NFAP suggests Entrepreneur Visa program

A new report from the National Foundation for American Policy (NFAP) urges Congress to establish an entrepreneur visa program to foster job creation. The entrepreneur visa would allocate 10,000 visas per year to foreign citizens allowing them conditional residency in the U.S. The intending immigrant would be required to present a business plan to be evaluated by the U.S. Small Business Administration. Conditional status would be removed and a green card awarded after two years if the individual satisfied the terms of the visa by creating three or more non-relative U.S. workers.

The proposed entrepreneur visa program is separate from the EB-5 investor visa. The current investor immigrant visa program requires a capital investment of $500,000 or more and is out of reach for most prospective immigrants. There is no minimum capital requirement specified in the entrepreneur visa program. Check out the press release from the NFAP website: http://www.nfap.com/pressreleases/NFAP092010.pdf

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Bruce Coane is a leading lawyer with 30 years of experience in the field of immigration law and employment law. He may be reached via email at houstonlaw@aol.com or his website at Coane and Associates.

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