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Expatriate Health Insurance News: Website launched to help foreign entrepreneurs set up in the US

A new website has been set up by the US government in a bid to attract more entrepreneurs to the country to set up businesses.

The administration is helping expatriates to navigate its immigration system as it sees such input from abroad as a good way to help grow the American economy.

Entrepreneur Pathways sets out the options which are available to businesspeople thinking of entering into the US, reports the Telegraph.

It helps them to establish the type of visa which would best suit their needs and give details of all of the steps they must follow in order to apply.

Alejandro Mayorkas, director of the US Citizenship and Immigration Service, told the news provider: "Through our innovative Entrepreneurs in Residence initiative, we are working to realise our current immigration system’s full potential to attract and retain start-up enterprises that promote innovation and spur job creation in America."

Experts in immigration have welcomed the resource, saying that it will prove useful, but if the US is serious about attracting more expats to start businesses then it will have to go further.

Fundamental changes to immigration law will need to come about if foreign entrepreneurs intend to come to the States in large numbers.

One of the major stumbling blocks is that there is not a specific visa which is aimed at entrepreneurs and many of the options which are available are simply not viable.

For example, the EB-5 investor visa would work, but it is unlikely that an entrepreneur looking to set up in the US will have the finances to pay the $1 million (£0.62 million) price tag which is attached to it.

Another alternative is the cheaper E-2 investor visa, but it is only available to citizens from certain countries and does not allow permanent residency as an eventual outcome.

Eleanor Pelta, a partner at law firm Morgan Lewis and a spokesman for the American Immigration Lawyers Association, said: "Our antiquated immigration statute does not really accommodate the immigration needs and situations of 21st-century entrepreneurs and business founders."

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