StartUp Visa Act of 2010

Today Senators John Kerry and Richard Lugar introduced the “StartUp Visa Act of 2010,” which proposes a new EB-6 category visa for immigrant entrepreneurs. While EB-5 gives visas to immigrant investors who contribute capital ($500,000 or $1 million) to US enterprises, EB-6 would give visas to immigrant entrepreneurs with startup ventures that attract US investors (willing to invest at least $250,000). EB-5 immigrants receive permanent residency after two years if the invested enterprise generates at least 10 full time jobs; EB-6 immigrants would receive permanent residency after two years if the enterprise has generated at least five full-time jobs, attracted $1 million in additional investment, or achieved $1 million revenue. This idea has been generating buzz for months, and more than 160 venture capitalists from across the country have endorsed the senators’ proposal.

About Suzanne (www.lucidtext.com)
Lucid Professional Writing provides writing and editing services for businesses and scholars, and specializes in assisting clients to prepare business plans for filing with U.S. Citizenship and Immigration Services.

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