The European Parliament approved new rules to attract new non-EU students and researchers to the EU, thus consolidating EU´s position as a global leader in research. After the publication of the directive, students and researchers will be able to stay at least nine months after finishing their studies or research in order to look for a job or to set up a business. Also, they will not need to file a new visa application, but only to notify the member state to which they are moving, for example to do a one-semester exchange. Researchers will also have the right to bring their family members with them and these family members are entitled to work during their stay in Europe.
Source: http://www.europarl.europa.eu/