EB-6 Start Up Visa Proposal

Under U.S. immigration law, temporary visas are considered to be ill-suited for entrepreneurs. Startups have been shown to be responsible for much of the net increase in employment in some recent years in USA. Therefore it is in the interest of policymakers to encourage entrepreneurs to start new businesses in the United States, by offering a startup visa.

For the reasons stated above, the Startup Visa Act of 2011 was introduced into the Senate in 2010. It would add a sixth category to the employment based visa program that allowed foreign entrepreneurs with venture capital to start a business in the United States and possibly secure permanent residency after two years. It is estimated that the Startup Act could create 500,000 to 1.6 million jobs over the next 10 years if it becomes law.