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Start-Up Visa Act of 2010 Immigrant Entrepreneurs
Immigration - A new bill would offer legal residence status to immigrant entrepreneurs who secure a minimum of $250,000 to start up their businesses. The Start-Up Visa Act of 2010, proposed by Sens. John Kerry (D-Mass.) and Richard Lugar (R-Ind.) last week, could also create jobs.
This two-year visa would require that entrepreneurs create five or more jobs and collect an addition $1 million in investment or revenue during that time to obtain a green card.
“It’s a more accessible version of the existing EB-5 Immigrant Investor visa program which grants legal permanent residency to immigrants who can prove that their investment (of at least $500,000 to $1 million) in a U.S. business preserves or creates at least 10 U.S. jobs after two years,” points out the pro-immigrant Immigration Impact.
Abogados March 6, 2010 11:10 PM | Preguntas Para Abogados
