Start Up Visas experience resistance from a certain group of people
Immigrant Investors and Entrepreneurs have multiple options to enter US, though; they face challenges on many occasions. There are instances when an established entrepreneur in one country, when wills to move to US faces a rejection in getting Visa.
Rejection of H-1B visa
To get this visa, one has to prove a valid employee-employer relationship. The employer has to prove that he has a good control over his employees and he may chuck them out whenever they want to. But, when an employer starts a business in a new country cannot fire him. Failing to meet the criteria, the application for visa under this category stands rejected.
Option of E-2 Visa
This is the category under which an investor can invest in a country which is in a treaty with US. Under this category, it becomes easier for the investors to get visa as the aim is economic growth of the country.
Obama has assured to approve of a law which allows the immigrant investors to make investments in the country and in turn obtain the citizenship.
Proposal for New Category of Visa
The proposal is being made to create a special type of visa which will allow the investors to generate a capital of $100,000 and employ a minimum of two numbers of Americans in their first year of entrepreneur establishment.
Under the new category almost 75,000 visas would be issued. And these visas would be valid for four years, provided at least 5 American employees are hired by the firm in the last three years of visa.
Fulfilling these criteria, would allow an immigrant to apply for Green Card and he can also stay as “permanent Resident”.
Hurdles to the proposal
The proposal faces hurdles from various corners.
Senator Moran says, “I believe that we are losing the battle for entrepreneurial talent in the United States.”
The opponents express that the “start-up visa” should have wider range of immigration policies.
They hint at implementing stricter policies on immigration. They fear that frauds may slip in taking advantage of the law. They also surmise that the frauds may start up illegitimate companies. They refer to the establishment of such set ups even in the past.
Start-up Visas are a good option for the Immigrant investors, but, the hurdles have made them step back at least for the time being.