information for global expats

News Archive

Home » News » US May Block New Visa Route For Int'l Entrepreneurs

US May Block New Visa Route For Int'l Entrepreneurs

By Haruna Kobayashi, for ExpatBriefing.com
14 July, 2017


The United States look set to drop plans floated by the Obama administration for visa concessions for international entrepreneurs.

The Trump Administration has delayed implementation of the program until March 2018, from July 17, 2017, and is considering repeal.

The International Entrepreneur Rule was intended to improve the ability of certain promising start-up founders to begin growing their companies within the United States. The Department of Homeland Security (DHS) was to be able to use its "parole" authority to grant a period of authorized stay, on a case-by-case basis, to foreign entrepreneurs who demonstrate that their stay in the United States would provide a significant public benefit through the potential for rapid business growth and job creation.

DHS had estimated that 2,940 entrepreneurs would be eligible under the rule annually. Eligible entrepreneurs would have been granted a stay of up to 30 months, with the possibility to extend the period by up to 30 additional months if they meet certain criteria.

Eligibility was to be extended to up to three entrepreneurs per start-up entity, as well as spouses and children.

Tags: Expatriates | Investment | Business | Entrepreneurs | United States | Expats | Visas And Passports | Working Abroad | Business Investment | Work | Working Abroad | Working Abroad





Leave A Comment




About | Useful Links | Global Media Partners | Media | Advertising And Sales | Banners And Widgets | Glossary | RSS | Privacy & Cookies | Terms And Conditions | Editorial Policy | Refer To A Friend | Newsletters | Contact | Site Map

Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. © Wolters Kluwer TAA Ltd 2017. All rights reserved.

The Expat Briefing brand is owned and operated by Wolters Kluwer TAA Limited.