Why The US Is Losing Immigrant Entrepreneurs To Other Nations

Interesting longish read on how USA is becoming less attractive given immigration restrictions, and how other countries, including Canada, are benefitting:

John S. Kim, cofounder of Sendbird, which offers real-time chat and messaging for mobile apps and websites, relocated from his native South Korea to San Francisco five years ago.

He wanted to be close to his U.S. customers like Yahoo, Reddit and Headspace,have access to Silicon Valley venture capital, hire American engineers and expand his company here. He easily obtained an L-1 nonimmigrant visa for foreign executives, given that he’d first started the business in South Korea, but by 2019, he had only one extension left. He applied for a green card to get legal permanent residency—and received a letter that he’d likely be denied. “Notice of intent to deny is, ‘We’re going to kick you out; change our mind,’ ” he says. “We had raised $100 million–plus in financing, we had real revenue in the tens of millions of dollars, we were creating jobs. It was a slap in the face, for sure.”

Source: Why The US Is Losing Immigrant Entrepreneurs To Other Nations

India: Liberal immigration norms make Canada new destination for techies

Nice to see positive messaging for a change:

But Alexander was clear the popular reaction is positive. “We are an immigration country. We have built our success on immigration and we have protected that legacy through the economic crisis of 2008-09. We are still a growth play, whether in the technology and resource sectors or finance.”

For many reasons – English education and skills – Indians score high in the acceptability chart. “We have three countries that are in a league of their own as sources of immigration – China, India and the Philippines.”

In 2013, over 33,000 Indian immigrants came to Canada, Alexander said. Around 60 per cent were economic migrants, rest were families.

Alexander is clear that unlike the US, Canada has had a more positive evolution of its immigration systems. “We have reformed, we have evolved.”

It is far easier to get permanent residence in Canada. Alexander said, “It only requires you to be in Canada for two years out of five. So someone who is global and wants to go back and forth can do that – be a Canadian permanent resident while doing some part of business here in India.”

Liberal immigration norms make Canada new destination for techies – The Economic Times.