Season Two: Episode Twelve — An overview of immigration law and how it affects entrepreneurs.
Episode Description: Nicole Gunara (Fordham Law ‘19) and Ashley Meadows (Fordham Law ‘20) interview Neil A. Weinrib, Managing Director at Neil A. Weinrib & Associates, about immigration law considerations for entrepreneurs, including the ability of foreign nationals to develop a business in the U.S., factors in employing foreign individuals, and options for raising capital through foreign investment incentive programs.
- [:30] Nicole Gunara and Ashley Meadows introduce the topic of immigration law and welcome Neil A. Weinrib, who emphasizes the need for entrepreneurs to understand immigration law.
- [3:10] Considerations for startups if a founding member is a foreign student, including the types of visas foreign students must maintain while in the U.S.
- [7:15] Assessments foreign students need to make after graduation when forming a startup while on OPT status or an H-1 visa.
- [13:10] Three standards that must be met to qualify for an O-1 visa and general application timelines.
- [18:32] Standards of the EB-1 visa and the status you will obtain from it, and whether it can lead to a green card.
- [21:52] The steps a foreign entrepreneur should take to determine if they qualify for a visa and the best place to seek advice for sponsorship.
- [27:11] Application expenses and legal fees that a foreign student can expect to spend on meeting visa requirements.
- [33:16] Foreign investors can utilize visa programs to fund projects in the U.S. with the use of EB-5 visas and targeted employment areas, if they meet hiring requirements.
- [42:12] Details of the E-2 investment visa program and where to find current and accurate information regarding the qualified countries list.
- [48:42] Main points for companies when considering hiring foreign nationals and information to request from potential employees.
- [53:25] Neil shares the path that led him to practicing immigration law and advice for law students who are considering the field.
Mentioned in This Episode:
- Fordham’s Entrepreneurial Law Clinic
- Follow us on Twitter @FordhamELC
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Startup LAWnchpad is the podcast that educates entrepreneurs about forming, growing, and protecting a startup. Startup LAWnchpad is produced by the Entrepreneurial Law Clinic at Fordham University School of Law in New York City.