Tech Startups quitting the US to launch businesses in other overseas destinations

The hurdles for overseas entrepreneurs in the US are increasing and as a result tech start-ups are quitting the US to launch businesses in other overseas destinations. US ban on Muslim nation immigrants increased scrutiny of H1-B visas, and ambiguous future of the ‘startup visa’ or overseas entrepreneurial rule are further accelerating this trend. Given the uncertain ambiance with respect to travel and immigration, the experts at Silicon Valley have said that Tech start-ups are looking for other overseas destinations for business launches. A recent survey has also revealed that the percentage of overseas immigrant startup founders in the Silicon Valley is fast declining. The survey has also warned that this raises serious questions about the ability of the US in the global market to remain a competitive economy, as quoted by the Forbes. Notwithstanding the recorded advantages of immigration, US administration is taking an unfriendly view of immigration. It is not only curbing illegal immigration, even legal immigration to the US is seriously being curtailed now. The immigration process to the US has already become cumbersome. US Visa applicants are being asked extra proof making their job more complex as well as overseas recruitment. As a result, startups are exiting the US to launch businesses in other overseas destinations. Singularity University’s General Counsel Mabell Aguilar said that overseas start-ups are encountering more difficulties for their continuation in the US. Singularity University is an association that assists tech start-ups with incubation and diverse educational programs. General Counsel Mabell Aguilar also added that the number of inquiries from tech startups for assistance is increasing. She also elaborated that expert legal staff for applicants have been increased by the Singularity University. If you are looking to Study, Work, Visit, Invest or Migrate to the US, contact Y-Axis, the world’s most trusted Immigration & Visa Consultant.