The International Entrepreneur Rule has not yet been published in the Federal Register. However, I’ve extracted the text from the proposed rule from U.S. Citizenship and Immigration Services (USCIS). Once the rule is published in the Federal Register, the public will have 45 days to comment before it goes into effect. The Department of Homeland…
The Obama administration used discretionary parole authority to pave the way for thousands of entrepreneurs to gain admittance into the U.S. under the International Entrepreneur Rule that was proposed today. What is Parole? Parole—or temporarily admitting a foreign national into the U.S. who does not meet the requirements for a visa—is typically used in humanitarian cases or in situations where entry would bring a…
The Obama administration proposed a new rule that opens the door for foreign entrepreneurs to create a startup business in the U.S. even if they are ineligible for a visa. What is Parole? Under the proposed rule, United States Citizenship and Immigration Services (USCIS) would have the discretion to grant parole to foreign entrepreneurs. Parole is a temporary…
Foreign entrepreneurs would be allowed to create and grow their startup in the U.S. under the proposed International Entrepreneur Rule. But because entrepreneurs will not receive a visa, obtaining a green card will still require long-term planning and maneuvering. International Entrepreneur Rule Under the proposed International Entrepreneur Rule, foreign entrepreneurs or startup founders would be eligible for parole,…
Without the proposed International Entrepreneur Rule, which gives temporary permission to foreign founders to create their startups in the U.S., those founders faced a chicken-and-egg problem. Startup founders need to prove to angel investors and venture capitalists that their immigration status is figured out before they get funded. Investors don’t want to worry that a startup founder…
This morning the White House announced the “startup visa,” which is formally called the International Entrepreneur Rule. You can find the 155-page text of the proposed rule here. The White House explains the proposed rule on Medium and it posted a blog by Max Levchin, co-founder of Paypal and other successful startups. We wrote about…