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USCIS Proposes Rule to Welcome International Entrepreneurs

uscis.gov

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Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#111

Post by anaclet0 »

r00fus wrote: post #50
drl42 wrote: post #13

Summary: - New startup entity ( After 2 years, 3 years extension - Atleast 10% ownership and active role in startup - Atleast $500K additional funding OR $500K revenue with 20% growth OR 10 Full time Jobs 0

Spousal Employment Authorization Document (EAD) is huge. IIRC, H1B spouses (ie, H4Bs) were recently allowed, but only if the H1B holder is applying for legal residency - which can take a while. In this case, you can get an EAD for your spouse as soon as you get your parole.

I was told that a person with an H4B VISA can work only after the PERM has been accepted, during the adjustment of status (the last step of a green card process)

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#113

Post by chrisper »

nojvek wrote: post #81
Animats wrote: post #75

There's already a visa deal for foreign investors, the EB-5 visa. You have to invest at least $1M ($0.5M if you're willing to invest in a bad area of the US) and create 10 jobs. That's why downtown Palo Alto has all those rug stores.

Anyone here who came down the EB-5 visa that can tell us their experience?

http://www.nytimes.com/2015/05/17/realestate/want-a-green-ca...

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#115

Post by xyzzy4 »

fmp wrote: post #87

There are six billion people in shitty countries, and one billion people in rich countries. If you move the population of Somalia to Connecticut, what do you think happens?

> If you move the population of Somalia to Connecticut, what do you think happens?

Cheap Ubers, house cleaning, haircuts, home repair, and yard work

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#116

Post by xbeta »

Is it really required to found a startup inside US to have a greater chance of success? Or more specifically in the bay?

I have seen many successful startups found in other countries (such as China) Alibaba, Tencent, etc.

Is this a push that all talented software engineers HAVE TO move to the bay to become successful?

I'm very doubtful on that claim.

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#117

Post by outworlder »

xbeta wrote: post #116

Is it really required to found a startup inside US to have a greater chance of success? Or more specifically in the bay? I have seen many successful startups found in other countries (such as China) Alibaba, Tencent, etc. Is this a push that all talented software engineers HAVE TO move to the bay to become successful? I'm very doubtful on that claim.

No, they dont' have to.

However, if you are startup, then startup == growth, which means having access to lots of capital, fast. Therefore, you should move to where there's an abundance of money, harboring people with just the right mindset to invest.

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#118

Post by jpatokal »

xbeta wrote: post #116

Is it really required to found a startup inside US to have a greater chance of success? Or more specifically in the bay? I have seen many successful startups found in other countries (such as China) Alibaba, Tencent, etc. Is this a push that all talented software engineers HAVE TO move to the bay to become successful? I'm very doubtful on that claim.

"Required", no, but being in the US gets you access to the world's largest truly single market#, the world's largest IT talent pool and the world's largest startup ecosystem. Put another way, if you had the choice, why not do it in the US?

# Thanks for trying, EU, but you're nowhere near there yet, and those language barriers aren't going anywhere anytime soon either.

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#119

Post by throwawayIndian »

vkat wrote: post #106
throwawayIndian wrote: post #97

Earlier quoted context omitted.

Thanks to the unquestionable red tape and annoyingly ( really annoying ) slow and sloppy work-culture at the USCIS it is a privilege here to share with you that even the EB1 categories of both India & China are now s̶i̶g̶n̶i̶f̶i̶c̶a̶n̶t̶l̶y̶ ̶b̶a̶c̶k̶l̶o̶g̶g̶e̶d̶ frozen [1]. Yes, welcome to 2016. A significant portion of talent that used to earlier fall in H1B->(Eb2/Eb3) category has now grown up in life and also gon…

It is just temporary until fiscal year starts again, much better than EB2/EB3 who have to wait more than a decade.

For the backlog of this year - yes! But imho it is just the beginning of clogging pipeline and the symptoms will only worsen going forward.

Re: USCIS Proposes Rule to Welcome International Entrepreneurs

#120

Post by qaq »

graeme wrote: post #108
vmarsy wrote: post #9

It looks like this rule would provide the entrepreneur a 5 year stay (2+3 additional if the start-up is doing well), but I don't see any mention of granting a green card, so what would happen to that entrepreneur on year 6? EDIT: from the medium link posted in another comment by yurisagalov: > DHS will also publish guidance to clarify when entrepreneurs may self-petition for lawful permanent residence (also known as…

Where does it say bootstrappers can use this method? I'd love it to be the case. My market is almost entirely based in the USA. I'm in Canada, but have no legal method to do any work in the US. So it's all remote now.

if you are actually doing well you can setup a US subsidiary and then do an L1-A transfer.
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