The final H-1B modernisation rule, revises the definition of an employer. This will enable entrepreneurs to be eligible for an H-1B status – in other words, their own entity can sponsor them for this work visa. Elon Musk may have faced challenges in his immigrant path, if this new rule is not rescinded by the incoming Trump administration, it will help future entrepreneurs.
At present, the majority of the entrepreneurs enter the US on an H-1B visa and spend many years working for an employer before obtaining a green card – which alone enables them to set up their own venture. Given the decades-long wait time for an employment-linked green card for Indians, this policy change will help many aspiring Indian entrepreneurs.
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Helping international students navigate cap-gapIn the backdrop of this change, the US department of homeland security (DHS) stated,"If more entrepreneurs are able to obtain H1-B status to develop their business enterprise, the US could benefit from the creation of jobs, new industries, and new opportunities.”