USCIS to Implement Final Rule for International Entrepreneurs:
U.S. Citizenship and Immigration Services (USCIS) announced that it is taking steps to implement the International Entrepreneur Rule based on the recent court decision of National Venture Capital Association v. Duke (2017). The International Entrepreneur Rule is intended to increase and enhance entrepreneurship, innovation, and job creation in the United States. The final rule adds new regulatory provisions guiding the use of parole on a case-by-case basis for entrepreneurs of start-up entities that can demonstrate substantial and demonstrated potential for rapid business growth and job creation which would in turn, provide a significant public benefit to the United States.
Such potential is determined by, among other things, the receipt of significant capital investments from U.S. investors with established records of successful investments, or obtaining significant awards or grants from Federal, State, or local government entities. If granted, parole would provide a temporary initial stay of up to 30 months with a potential extension of an additional 30 months to facilitate the applicant’s ability to oversee and grow his or her start-up entity in the United States.
USCIS is taking applications effective as of December 14, 2017.