International Entrepreneur Rule
federalregister.gov
International Entrepreneur Rule
1–10 of 121 posts
Re: International Entrepreneur Rule
#2Reading through it. The gist is you can get 30 months of parole from USCIS if you are a startup entrepreneur that has raised investment. Seems like the threshold is $250k and it can support up to 3 founders. You must own at least 10% to be considered a founder.
Looks like you can also get an additional 30 months by raising a further $500k, or having at least $500k ARR with 20% annual growth, or employing 5 US persons full time. You need to maintain a 5% stake and continue to serve a central role in operations in order to qualify for the additional 30 months.
The investment has to be raised from investors with a track record of investing in high growth startups.
This will come into force from July 17 2017.
Re: International Entrepreneur Rule
#3When was this passed?
Re: International Entrepreneur Rule
#4This 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.
Re: International Entrepreneur Rule
#5This 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
Re: International Entrepreneur Rule
#6This 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.
Re: International Entrepreneur Rule
#7This 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 doubt it. There are already 2 programs that allow rich people to immigrate by investing their own money: the EB-5 and the E-2 visa [1].
However, these visas require that people invest their own money. This visa is different because it allows investment with other people's money. It's a big change.
[1] https://www.uscis.gov/green-card/green-card-through-job/gree...
Re: International Entrepreneur Rule
#8This 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.
Re: International Entrepreneur Rule
#9This 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.
In this situation the parole is probably in the context of deportation proceedings.
Re: International Entrepreneur Rule
#10This 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.
Those people can already do this, with better immigration benefits available:
https://www.uscis.gov/green-card/green-card-through-job/gree...