Investors

International Entrepreneur Parole Updated

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International Entrepreneur Parole Updated (November 7, 2022)

The International Entrepreneur Parole rule (IEP) is a rule that allows the Department of Homeland Security to grant parole and stay to foreign entrepreneurs. The rule was developed in 2013 by the Obama Administration, and it was set to go into full effect in 2017. However, when Trump became president, he put a halt to the rule. The Biden Administration has made efforts to reinstate the rule. The IEP was created because there is not a specific visa for starting up a company. While the rule allows greater ability for entrepreneurs from different countries to stay in the United States, entrepreneurs and their families must meet certain criteria to be granted parole.

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International Entrepreneur Rule Gets a Second Chance

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International Entrepreneur Rule Gets a Second Chance (January 23, 2018)

On December 1, 2017, in National Venture Capital Association v. Duke the United States District Court of the District of Columbia ruled the United States Citizenship and Immigration Services (USCIS) violated the Administration Procedure Act’s (APA) notice and comment rulemaking requirements when it decided to delay the international entrepreneurial rule (IER) without giving the public adequate notice or time to comment on its decision to delay the rule.

On January 17, 2017, three days before the end of the Obama administration, the Department of Homeland Security (DHS) published the final IER rule to allow foreign nationals who meet certain entrepreneurial standards to apply for parole, which is temporary admission into the United States to grow new companies. The rule was to set to go into effect on July 17, 2017, 180 days following its publication.

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International Entrepreneur Rule

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International Entrepreneur Rule (May 19, 2017)

On July 17, 2017, the international entrepreneur rule will take effect, which permits the Secretary of Homeland Security to grant parole admission on a case-by-case basis to immigrant entrepreneurs who will increase job growth and provide a significant public benefit to the United States. The goal of the international entrepreneur rule is to allow The Department of Homeland Security (DHS) to improve start-up success by increasing and enhancing entrepreneurship, innovation, and job creation.

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Treaty Traders and Investors

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Treaty Traders and Investors (February 2, 2016)

Foreign nationals who wish to come to the U.S. to engage in international trade or to direct and operate a business investment may do so if they are citizens of a country that has entered into a qualifying Treaty of Friendship, Commerce, and Navigation or its equivalent with the United States using the E visa.  This is a temporary, non-immigrant visa that may be obtained from overseas at the U.S. Embassy or consulate through consular processing or from U.S. Citizenship & Immigration Services if the foreign national is filing from within the U.S. for an extension or a change of a status.

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EB-5 Investor Visa Overview

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EB-5 Investor Visa Overview (May 31, 2012)

Twenty two years ago, the United States began to allow investment-based immigration to the US. Investment-based immigration occurs through the EB-5 visa program, which grants conditional permanent residency to immigrants and their families over a two-year period. The immigrant investor must 1. invest $1,000,000 in a new commercial enterprise in the United States, 2.create or preserve at least 10 full-time jobs for qualifying US workers via that enterprise and 3. maintain that business for two years.

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