The “start-up visa” policy aimed at attracting talented foreign residents to the United States was delayed instead of being implemented on July 17 as expected. The reason Trump put out is to limit the influx of immigrants into the United States.
The start-up visa program, known as the International Business Law and widely praised by Silicon Valley tech community, was the start of a business visa policy adopted at the end of Barack Obama’s term.
According to the start-up visa program, to qualify for this visa, entrepreneurs must own at least 15% of a US start-up company, demonstrate their growth potential, raise capital from leading American investors and can bring “great benefits to the United States.” This law allows them stay in the US up to 2 years. After that, they can apply for an extension of three years if the company demonstrates growth and benefits to the American people, such as creating jobs, revenue, and increasing capital investment. At that time, the US government estimated that about 3,000 businesses qualified for this visa. The program is scheduled to be launched on July 17th this year.
However, just recently, the administration of President Donald Trump has announced delaying the plan to grant business visas initiated by the predecessor government. The White House has announced that it will suspend its implementation by March 14th , and will review the program during that time. The reason Trump put out is to limit the influx of immigrants into the United States.
President Trump eliminated policies from the era of President Obama to restrict immigration to the United States.
Tech community is upset by the delay in starting a business visa program.
The Seattle Times also noted the anger of Seattle’s tech leadership following the government’s decision.
Michael Schutzler, head of the Washington Technology Industry Association, who also helped build the entry-level business visa law, said: “A lot of people want to start a business, but our current visa regime is basically banishing those entrepreneurs, which is really crazy. “
According to Schutzler, immigrating entrepreneurs make up a large proportion of the business people who have been contributing to Seattle’s industry.
Therefore, if the US visa policy does not encourage them to start a business in this country, of course they will find another place.
In fact, this is just another of the measures the Trump administration has taken to prevent the influx of immigrants to the United States, despite opposition from business organizations.
Right from President Trump’s entry ban on citizens from six nations with the majority of Muslims, a number of US companies have voiced their opposition.
More than 160 tech companies, including Amazon, Facebook and the Alphabet, jointly defied Trump’s immigration executive ordinance.
As well, US technology firms have responded harshly to the decision to restrict the issuance of H-1B visas to high-level foreign workers issued by the government.
IBID specializes in consulting immigration investment in the US, Australia, Canada and Europe.
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