Immigration Lawyers notebook the Startup Visa act of 2012

working as an immigration lawyer San Francisco, I 'm interested how immigration policy can help or hurt the struggling economy. Has introduced a bi-partisan Bill, Visa launch 2010, by Senator John Kerry (D-mass) and Senator Richard Luger (R-Ind). The Bill is intended to help global operators in obtaining U.S. visas.This isn t a ' open door policy simple. A foreign entrepreneur can be granted a temporary two-year (now designated as seen from EB-6) if they are able and willing to invest $ 250,000 in a business that they're going to boot. This can lead to a permanent visa.To be eligible for permanent legal status, an entrepreneur must have achieved one of the following after two years:• Five Full time jobs are made in the USA• Managed to raise $ 1 million in cash of additional investments.• $ 1 million in revenue generated.It was approved by more than 160 venture capitalists from around the world. This Bill can, of course, have an impact on the economy in the area of San Francisco, as well as my practice as an immigration lawyer. At this point frequently is difficult to estimate how many entrepreneurs can take advantage of this opportunity.