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Start Up Immigration | San Diego Visa Lawyers Law Offices of Jacob J. Sapochnick Schedule a Consultation: 1.866.488.1554 Tap Here To Call Us San Diego Visa Lawyers Law Offices of Jacob J. Sapochnick Home Contact Del Mar, California Immigration Attorney Law Offices of Jacob J. Sapochnick Home Our Law Firm Legal Consultation Services Ask An Immigration Lawyer Processing Times Resources Blogs Contact Us Schedule a Consultation 866.488.1554 619.819.9204 Home Services Start Up Immigration Start Up Immigration Facts and Figures well-nigh Start Up ImmigrationImmigrants have wilt a significant driving gravity in the megacosm of new businesses and intellectual property in the U.S.Each year, start-ups add an stereotype 3 million new jobs to the American economy. Firms of all other month lose an stereotype 1 million net jobs per year.Immigrant entrepreneurs subsume a large portion of start-ups. In fact, equal to a recent study, increasingly than half of the Silicon Valley start-ups had at least one foreign-born founder, and wideness the country the icon was just over one-quarter.2 These were uncanny findings given that just 13 percent of the U.S. population is foreign-born.According to the National VentureWantedAssociation, over the last 20 years, immigrants have founded, or helped to found, 25% public U.S. companies that were backed by venture wanted investors. This list includes Google, eBay, Yahoo, and Sun Microsystems. 3Another recent study found that 40% of Fortune 500 firms were founded by immigrants or their children. The study moreover found that seven of the ten most valuable brands in the world were founded by such individuals. 4Immigrants are vital for the U.S. economy for many reasons.First, immigrants establish businesses that provide goods and services and create jobs for Americans. The Fiscal Policy Institute found that small businesses owned by immigrants directly employed an unscientific 4.7 million people in the United States.Second, immigrants generate substantial revenues for the U.S.Equalto the latest estimates, these small businesses created by immigrants generated increasingly than $776 billion in revenue annually. 5Third, immigrants are generators of new ideas and technology that increases the U.S. competitiveness internationally. The Partnership for a New American Economy found that foreign-born inventors were credited with contributing to increasingly than 75% of patents issued to the top ten patent producing universities. 6 Many of our most productive scientists and engineers are foreign-born, keeping the United States at the forefront of global innovation.In summary, it is well-spoken that immigrants contribute profoundly to the U.S. economy, creating jobs and facilitating productivity and innovation. The potential for growth of the U.S. economy with the help of immigrants is enormous.Current State of the Immigration Law and What the Future Holds: Immigration Reform is a MustFor the first time in decades, the number of high-tech, immigrant-founded startups — a hair-trigger source of fuel for the U.S. economy — has stagnated and is on the verge of decline. The reason for it is the current trends in the immigration law and policies. 7Current state of immigration law for foreign-born entrepreneurs is restricted by per-country backlogs, expressly for Indian-and Chinese-born immigrants, visa restrictions and inability to obtain employment for spouses.Removing the roadblocks that inhibit merchantry startups and encouraging entrepreneurs to start businesses of their own is necessary to revive the U.S. economy.Changes in policies and new visa options will profoundly goody the U.S. to vamp highly-skilled talent and entrepreneurs who will facilitate innovation and create jobs for Americans.In the last two years, Congress has had a number of immigration proposals concerning immigration for high-skilled workers and start-ups. However, till stage the immigration reform that would loosen visa restrictions, create a special visa for start-ups or indulge for spare visa numbers, and streamline processing of employment-based untried cards, has not passed.In sparsity of a special start-up visa, entrepreneurs are forced to rely on the current visa options available. We will update our readers once there are any advancements with the immigration reform.Visa Options for Start Ups and EntrepreneursBelow are the most popular U.S. visa options that are currently misogynist for foreign entrepreneurs:H-1B Specialty Occupation VisaL-1 Intracompany Transferee VisaE-2 Treaty Investor VisaO-1 Extraordinary Ability VisaB-1MerchantryVisitor Visa2 American New Immigrant Entrepreneurs” study by Vivek Wadhwa.3 National VentureWantedAssociation, “American Made: The Impact of Immigrant Entrepreneurs and Professionals on US Competition,” p.6, http://www.nvca.org/index.php?option=com_docman&task=doc_download&gid=331&ItemId=93.4 Partnership for a New American Economy, “The ‘New American’ Fortune 500” (June 2011), http://www.renewoureconomy.org/sites/all/themes/pnae/img/new-american-fortune-500-june-2011.pdf.5 Gene Sperling, “The Economic Case for Commonsense Immigration Reform” (March 13, 2013), http://www.whitehouse.gov/blog/2013/03/13/economic-case-commonsense-immigration-reform6 Partnership for a New American Economy, “Patent Pending: How Immigrants Are Reinventing The American Economy” (June 26, 2012), http://www.renewoureconomy.org/index.php?q=patent-pending.7 Kauffman Foundation Study “Immigrant Entrepreneurship Has Stalled for the First Time in Decades Contact Us Schedule a Consultation 866.488.1554 Name (Required) Email (Required) Phone (Required) Message Enter text from the Image Above: Please enter the text from the image on the left. 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