3 ms·
> Can you elaborate specifically on the rules of the USA startup visa that didn't make sense? As someone pointed out a couple weeks ago [1]: > From the articl
by vmarsy 9y ago
> Can you elaborate specifically on the rules of the USA startup visa that didn't make sense?
As someone pointed out a couple weeks ago [1]:
> From the article:
> "To qualify for the rule, entrepreneurs would have to meet high standards. A foreigner must demonstrate that he or she will contribute to economic growth or job creation and show that a reputable investor has put at least $250,000 into the company. Under this rule, they can stay in the U.S. for 30 months, with the possibility of a 30-month extension. They cannot apply for a green card during this period."
> This sounds like a pretty lame visa. How are you supposed to build a startup if you only have 30 months to do so? Why would investors risk $250k if the founder may be deported in 30 months? What happens after the extension period?
So from your link, that startup rule got wrong the 'Defining Success: Criteria for Permanent Residence' which states:
> Conditional entrepreneur visas can typically be renewed or converted to permanent residence after two to four years if the immigrant creates a successful business. (An exception is the Australian Venture Capital Entrepreneur program, which provides immediate permanent residence.)
But here the rule is simply: 'They cannot apply for a green card during this period.'. So even if your startup is successful, you're kicked out after 2.5 or 5 years.
[1] https://news.ycombinator.com/item?id=14606478 https://news.ycombinator.com/item?id=14606478
- nojvek 9y agoThis visa program deserves to be repealed. This is a big contrast to a couple of years ago when you could bring in 200k+ in to the country and start a business. Australia and Canada would grant a permanent residency. I know everyone likes blaming Trump for everything but i’m happy when they decide to reform immigration programs that don’t make sense.