On Monday, USCIS announced that DHS is withdrawing a 2018 notice of proposed rulemaking that proposed to remove the International Entrepreneur (IE) program from DHS regulations. The IE parole program, spearheaded by the Obama administration and effective in 2017, will remain a viable program for foreign entrepreneurs to create and develop start-up entities with high growth potential in the United States. USCIS says the program will help to strengthen and grow the nation’s economy through increased capital spending, innovation, and job creation.
Under the IE program, parole may be granted to up to three entrepreneurs per start-up entity, as well as their spouses and children. Entrepreneurs granted parole are eligible to work only for their start-up business, and their spouses may apply for employment authorization in the United States.
Interested in investing in the United States? Contact us to explore this revitalized option.