On February 4, 2022, the House of Representatives passed the American Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength Act (known as the America COMPETES Act of 2022). The bill is aimed at “outcompeting China and the rest of the world in the 21st century.” Title III of the COMPETES Act adds
Entrepreneurs
Qualifying International Entrepreneurs Must Meet New Dollar Amounts Beginning October 2022
By Forrest G. Read IV on
New dollar eligibility criteria for investment amounts, qualifying investors, and re-parole considerations under the International Entrepreneur Rule (IER) will take effect on October 1, 2022.
The Biden Administration relaunched the IER in May to grow the economy through job creation. The IER makes it possible for certain promising start-up founders and entrepreneurs to come to…
Immigration and Labor Shortages
The effects of the COVID-19 pandemic are far reaching. The labor shortage plaguing America has been one of the most publicized. Why is it so difficult for some employers to find employees? The 2020 United States Census offers possible reasons: an aging population, decreased fertility rates, and low rates of immigration.
The 7.4% population…
Relaunch of Program to Attract International Entrepreneurs
By Forrest G. Read IV on
The Biden administration is breathing life into the International Entrepreneur Rule (IER). It has announced that the IER will be launched anew, because it will “strengthen and grow our nation’s economy through increased capital spending, innovation, and job creation.”
Although there were stops and starts, the IER was never actually eliminated by the Trump administration.…
Changes to EB-5 Investor Visa Program
By Minnie Fu on
USCIS has published its new final rule significantly changing the EB-5 Immigrant Investor Program to address concerns about fraud, abuse, and national security risks. The new regulations will become effective on November 21, 2019.
The EB-5 Investor Visa Program was created almost 30 years ago to incentivize foreign investments and create jobs in the United…
E-1/E-2 Treaty Visas Option for New Zealanders
By William J. Manning on
The U.S. Ambassador to New Zealand, Scott P. Brown, has announced that eligible New Zealand nationals may apply for E-1/E-2 Treaty Investor Visas:
…
Continue Reading E-1/E-2 Treaty Visas Option for New Zealanders
Other Countries Lay Out Welcome Mat to International Entrepreneurs as U.S. Draws Back
By Jackson Lewis P.C. on
While the Trump Administration is making it more difficult and less attractive for entrepreneurs to start their businesses in the United States (in the name of “Buy American and Hire American”), other countries are rolling out the welcome mat to entrepreneurs.
In May 2018, the Administration proposed a rule to remove President Obama’s…