When Gaurav Patel was looking to hire an engineer for his medical device startup in Houston this year, he searched for an American citizen because the tiny company didn’t have the budget to sponsor a foreigner for a work visa. But though he cast a wide net, 80 percent of the eligible pool turned out…
Overview of Tax Implications of Gaining Permanent Residence through the US EB-5 Visa EB-5 Visas allow foreign entrepreneurs and business owners to acquire conditional residency in the United States of America, which can be followed by an application for permanent residency in the country. The economic opportunities and the political freedom that the United States…
The U.S. allots 85,000 new H-1B visas per year, mostly to workers in technology, engineering, science and research. Demand typically far exceeds the cap. Applications for specialty-worker visas opened Wednesday, kicking off a high-stakes race for foreigners hoping to enter or temporarily stay in the U.S. The U.S. allots 85,000 new H-1B visas per year, mostly to workers in technology, engineering,…
Companies that want a temporary work visa for potential foreign hires will today begin applying to the U.S. Citizenship and Immigration Services. The demand for the 85,000 available slots will likely be high, if previous years are any indication. The agency expects they will reach that number of requests in five business days, Politico’s Morning Tech…
Tucked away in the Senate’s bipartisan, immigration reform legislation of 2013 was an obscure provision referred to as “recapture.” The measure, which directs the State Department to allocate unused visas that failed to be issued due to bureaucratic shortcomings from 1992-2013, would help clear the green card backlog and result in roughly 200,000 — 250,000…
Today, the U.S. government will begin to accept applications for the skilled H-1B guest-worker visa. H-1Bs are employer-sponsored visas that run for three years and can be renewed once. In recent years, applications for the H-1B have been filled in a few days as there are only 85,000 available for employment in private companies. H-1B…
After months of U.S. Citizenship and Immigration Services (USCIS) processing and likely several thousand dollars, you or your family member has received “lawful permanent resident status” or a “green card.” This is the immigration equivalent of a “golden ticket” because it means two very important things: You can live and work in the U.S. without regard…
Editor’s note: Max Levchin is the CEO of Affirm, co-founder of PayPal, Chairman of Yelp & Glow, and Director at Yahoo and Evernote. We often hear that America is a nation of immigrants, but some members of Congress have forgotten the simple truth – immigration is our country’s single greatest competitive advantage in a growing global…
Napster founder Sean Parker and a group of major players in the Silicon Valley tech scene have launched a new “ideas laboratory and advocacy organization” called the Economic Innovation Group in Washington, D.C. to promote the kind of agenda in Congress that the entrepreneurs backing the group have been pushing for for a while, with…
A new bipartisan think tank with a focus on creating better opportunities for startups and small businesses is launching in Washington, D.C. today with backing from Silicon Valley. Sean Parker, Ron Conway and other well-known tech figures have aligned themselves with several academics and Washington policymakers to form the Economic Innovation Group (EIG). This is…