to the public and VisaPlace nor its affiliates are not responsible for protecting your privacy nor your identity concerning your participation in our blog and you assume any risks in participating.
Completely smooth process. Rania did a great job in my Canada work permit. The team is absolutely competent and knowledgeable. Alicea was so amazing and was able to answer any of my questions immediately. I had peace of mind throughout the application. I would recommend them to other friends looking for assistance with their applications.
I highly recommend VisaPlace to anyone seeking help with navigating the legal minefield that is Permanent Residency. As someone who is very easily stressed, Lauren & Mariana have saved me a lot of sleepless nights. They are fast, efficient, reliable and honest and I will be telling any of my friends to use them for immigration. Thanks to them, my future with my husband in Canada is bright
Visa place is the best!!! I use Yasmeen to do paperwork work for my mom to come to Canada and she was amazing. Very helpful and always reply to your email promptly. My experience was awesome everything was a success and I will recommend VISA PLACE to anyone who want quick and successful results. Thank to all the team at Visa Place but a special thank you to Yasmeen again.