Start Up Visa Act of 2010

Senators John Kerry (D-MA) and Richard Luger (R-IN) introduce a new bill in the Senate that would make obtaining the EB5 investment visa easier by loosening the requirements already in place. The EB 5 investor visa program is an excellent opportunity for foreign nationals to obtain permanent residency and a US Green Card through a qualifying financial investment in the United States.

The new legislation would grant foreigners a US visa if:

• they can invest $100,000 from a sponsoring angel investor or $250,000 from a qualified venture capital firm
• 5 new jobs must be created within a 2 year time frame
• qualified business receiving the investment must raise or generate $1 million in revenue

EB5 Visa Help:

The Startup Visa Act of 2010 hopes to bring new companies to the US provided they can provide proof of funding from a US ‘angel’ investor or qualified venture capital firm. To better understand the process and paperwork involved, it is imperative to use an experienced EB5 attorney when dealing with a monetary investment of this magnitude. An EB5 attorney can assist you with the following:

• keep foreign investor up to date on any changes in the EB5 visa requirements
• assist in choosing which regional investment centers are best suited for your investment
• provide full disclosure on all requirements, fees, paperwork necessary, limitations and time frame
• ensure all paperwork is correct, complete and filed on time
• follow up with USCIS

To find out more about the new legislation, please visit the Startup Visa Act of 2010.

As with all immigrant visas, the application process is complicated with plenty of documentation required in order to be considered. An immigration attorney experienced in EB-5 visas can ensure proper filing of the multiple applications and speed up the process.Phelps Attorneys is a California immigration firm serving clients all over the world. Our Lawyers are leading authorities on the EB 5 visa process. For more information contact us today to request a meeting or phone call; we will call you anywhere in the world at no cost to you!