While reviewing the USCIS Entrepreneurs in Residence Program visa guide webpage, I became concerned that some may get the wrong idea. The website indicates that the following visas are appropriate for Entrepreneurs:
- B1 Business Visa
- F1 OPT
- H1B Visa
- O1 Visa
- L1 Visa
- E2 Visa
For entrepreneurs, I agree that an E2 visa is generally an appropriate visa however the other visas really aren’t intended for investment and entrepreneurship. Practically speaking, they are actually risky visas for entrepreneurship and put entrepreneurs at risk not only for their having the visa petition denied, but losing their investment and businesses after they have been started.
As an immigration lawyer and owner of a law firm, I consider myself an entrepreneur and small businessman. So working with foreign entrepreneurs has been something very near and dear to my heart. Below is some of my thoughts regarding these options for investors and entrepreneurs.
1. B1 Business Visa – Its very common for an entrepreneur to come to the US an B1 for business meetings, look for office space, conduct due diligence, meeting with potential employees, investors, vendors, and clients.… Continue reading...
Posted in E Visa, H1B Specialty Worker Visa, Immigration Lawyer Blog, L Visa, Non-immigrant Visa, O Visa, Student Visa
Tagged business visa, E Visa, H1B visa, L Visa, Non-Immigrant Visa, O Visa
Today the United States Citizenship and Immigration Services (USCIS) announced that they have received approximately 17,400 regular cap H1B applications and 8,200 Advanced degrees cap petitions. As the H1B cap is still unexhausted from both the 65,000 regular cap and 20,000 advanced degrees cap, the USCIS will continue to accept FY2012 H1B petitions until the congressionally mandated numerical limitation is used up.
Based on last year’s statistic, there has been almost 300% increase of regular H1B petitions and 55% increase of the advanced degrees cap received by the USCIS in the month April. With that said, as of April 9, 2012, approx. 17,000 regular cap H1B petitions were filed compared to 2011 at the same time, there were only approximately 5,000 petitions filed. Granted that it is only 10,000 above prior year and significantly weaker than the bustling job market as in 2006 and 2007 where the cap was exhausted on April 1. However, the point to draw upon is that the trend is in the right direction and appears that jobs are growing faster than in 2011 as indicated by these early numbers.… Continue reading...