> This increase in capital requirements stamps out the visa mills.
No, it doesn't. The rich people abusing the system just deposit more money and get their checkmark. Small businesses cannot raise and float this kind of cash quickly.
Also, the policy change is being applied retroactively to visa renewal applications that had already been filed, before the policy change was even announced. So if you filed a few months ago, before any of this was announced, now you're getting rejected and sent home. If the govt was actually interesting in getting rid of illegitimate businesses, they could just go to them and see if they're real or not. All businesses that qualify someone to get a business manager visa have to be in commercial spaces, with signs with their name on it, and accessible.
No, it doesn't. The rich people abusing the system just deposit more money and get their checkmark. Small businesses cannot raise and float this kind of cash quickly.
Also, the policy change is being applied retroactively to visa renewal applications that had already been filed, before the policy change was even announced. So if you filed a few months ago, before any of this was announced, now you're getting rejected and sent home. If the govt was actually interesting in getting rid of illegitimate businesses, they could just go to them and see if they're real or not. All businesses that qualify someone to get a business manager visa have to be in commercial spaces, with signs with their name on it, and accessible.