Startup hot spots, circle your wagons: The Canadians want to poach your immigrant entrepreneurs who can’t get permanent residency. That stalled Startup Visa that U.S. entrepreneurs and investors have been lobbying for, good luck with that, you can imagine the Canadians saying as they head south to woo founders.
For readers unfamiliar with the U.S. Startup Visa, it’s proposed legislation to allow an immigrant entrepreneur to receive a two-year visa if a qualified U.S. investor is willing to invest in the immigrant’s venture. The legislation doesn’t create new visas; it takes existing ones from an old, underused program that essentially lets wealthy foreigners buy permanent resident status in the U.S.
