E-2 visa helps many non-U.S. citizens start small firms

E-2 visa helps many non-U.S. citizens start small firms.

Los Angeles Times article revisits an old standby, the E-2 visa, aimed at small business entrepreneurs.

A few things to keep in mind about the article:

1) It discusses a $50,000 minimum investment, but that number was plucked from a now unpublished guidance memo.  The minimum varies from consular office to consular office and the business being proposed, but oftentimes it is much higher than the $50,000.

2)  The E-2 only works if the foreign national’s country has an E-2 treaty in place.  Check this list from the US  State Department to make sure you qualify:

Official List of E-2 Treaty Countries

H1-B numbers: Canary in the Mine?

There used to be a time when there was an actual lottery for the 65,000 H1-B slots.  A few years ago, USCIS would get 120,000 application on the second day of accepting applications (April 2nd) and then shut down accepting any more applications.  A lottery would ensue — giving one a rough 2 to 1 chance to even get _accepted_.

For fiscal year 2011, when applications were accepted on April 1, 2010 to begin work on Oct. 1, 2010 — the cap was not reached until January of 2011.

This year, as of May 15, 2011, only 10,000+ applications have been received.

I would imagine that an increase in H1-B numbers, if it happens, will be a good indicator of a true economic recovery in the US.

NY Times: Obama Sets Immigration Changes for 2010

44th President of the United States
44th President of the United States

The New York Times has an article discussing Obama’s declaration that any real discussion of immigration reform has to be postponed at least until next year.

Depending on how you look at the situation, it’s promising that the President is still addressing the need for comprehensive immigration reform.  Or it’s frustrating that it has been officially pushed back to next year.  Given the complex nature of any proposed reform and the political capital he is currently expending to reform health care in the United States, it is an understandable delay.

Click here to read the full article.