USCIS Began Accepting Applications under the International Entrepreneur Rule
On December 14, 2017, U.S. Citizenship and Immigration Services (USCIS) announced the start of implementing the International Entrepreneur Rule (IER).
The IER was published to provide an unlimited number of international entrepreneurs a new avenue to apply for parole, enter the U.S., and use American investments to establish and grow start-up businesses. The rule established new criteria to guide the adjudication of parole applications from certain foreign entrepreneurs, providing them with temporary permission to come to the country.
To qualify under the IER, an entrepreneur must meet the following requirements:
• Possess a substantial ownership interest in a start-up entity created within the past 5 years in the U.S. that has substantial potential for rapid growth and job creation;
• Have a central and active role in the start-up entity such that they are well-positioned to substantially assist with the growth and success of the business; and
• Provide a significant public benefit to the U.S. based on the role as an entrepreneur of the start-up entity.
To learn more about other requirements and/or to get assistance with the preparation of the IER application, contact our attorneys.