USCIS Provides Insights on International Entrepreneurs
Larsen Immigration Law Group
On July 12th, the Department of Homeland Security released a new FAQ about the International Entrepreneur Rule, a pathway aimed at promoting innovation and economic growth in the U.S. Here’s a breakdown of key FAQs:
Ownership and Role in Start-up Entity: To qualify, you must have at least 10% ownership in the start-up and play a central, active role in its operations.
Requirements for the Start-up Entity: The entity must be a U.S. business entity legally conducting business, formed within the last 5 years, and show substantial potential for rapid growth and job creation.
Funding Requirements: Documented funding within the past 18 months includes:
- A qualified investment of at least $264,147 from a qualifying investor;
- A qualified award or grant of at least $105,659 from a U.S. federal, state, or local government entity; or
- Alternative evidence of substantial potential for growth is accepted if funding falls short.
Spouse and Children: Your spouse and unmarried children under 21 can apply for parole with Form I-131 and may seek employment authorization with Form I-765.
Duration of Stay: Initially up to 2½ years, with the possibility of renewal for another 2½ years, totaling a maximum of 5 years.
Application Process: Applications can be made from within or outside the U.S., with biometrics required for those applying from abroad.
Changing Status: While parole is not admission, applicants can seek a change to immigrant or nonimmigrant status during their stay, but may need to leave the U.S. for visa processing.
Eligibility Despite Current Status: Even if currently in nonimmigrant status or having overstayed, applicants may still apply, potentially requiring departure and re-entry if authorized.
For detailed guidance, visit International Entrepreneur Rule | USCIS
Immigration law changes rapidly. This article is for informational purposes only, reflects the law as of its publication date, and may be superseded by later changes in the law, regulations or agency policy. It is not legal advice, and reading it does not create an attorney-client relationship.La ley de inmigración cambia rápidamente. Este artículo es solo para fines informativos, refleja la ley a la fecha de su publicación y puede quedar superado por cambios posteriores en la ley, las regulaciones o las políticas de las agencias. No es asesoría legal, y leerlo no crea una relación abogado-cliente.