United States Citizenship and Immigration Services (USCIS) is proposing a new rule which could make it easier for international entrepreneurs to enter the United States. Under the proposed “International Entrepreneur Rule,” the Department of Homeland Security (DHS) would be granted the authority to use its already existing statutory parole authority on a case-by-case basis to allow entrepreneurs of startup businesses whose stay would provide a significant public benefit through significant job creation.
Under this rule, DHS will be able to temporarily admit eligible entrepreneurs who:
- Have at least a 15 percent ownership interest in a startup and play a key role in its operations;
- Whose startup was created in the United States within the past three years; and
- Whose startup has shown a substantial potential for rapid growth and job creation
Qualifying entrepreneurs may be granted an initial stay of up to two years, after which a subsequent three-year extension may be requested if the entrepreneur and startup continue to be of significant public benefit. Signs of growth substantial enough to warrant an extension include considerable increases in capital investment, revenue, or job creation. The rule will be open to public comment for a period of 45 days, following which USCIS will review the comments and make changes.
For more information on this important change, click here.
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