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International Entrepreneur Rule

federalregister.gov

11–20 of 121 posts

Re: International Entrepreneur Rule

#11

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

I am not native English speaker so I might be misreading, but isn't parole meant to be for people in prison? So how does this have anything to do with getting into the U.S.? There is already something like what you are suggesting in the U.S. AFAIK, just $500k or $1M depending on the situation.

Parole in this case is just leave to enter the US.

Re: International Entrepreneur Rule

#13

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

I am not native English speaker so I might be misreading, but isn't parole meant to be for people in prison? So how does this have anything to do with getting into the U.S.? There is already something like what you are suggesting in the U.S. AFAIK, just $500k or $1M depending on the situation.

Parole essentially means granting the right to enter or remain the US to an applicant who does not technically meet the conditions for the visa or status. It's usually applied on humanitarian grounds or to fill "gaps" in the immigration system [1] where there would be negative consequences.

It's an attempt to soften the harsh consequences that often arise from these counterintuitive rules in a very technical legal space that is almost impossible to legislatively correct.

[1] https://www.cbp.gov/travel/us-citizens/advance-parole

Re: International Entrepreneur Rule

#15
post #5

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

That's nothing new, if you pay $1million (or $500k depending on the area of investment) then you can essentially get a green card as it is: https://en.wikipedia.org/wiki/EB-5_visa

Many other countries, such as the Netherlands, have a similar law: http://www.dutchdailynews.com/netherlands-offers-residency-t...

Re: International Entrepreneur Rule

#17
post #8

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

You need to raise the money from investors with a track record of investing in high growth startups, so won't be quite as easy as writing yourself a $250k check.

It would also be a stupid thing to game this rule when there already exists a separate system that allows you to write a 500k check and get a green card.

Re: International Entrepreneur Rule

#18

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

Is that a problem? Why would we not want more rich people becoming citizens and paying US taxes on their worldwide income?

Of course we would want that, but that's not what we get. The rich pay few taxes and the international rich pay even less, given they already have offshore tax havens by the nature of being from another country. Given a green card allows establishment of US companies which are exempt from some tariffs which are imposed on foreign companies, there's no reason to believe that giving the rich green cards will be a net gain for tax revenue. It is indeed sometimes a net loss.

Re: International Entrepreneur Rule

#19
post #8

Earlier quoted context omitted.

You need to raise the money from investors with a track record of investing in high growth startups, so won't be quite as easy as writing yourself a $250k check.

It would also be a stupid thing to game this rule when there already exists a separate system that allows you to write a 500k check and get a green card.

It is not as easy as that. You need to have plans, lots of paperwork, and lots of time (about 2 years). https://www.nytimes.com/2015/05/17/realestate/want-a-green-c...

Re: International Entrepreneur Rule

#20

This will be gamed hard by rich people to get into the U.S. Essentially a red carpet side door if you have a slab of cash.

I am not native English speaker so I might be misreading, but isn't parole meant to be for people in prison? So how does this have anything to do with getting into the U.S.? There is already something like what you are suggesting in the U.S. AFAIK, just $500k or $1M depending on the situation.

"Parole" refers to any situation where someone is given some trust for a period of time before they are given complete trust. It usually refers to people who get out of prison but have to check in with a parole officer for a while, but in this case it refers to immigrants being allowed into the country but having to check in with DHS.
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