June 30, 2013

H-1B Visa and Green Card Rules Clarified by Obama Administration

With the continual uprising of near financial crisis throughout America, the White House has decided to ‘clarify’ some of their green card policies pertaining to foreign business owners and entrepreneurs.

Various politicians have proposed similar bills that would make it easier for start-up business owners to obtain their visa for U.S. Citizenship in recent years, but this is the first of it’s kind to be accepted.

Technically, the White House has stated that it is not changing or altering any of it’s visa regulations, but instead making more clear the laws that are already in place. Hoping to attract more business from abroad, U.S. CTO, Aneesh Chopra announced the clarifications at a jobs forum in Silicon Valley on Tuesday.

Chopra explained how America has already had in place an employment green card that is sponsored by your employer, but the new changes to the H-1B visa will now allow business founders to sponsor themselves and become registered citizens.

An EB-2 green card has already been in existence for many years and is available to business founders who will have to report to a board of directors. Since you are not in absolute control in this situation, it is possible to distinguish the difference between your ownership and employment by the company. Applicants for the EB-2 visa will have to prove their possession of some sort of advanced degree or talent that is “a degree of expertise significantly above that ordinarily encountered in the sciences, arts, or business,”

Additionally, EB-5 green cards provide immigrant business founders with a visa as long as their business has a start-up investment of $500,000 and will create at least ten new jobs for Americans. The first two years of residence under an EB-5 green card will be provisional and must allow for the USCIS to investigate into the jobs you have created.

Although The White House has repeatedly clarified the fact that no laws or policies are actually changed, the entire system will now be much easier to work with. Considering that only about half of the EB-5 visas issued every year are used, it is very apparent that the system does not work as smoothly as planned.

Read more:
ComputerWorld
White House Clarifies H1b Green Card Rules to Attract Investors
USCIS Visas: H-1B
Everything You Need to Obtain a USA Work Visa
August 3rd H1B Visa FY 2011 Cap Count Update


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Startup Visa Missing From Startup America Program

“Startup America is an initiative from the Obama administration to inspire more Americans to become entrepreneurs.

While other countries are making it easier for people to move to their country through innovative startup visa programs, Obama’s flagship entrepreneurship program doesn’t have a single provision for a startup visa, or such a program.

startup america

While there is a Startup Visa Act being proposed in Congress (see: http://www.businessinsider.com/startup-visa-act-2011-3 ), Obama’s Startup America program would be the perfect platform for him to spur this kind of growth in America, instead of letting the UK and other European countries lead the way on this issue.

More information on Startup America:

Startup America will help entrepreneurs to establish their own enterprises with financial and technical help from the government.

The Obama administration believes that entrepreneurs have been the underlying spirit of America that has made it strongest economy of the world, even though this new program doesn’t include any provisions to make the immigration process easier for entrepreneurs and investors who want to more to America..

The program is aimed at letting people know about various sectors and industries where the potential for growth is high and which add value to the economy and society.

Economic growth of the country, creating more jobs and innovating new products and services are the main aims of Startup America program, which focuses in four areas:

1. Increasing access to capital for high-growth startups.

2. Increasing access to high-quality mentors for entrepreneurs.

3. Accelerating the commercialization of federally funded R&D.

4. Improving the regulatory environment for high-growth firms.”

For more information, visithttp://www.whitehouse.gov/issues/startup-america