United States encourages foreign entrepreneur immigration
To encourage the foreign entrepreneurs to permanently reside in the United States and create job opportunities, USCIS (U.S citizenship and immigration services) has outlined a series of new policies and efforts which are expected to encourage foreign entrepreneurs to attain H-1B non-immigrant status and stimulate investments.
These policies are being seen as the result of recent demands by various business groups and “pro-labor” groups who are asking the congressional subcommittee to reform procedures for attaining H-1B visa.
USCIS Director Alejandro Mayorkas said, “The United States has a long, rich history of welcoming innovative entrepreneurs and skilled workers into our country. These men and women fuel our nation’s economy by creating jobs, and promoting new technologies and ideas.”
The basic features of new policies are:
- Any foreign entrepreneur can attain an employment-based EB-2 immigrant visa and can also qualify for a National interested Waiver under the EB-2 visa category if they can explain that their business can be of economic interest to the United States.
- Streamlining the procedures and increase staffing to examine the petitions of foreign investors for the employment-based fifth preference category (EB-5) in the least possible time
- Expansion of Premium Processing Services for the employers who are filing Form I-140 for multinational executives and managers
- Launch of new opportunities to take input and feedback from the foreign companies and entrepreneurs to make new policies helpful for new start-up companies
According to Secretary of Homeland Security Janet Napolitano, United States must attract foreign investors to use their skills and talents to enhance the economic growth of the nation and spur job creations.
The new outreach policies and efforts are expected to fully realize the potential of existing immigration laws.