What Awaits You in the US with the O-1 Visa?
If business is your big idea, the US is undoubtedly the place, where you’ll find yourself one day. The world’s biggest innovation powerhouse, and a home to tech hubs of New York, Boston, Austin, and Silicon Valley, the country offers unprecedented opportunities for business development, especially in tech. The US leads in global innovation rankings, with American companies spending over $580 billion on research and development annually, which is the highest rate in the world.
If that’s not enough, here are a few more points to set the country as your global destination.
Entrepreneurial Spirit
In every way, US regulations encourage startup formation and growth. Setting up a business can be done in a matter of days, with low costs and no unnecessary bureaucracy. The country also supports a variety of business structures, would it be Sole Proprietorship, LLC, or several types of big corporation design, each with different levels of flexibility, protection, and tax implications. You are to choose any which suits your business goals best.
Labour Laws
With its “at-will” approach, the US labour market is one of the most flexible globally. Workers can terminate their job contract at any time to respond to new opportunities. This also encompasses easy promotions, job transfers, spontaneous collaborations, and so much more. Such unprecedented flexibility assumes you’ll have no holdups in your professional journey.
Taxes
First, of all the US actively supports R&D, which is for sure, the cornerstone for the companies’ development. You can return up to 13% of R&D expenses, majorly enhancing your growth potential. Personally, you have a fixed non-taxed income of $13,850. What’s more, if you come with a family, your joint untaxed annual income is $27,700. These are only a few examples of numerous available cost returns for both individuals and businesses, aimed at maximising your financial sustainability.
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Business Support Ecosystems
The US has the world’s most robust ecosystem of support for businesses, the largest venture capital market, angel investors, and a wide variety of grants, and business incubators. The biggest accelerators eager to support your ventures are Y Combinator, TechStars, and 500 Global, which programme, by the way, we’ve joined recently.
O-1 Visa Opportunities
The United States provides several visa categories for tech professionals and entrepreneurs, and the O-1 is probably the most attractive one. It’s not tied to a single employment and allows one to pursue any career opportunity. The visa is especially friendly for entrepreneurs and stratupers, provides family support, and importantly, paves a direct way to the Green Card. You can find out more about the visa, its specifics, and criteria in our recent posts.
Today, we’ve gathered all our expertise, to make your journey towards the O-1 visa in the US seamless, caring, and efficient. We’re eager to support you in, perhaps, one of your most important career efforts.
Check our new O-1 webpage and grab our unique offer of building an exceptional portfolio for the visa!