December 29 20010 - A new Entrepreneur Visa for US, will add more EB-5 visas
Ambler Collins' Managing Partner Mathew Collins announced today that Ambler Collins was launching a new initiative to follow the trend of entrepreneurs moving to the USA
to start business especially in the sectors of real estate, technology and other high tech endeavours. There were many reasons why the US was attractive to entrepreneurs
from the Middle East, China, India and South East Asia.
Mathew stated that "the environment in the USA was highly innovative, the ability of new organisations to aggregate capital, skilled commercial practitioners, domain
knowledge experts, gain access to venture capital and people that had experience with new business was unparallel and in the current business down turn Ambler Collins
is expecting that this process of forming new venture would accelerate."
The US Government had recognised that this was going to be key and Mathew Collins referred to earlier this year people like congressman Jared Polis had started to promote the
expansion of the EB-5 Visa process to include a new 'start-up' visa to encourage more success stories like Yahoo and Google. (Congressman Jared Polis news release is below)
Mathew Collins stated that Ambler Collins was working on several initiatives’ for 2011 where it would be promoting the EB-5 in Europe from London, the Middle East from Bahrain and
for India, China and South east Asia from Singapore.
Congressman Jared Polis statement follows:
A new Entrepreneur Visa for US, will add more EB-5 visas
Source: USA Diversity Lottery
United States congressman Jared Polis has proposed a new ’start-up’ visa which would make it easier for foreign entrepreneurs to start companies in America.
Congressman Jared Polis proposed the new visa, with the aim to make it easier for entrepreneur immigrants. Without immigration companies such as
Yahoo and Google would not exist. The idea will be part of a proposed overhaul of the U.S. immigration system.
“Every day the American economy is losing ground, not to mention high-tech jobs and technologies, to India and China because foreign-born entrepreneurs
cannot secure a visa to stay in the US,” he stated.
If implemented, the new start-up visa proposal would mean that many more Immigrants will qualify for America’s EB-5 visa scheme. Introduced in 1990 to
help attract foreign capital, the EB-5 visa allows 10,000 foreign entrepreneurs to come to the U.S. However, applicants must invest at least $1 million and
create at least 10 full-time jobs.
Polis hopes to add a new class to the EB-5 visa that would allow entrepreneurs to attain a visa if they can attract $250,000 from a U.S. venture capital firm
or $100,000 from an angel investor. The new company would have to show that it could generate $1 million in revenue and create at least 5 to 10 jobs.
A 2007 study, America’s New Immigrant Entrepreneurs, undertaken by Duke University and University of California at Berkley found that 25 percent of
engineering and technology companies started in the United States between 1995 and 2005 had at least one founder who immigrated to the country.
According to the study, these companies generated $52 billion in sales in 2005 and employ nearly 450,000 U.S. workers.
For a free assessment of your eligibility to migrate to the United States of America under the EB5 visa contact us now.
If you have further enquiries on immigration to the UK, NZ, Australia, Singapore or the USA, please contact Ambler Collins and we will undertake a complimentary
assessment of your eligibility. Email us at; info@amblercollins.com
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