What are the best visas to start a business in the US
If you have thought about venturing into a certain business, you have asked yourself what are the best visas to undertake in the USA. Hispanic Entrepreneurs gives you more information about it so that you have a clear idea of how to proceed.
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The trend of the incursion of immigrants as entrepreneurs in the United States continues to grow. According to the National Bureau of Economic Studies, 25% of new businesses are in charge of this sector. In New York and California they reach the highest percentage.
But immigration laws are becoming more demanding and there is no visa for entrepreneurs to easily develop. So these must be governed by the existing immigration system that is increasingly difficult to access. The hope is to request business visa or other similar ones.
What are the best visas to start a business in the US
Although the US immigration system is very demanding, there are visas to undertake in the US Non-migrant visas allow the person to work temporarily. Permanent residents can live and work indefinitely.
One of the options to enter the country to do business is the extraordinary abilities visa (EB-1). It can be requested by people who prove they have extraordinary talent for their business.
Although it is generally issued to winners of Nobel prizes, Pulitzer or artists. Entrepreneurs who have the talent to quickly grow their business ideas can also opt for this.
The skills assessment scores if you are accepted by a recognized entrepreneurship incubator. If you are hired as a speaker for a high-profile industry. If your company has appeared in an internationally recognized magazine or newspaper.
As well as whether you can prove that the business is worth a million or a trillion dollars. If you have received a prestigious award in the United States or from another country. Or if you own copyright or registered patent. But it must be taken into account that the selection criteria are subjective, which makes obtaining them more difficult.
Whereas, the investor visa gives you access to the country in exchange for investing in companies that produce jobs. In this way you have two options: The EB-5 visa for which 900 thousand and 1.800.000 million dollars are invested and create 10 jobs for Americans. It gives the right to have a residence card.
And the E-2 visa for which the country of origin must have an investment agreement with the United States. The investment must be substantial and sufficient to ensure a successful operation. The investor must have control of the funds, the company must generate income greater than that necessary to support the family. It must also have a significant economic impact on the country.
Startup Visa
This is a viable immigration route to settle in the United States and start your own business. The International Entrepreneur Rule repealed by Donald Trump was restored in May 2021 by President Joe Biden.
This allows foreign creators of emerging companies (startups) permission to work in the United States. You get it if you show that the company will be beneficial to the American public.
Those who are outside can opt for a “startup visa”; but they have investments in the country. Those who attend American schools and are part of a startup team. Those who have H-1B, L-1, O-1 and E-2 visas who want to start their own company with a US investor fund.
Savings needed for the visa
To apply to enter the program you must have raised $ 250 from a qualified investor. Another option is to have $ 100 from awards or grants from a municipal, state, or federal program.
They also require that you own at least 10% of the business, that you have an income 400% above the poverty line and that you be key in the business. The spouse will be given a work permit, a benefit that other visas do not have.
At the beginning it will be delivered for two and a half years, extendable for the same time. But in the hope that after 5 years you will qualify for another visa category or a green card.
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