US announces ‘start-up-visa’ for foreign investors

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US announces ‘start-up-visa’ for foreign investors

The United States Government proposed a new immigration rule on August 26th, focusing the international entrepreneurs. The new bill will allow the foreign nationals to stay in the US for five years if he/she has a stake in one or more startup firms in US. The prospective migrant has to give a proof that his business has a potential for growth and it will create jobs.

The investor has to have at-least 15 percent stake in the US based business and should be playing an active role in the firm’s operation. The applicant will be given visa to stay for 2 years initially which will be further extended up to three years.

The “start-up-visa” was announced by the Department of Homeland Security on Friday.

Source Link: https://www.washingtonpost.com/

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