The downturn in the global economy is seeing countries compete for the best talent and investors to boost the economy. The US introduced a Start-Up Act in 2010 which has been re-introduced a couple of times, including the Start-Up Act 2.0 as seen last week. A month or so ago, Canada introduced a similar bill. A few months ago, the UK fast-tracked their entrepreneur bill and in fact has already implemented their version of an entrepreneur visa (the visa has had mixed reactions). Ireland not so long ago introduced something similar. Now, Australia has entered the competition and in fact will implement their new law on July 1, 2012. You can search through this blog to find information on each one of the above country issues. Watson Immigration Law hopes that the US will pass some version of the Start-Up Act 2.0 as soon as possible, as it is unquestionable that we are losing out in the global competition to retain skilled people to invest and open their own businesses which in turn will create much needed jobs in the US.
Here are a few links to the latest investor visa news in Australia:
1. Link #1
2. Link #2
3. Link #3
4. Link # 4