Biden's Influence on Immigrants

The Biden administration in the United States is considering restarting the immigrant entrepreneurship visa that was put on hold during the Trump administration, providing opportunities for foreign entrepreneurs to set up and operate companies in the United States. On Monday (May 10), the US Citizenship and Immigration Service (USCIS) announced that it would withdraw the Trump administration's order to cancel the international entrepreneur rule. Some immigration lawyers said that the project may attract a large number of China entrepreneurs to invest in the United States.

According to the estimation of the US Immigration Bureau, if the project is properly implemented, about 3,000 foreign entrepreneurs will be granted "privileged entry" every year. According to the estimate of New American Economy, an American non-partisan research and immigration advocacy organization, the project will create 1.35 million to 300,000 jobs for the United States within ten years.

Obama hinted that the Trump era was stagnant.

The International Entrepreneur Rules was first promulgated by the Obama administration in June 20 17, and it is planned to take effect in July of the same year. Under this scheme, as long as foreign entrepreneurs own at least 65,438+00% of the shares of the start-up company, and the company can attract at least 250,000 US dollars of capital injection from American investors, or get at least 6,543,880,000 US dollars of subsidies from the US federal or local government, they will have the opportunity to obtain "parole" for temporary residence in the United States for five years, so as to cultivate and develop the company in the United States and create employment opportunities.

However, during Trump's administration of 2065438+May 2008, the Department of Homeland Security (DHS) issued a proposed rule of "canceling the privileged entry project for international entrepreneurs". The Trump administration said that although they agree that foreign entrepreneurs can make substantial and positive contributions to innovation, economic growth and job creation in the United States, the "privileged entry" full of uncertainty is not a suitable tool to attract and retain foreign entrepreneurs, American immigration and nationality law.

In addition, the concession entry project itself will not grant a green card or provide a way to obtain a green card. After the completion of the project, if the entrepreneur fails to obtain a US green card or other visas through other channels, he needs to leave the country. This may cause entrepreneurs to transfer their business to other countries, making it difficult to maintain the "significant public interest" given to the United States, and may in turn harm the interests of American investors and employees.

It is reported that under such strict conditions, from 20 17 to 20 19, the US Immigration Service only received 30 applications, and only one was successfully approved.

Applicants can get special permission to enter the country.

According to lawyers, the "international entrepreneur rules" are usually considered as the "entrepreneurship visa" project in the United States, but in fact, the "privileged entry" that entrepreneurs get is neither a visa nor a green card.

Chartered entry basically means giving foreigners the status of legally staying in the United States and the work permit (work permit) bound by this status. Moreover, the approval of privileged entry is completely decided by immigration auditors, which is different from visa approval.

Under normal circumstances, most of the licensed immigrants are for humanitarian reasons, or the immigrants can bring "significant public interests" to the United States.

According to the "International Entrepreneur Rules", each startup can grant up to three co-founders "privileged access", and the first entry time is 2.5 years. If, after two and a half years, the entrepreneur can prove that his company can continue to bring "significant public benefits" to the United States-for example, it shows that the company's income, employment opportunities created and capital injected have increased significantly, he may get a franchise extension of up to two and a half years.

After the expiration of five years, if the entrepreneur fails to obtain an American visa or green card through other channels, he needs to leave the country.

The main beneficiaries may be international students in the United States.

Lawyers said that international students in the United States are likely to become the main group applying for "entrepreneurial franchise entry". Since the tightening of the H- 1B work visa during the Trump administration, many foreign students' work plans in the United States have been impacted. The establishment of the "International Entrepreneur Rules" has given those international students who have entrepreneurial dreams a way to stay in the United States.

Another group that can benefit from the "international entrepreneur rules" is H- 1B visa holders. If you want to start your own business and become an employer after accumulating certain work experience, you can leave your original employer and give up your H- 1B visa through the "International Entrepreneur Rules".

It will bring many opportunities to entrepreneurs in China.

It is understood that a large number of China people have applied for EB5 investment immigration projects in the United States, and the quota has been overdrawn in advance. The "International Entrepreneur Rules" can provide China people with entrepreneurial intentions with another way to realize their entrepreneurial dreams in the United States.

Lawyers said that immigrants from China are one of the most successful immigrant groups in the United States, and a large number of scientific and technological talents from China and entrepreneurs from China have made great contributions to the United States.