Home > Employment-based, Immigration > Entrepreneur Immigration: Obama Jobs Council Report

Entrepreneur Immigration: Obama Jobs Council Report

One of the problem facing a lot of foreign young entrepreneur who wishes to relocate to/remain in US is that there is no visa that is directly set up for them. The EB5 investor visa threshold is too high for these new startups, and one cannot sponsor himself/herself for H1B visa. While forming a corporation or partnership and file H1b and EB2/EB3 visa through that entity is an option, it involves finding trustworthy partners and giving up one’s control of the company. Due to these restraints and obstacles a lot of young startups give up the idea of relocating to US. This not only negatively impact US economy by discouraging up-and-coming businesses from coming to US but also take away new employment opportunities for US citizens.

The Obama Jobs Council acknowledges this issue and address it by calling for eased immigration rules for high-skilled foreigners, including automatic work permits or provisional visas to all foreign students after they earn science, technology, engineering or math degrees from U.S. colleges or universities. The report states “when it comes to driving jobcreation and increasing American competitiveness, separating the highly skilled worker component is critical. We therefore call upon Congress to pass reforms aimed directly at allowing the most promising foreign-born entrepreneurs to remain in or relocate to the United States.”

 

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  1. October 13, 2011 at 9:02 pm

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