Thursday, February 25, 2010
BIPARTISAN INVESTOR VISA BILL INTRODUCED
Senators Richard Lugar (R-IN) and John Kerry (D-MA) have introduced the StartUp Visa Act of 2010. According to Senator Lugar's office:
Senators John Kerry (D-Mass.) and Richard Lugar (R-Ind.), the Chairman and Ranking Member of the Senate Foreign Relations Committee, today introduced legislation to drive job creation and increase America’s global competiveness by helping immigrant entrepreneurs secure visas to the United States.
The StartUp Visa Act of 2010 will allow an immigrant entrepreneur to receive a two year visa if he or she can show that a qualified U.S. investor is willing to dedicate a significant sum – a minimum of $250,000 – to the immigrant’s startup venture.
“Global competition for talent and investment grows more intense daily and the United States must step up or be left behind,” said Sen. Kerry. “Everywhere Dick Lugar and I travel for the Foreign Relations Committee, we see firsthand the entrepreneurial spirit driving the economies of our competitors. Creating a new magnet for innovations and innovators to come to the United States and create jobs here will offer our economy a double shot in the arm – robust job creation at home and reaffirmation that we’re the world’s best place to do business.”
“Our country should strive to attract to the United States the most talented and highly skilled entrepreneurs. We should channel the power of innovative thinkers from around the world and American investors towards creating jobs and encouraging economic growth and future prosperity,” said Ranking Member Lugar.
The StartUp Visa Act of 2010 would amend immigration law to create a new EB-6 category for immigrant entrepreneurs, drawing from existing visas under the EB-5 category, which permits foreign nationals who invest at least $1 million into the U.S., and thereby create ten jobs, to obtain a green card. After proving that he or she has secured initial investment capital and if, after two years, the immigrant entrepreneur can show that he or she has generated at least five full-time jobs in the United States, attracted $1 million in additional investment capital or achieved $1 million in revenue, then he or she would receive permanent legal resident status.
More than 160 venture capitalists from across the country have endorsed the senators’ proposal. That letter of support is attached.
# posted by Greg Siskind @ 7:52 AM
Monday, February 22, 2010
MEXICANS INCREASINGLY PURSUING INVESTOR VISAS
Sunday, February 21, 2010
INFLEXIBLE E-2 VISA CAUSES HEADACHES FOR BRITISH FAMILY
The St. Petersburg Times reports on a fairly typical, but very tough issue facing many on the E-2 visa. The lack of a permanent residency conversion option and the fact that children lose their status as soon as they turn 21.
# posted by Greg Siskind @ 2:15 PM
Saturday, February 20, 2010
EB-5 INVESTORS TO FUND SEATTLE SKYSCRAPER
The new Federal Way Regional Center is embarking on an ambitious project. From the Seattle Post-Intelligencer:
Developers plan to build a 45-story hotel and condo tower in the Seattle suburb of Federal Way where the tallest building now is only nine stories. The Seattle Daily Journal of Commerce reports the Twin Development company plans a $235 million building that could open in four years.
Seattle developer Steve Smith is counting on Korean and other foreign investors to fund most of the project through the EB-5 Immigrant Investor program, which grants foreigners permanent resident status in exchange for investing in projects like the Sky Hotel and Residence.
Investors will likely have to shell out $1 million or more to get green cards for themselves and their immediate families. The investment is likely to go into a condo or two.
# posted by Greg Siskind @ 8:46 PM
Sunday, February 14, 2010
LAKE BUENA VISTA REGIONAL CENTER APPROVED FOR LOWER INVESTMENTS
I've received information from the Lake Buena Vista Regional Center in Orlando that the resort-based EB-5 investment has been approved for $500,000 investments. Previously, they were only able to accept $1,000,000 investments.
# posted by Greg Siskind @ 10:29 PM
Saturday, February 13, 2010
GREEN CARDS FOR GREEN CARS
The New York Times reports on Chinese investors pumping money in to the EB-5 regional center supporting Kinetic Hybrid Motors, Chinese-owned hybrid car manufacturer setting up operations in Mississippi.
# posted by Greg Siskind @ 5:37 PM
Sunday, February 7, 2010
E-2 INVESTOR VISA BECOMING POPULAR CHOICE FOR MEXICANS
Mexican nationals fleeing violence in their country are finding the E-2 investor visa an option for quickly coming to the US, according to an article in the Latin America News Dispatch.
# posted by Greg Siskind @ 8:12 PM
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Senators Richard Lugar (R-IN) and John Kerry (D-MA) have introduced the StartUp Visa Act of 2010. According to Senator Lugar's office:
Senators John Kerry (D-Mass.) and Richard Lugar (R-Ind.), the Chairman and Ranking Member of the Senate Foreign Relations Committee, today introduced legislation to drive job creation and increase America’s global competiveness by helping immigrant entrepreneurs secure visas to the United States.
The StartUp Visa Act of 2010 will allow an immigrant entrepreneur to receive a two year visa if he or she can show that a qualified U.S. investor is willing to dedicate a significant sum – a minimum of $250,000 – to the immigrant’s startup venture.
“Global competition for talent and investment grows more intense daily and the United States must step up or be left behind,” said Sen. Kerry. “Everywhere Dick Lugar and I travel for the Foreign Relations Committee, we see firsthand the entrepreneurial spirit driving the economies of our competitors. Creating a new magnet for innovations and innovators to come to the United States and create jobs here will offer our economy a double shot in the arm – robust job creation at home and reaffirmation that we’re the world’s best place to do business.”
