Playing a Master Card to Thwart a Visa

pirate-shipWhat do cruise ships, pirates, and PayPal have in common?

More than we would guess.

According to PopSci, one hundred-plus technology companies from countries such as India and Australia are looking to make a move onto a floating city located in international waters outside of Silicon Valley. Dubbed the “Blueseed” project, one of its co-founders Peter Thiel, is also co-founder of PayPal.

The project endeavors to convert cruise ships and redesigned barges into a pirate island on which tech companies would be headquartered. These companies would be able to provide housing, working space, and entertainment facilities for nearly 1,000 paying customers and employees at a rate of $1,200 to $3,000 monthly.

Why would international tech companies want to operate from a pirate island in the U.S.?

Visas.

We’re not talking credit, here. It’s all about the U.S. work visa, and its stringent and oftentimes expensive requirements.

The pirate island’s location, 12 nautical miles from the coast of California, is squarely in international waters. As such, non-U.S. tech entrepreneurs would be able to conduct their business close to Silicon Valley without the need for a U.S. work visa.

I suppose this is one way to scrape the barnacles off a visa’s hullI.

blueseed-pirate-island

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Would you be willing to re-locate to a pirate island for your job?

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World News Wednesday

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6 thoughts on “Playing a Master Card to Thwart a Visa

  1. I certainly understand their point about the difficulty of visas and regulation. Plus there are so many American-ordained restrictions about capital investment. This is the primary reason that Eduardo Saverin, one of Facebook’s co-founders renounced his American citizenship before Friday’s public offering. (And, of course, taxation also played a part).

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