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The VC investor is, I think, to stop the property loophole that used to apply here. To get a visa you had to invest $1M in a business, so people registered a co
by kjhgtfbn 16y ago
The VC investor is, I think, to stop the property loophole that used to apply here. To get a visa you had to invest $1M in a business, so people registered a company, bought a $1M house, leased it to themselves, employed all their family and moved in.
- ajju 16y agoI assume you are referring to the way the government is constraining who they qualify as an 'investor' (someone who has made an investments of at least $50,000 every year for the past 3 years)? It does make sense to have some clause like that to avoid the loophole you mentioned. It is still orthogonal to what I am saying though, which is that once an entrepreneur has raised the money from a qualified investor for a legitimate startup, they should essentially get a permanent residency permit.
- kjhgtfbn 16y agoOh definitely agree - I would say that anybody graduating form a US uni with a science degree should get a green card. in my own field, we train physics and comp-sci PhDs then throw them out of the country like itinerant fruit pickers.