“Our country should strive to attract to the United States the most talented and highly skilled entrepreneurs. We should channel the power of innovative thinkers from around the world and American investors towards creating jobs and encouraging economic growth and future prosperity,” said Ranking Member Lugar.
The StartUp Visa Act of 2010 would amend immigration law to create a new EB-6 category for immigrant entrepreneurs, drawing from existing visas under the EB-5 category, which permits foreign nationals who invest at least $1 million into the U.S., and thereby create ten jobs, to obtain a green card. After proving that he or she has secured initial investment capital and if, after two years, the immigrant entrepreneur can show that he or she has generated at least five full-time jobs in the United States, attracted $1 million in additional investment capital or achieved $1 million in revenue, then he or she would receive permanent legal resident status.
More than 160 venture capitalists from across the country have endorsed the senators’ proposal. That letter of support is attached.
Sunday, February 21, 2010
INFLEXIBLE E-2 VISA CAUSES HEADACHES FOR BRITISH FAMILY
The St. Petersburg Times reports on a fairly typical, but very tough issue facing many on the E-2 visa. The lack of a permanent residency conversion option and the fact that children lose their status as soon as they turn 21.
# posted by Greg Siskind @ 2:15 PM
Saturday, February 20, 2010
EB-5 INVESTORS TO FUND SEATTLE SKYSCRAPER
The new Federal Way Regional Center is embarking on an ambitious project. From the Seattle Post-Intelligencer:
Developers plan to build a 45-story hotel and condo tower in the Seattle suburb of Federal Way where the tallest building now is only nine stories. The Seattle Daily Journal of Commerce reports the Twin Development company plans a $235 million building that could open in four years.
Seattle developer Steve Smith is counting on Korean and other foreign investors to fund most of the project through the EB-5 Immigrant Investor program, which grants foreigners permanent resident status in exchange for investing in projects like the Sky Hotel and Residence.
Investors will likely have to shell out $1 million or more to get green cards for themselves and their immediate families. The investment is likely to go into a condo or two.
# posted by Greg Siskind @ 8:46 PM
Sunday, February 14, 2010
LAKE BUENA VISTA REGIONAL CENTER APPROVED FOR LOWER INVESTMENTS
I've received information from the Lake Buena Vista Regional Center in Orlando that the resort-based EB-5 investment has been approved for $500,000 investments. Previously, they were only able to accept $1,000,000 investments.
# posted by Greg Siskind @ 10:29 PM
Saturday, February 13, 2010
GREEN CARDS FOR GREEN CARS
The New York Times reports on Chinese investors pumping money in to the EB-5 regional center supporting Kinetic Hybrid Motors, Chinese-owned hybrid car manufacturer setting up operations in Mississippi.
# posted by Greg Siskind @ 5:37 PM
Sunday, February 7, 2010
E-2 INVESTOR VISA BECOMING POPULAR CHOICE FOR MEXICANS
Mexican nationals fleeing violence in their country are finding the E-2 investor visa an option for quickly coming to the US, according to an article in the Latin America News Dispatch.
# posted by Greg Siskind @ 8:12 PM
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Developers plan to build a 45-story hotel and condo tower in the Seattle suburb of Federal Way where the tallest building now is only nine stories.The Seattle Daily Journal of Commerce reports the Twin Development company plans a $235 million building that could open in four years.
Seattle developer Steve Smith is counting on Korean and other foreign investors to fund most of the project through the EB-5 Immigrant Investor program, which grants foreigners permanent resident status in exchange for investing in projects like the Sky Hotel and Residence.
Investors will likely have to shell out $1 million or more to get green cards for themselves and their immediate families. The investment is likely to go into a condo or two.
Sunday, February 14, 2010
LAKE BUENA VISTA REGIONAL CENTER APPROVED FOR LOWER INVESTMENTS
I've received information from the Lake Buena Vista Regional Center in Orlando that the resort-based EB-5 investment has been approved for $500,000 investments. Previously, they were only able to accept $1,000,000 investments.
# posted by Greg Siskind @ 10:29 PM
Saturday, February 13, 2010
GREEN CARDS FOR GREEN CARS
The New York Times reports on Chinese investors pumping money in to the EB-5 regional center supporting Kinetic Hybrid Motors, Chinese-owned hybrid car manufacturer setting up operations in Mississippi.
# posted by Greg Siskind @ 5:37 PM
Sunday, February 7, 2010
E-2 INVESTOR VISA BECOMING POPULAR CHOICE FOR MEXICANS
Mexican nationals fleeing violence in their country are finding the E-2 investor visa an option for quickly coming to the US, according to an article in the Latin America News Dispatch.
# posted by Greg Siskind @ 8:12 PM
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Sunday, February 7, 2010
E-2 INVESTOR VISA BECOMING POPULAR CHOICE FOR MEXICANS
Mexican nationals fleeing violence in their country are finding the E-2 investor visa an option for quickly coming to the US, according to an article in the Latin America News Dispatch.
# posted by Greg Siskind @ 8:12 PM
XML newsfeed
archives
December 2007
March 2008
July 2008
January 2009
February 2009
March 2009
April 2009
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