The United States, the world's largest and most dynamic economy, continues to offer unprecedented opportunities to immigrants.
While most of these immigrants are skilled migrants focused strongly on the IT and tech sectors, a lesser-known fact is that many are entrepreneurs who play an important role in innovation and entrepreneurship.
According to William Kerr from the Harvard Business School, today, roughly 25% of inventors and entrepreneurs in America are foreign-born.
This share was around 10% in the 1970s and has grown substantially since then.
This group contributes to most sectors of the economy, from low-skill service industries to cutting-edge high-tech venture capital-backed companies.
According to Kerr, one estimate suggests that 30% to 50% of US productivity growth from 1990-2010 was due to skilled immigrants and their impact on productivity.
He also stated that immigration has played a significant part in shifting innovation in the US toward tech hubs like Boston, Seattle, and San Francisco.
It stands to reason that there’s never been a better time for Indian entrepreneurs to start a business in the US and partake in everything the US offers.
That’s because, in an increasingly turbulent world, America still delivers.
The good news is also that the Indian American diaspora is flourishing. 4.9 million Indians live in the US today and constitute the most economically successful ethnic group in that country.
Furthermore, entrepreneurship is integral to the US, offering easy access to capital and a robust financial infrastructure.
Established Indian entrepreneurs can start a business in the US and work towards permanent residency by first using the L-1A visa for quick entry, then transitioning to an EB-5 visa.
This path leverages the US's vast market and funding opportunities to transform ideas into viable businesses.
After applying for an EB-5 visa, immigrant investors can benefit from Advanced Parole and an Employment Authorization Document (EAD).
Advanced Parole allows short to medium-term travel without jeopardizing their visa status. The EAD provides unrestricted work rights, enabling them to obtain a social security number and open a bank account.
These benefits are available upon a successful Adjustment of Status application if visas are available.
Source : https://economictimes.indiatimes.com/nri/migrate/starting-up-in-the-us-a-entrepreneurs-path-to-the-green-card/articleshow/111779430.cms
