Immigration reform in new US Act aims to strengthen startups, ease green card access for STEM doctorates
The Act will revise the Immigration and Nationality Act for giving startup visas. The ‘W’ classification visa will be ordered into three classifications explicitly W-1, W-2, and W-3.
W-1 visa will be given to outside nationals who have a possession interest in new businesses, W-2 visa is for staff basic for the activity of the startup, and W-3 visa for the life partners and offspring of W-1 and W-2 visa holders.
The far-off nationals ought to have something like a 10% stake in the beginning up alongside $250,000 of qualifying speculations from a US resident or affiliation or $100,000 in government awards or grants or awards in the 18-month time frame going before the date of the request.
The Act furthermore eliminates any cutoff to green card issuance to individuals who hold a doctoral certificate in STEM from a US college or an identical unfamiliar organization.
Likewise, the Act has arrangements for Hong Kong inhabitants who wish to remain and work in the US.
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