The US Govt is now offering “Entrepreneur Visas” for up to 5 years to Founders and their family members...
👉🏼 A number of Indian entrepreneurs build products for a global market... it’s especially common in SaaS... which requires them to set up an entity in the US, maybe visit a few times for client meetings, and getting a visa is considered a big hurdle to cross
👉🏼 The US govt has started an “International Entrepreneur Parole”, which allows a 2.5 year resident visa with a 2.5 year extension for up to 3 co-founders, as well as a visa for the spouse who may get employment permit for the US. And of course, children will be given visas too.
👉🏼 The conditions include the entrepreneur to set up an entity in the US within the past 5 years of applying for the visa
👉🏼 The founder must own at least 10% equity in the startup entity in the US
👉🏼 The entity must demonstrate substantial potential for rapid growth and job creation by showing at least $264,147 in qualified investments from qualifying investors, at least $105,659 in qualified government awards or grants, or alternative evidence.
Look up the International Entrepreneur Rule on the US Citizenship and Immigration Services website.
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A Chartered Accountant with about 10 years of experience in areas of Tax Advisory, Startup Consulting, Fundraising, Audits, Deal Advisory, Business Modelling and contract CFO services.
Winner of the ISB Young Leader Award 2017 and the Best All Rounder, PGP Class of '17, Sarthak has also been published about in the leading financial newspapers such as The Financial Express as possibly the youngest Indian to have completed the courses of CA, CS and CMA along with a graduate degree in Financial & Investment Analysis from University of Delhi, all by the age of
@__ansh
1 month ago
Don't know we should be happy or sad after this news. Cause they(America) is having better opportunities than India for start ups. It means that more brilliant brains of India will go out. Why not Indian start up eco give same opportunities so not even Indians but also outsider set up their business in India. 😐
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