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United States new Immigration Rule Aims to Attract Foreign Investors

August 2016, 29
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U.S. Citizenship and Immigration Services (USCIS) proposed a new rule to encourage foreign investors set up a business or own a stake in the US startup firms. This initiative has been taken considering the fact that the contributions of the foreign entrepreneurs has benefitted the USA’s economic conditions León Rodríguez, director of U.S. Department of Homeland Security, U.S. Citizenship and Immigration Services (USCIS) said, ““This proposed rule, when finalized, will help our economy grow by expanding immigration options for foreign entrepreneurs who meet certain criteria for creating jobs, attracting investment and generating revenue in the U.S.”

The visa under this category will only be issued to those who will fulfill the basic criteria: 

  • The startup firm has to be formed within past three years in the USA
  • The investing applicant should have at least 15% stake in the start and should have an active role in the company’s operations
  • The startup firm has potential to grow rapidly and create jobs.

The new rule will allow the foreign investors to stay in the US for two years and expand their business.. The visa can be extended further for 3 years considering the evidence of job creation and essential public benefits.

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