US May Block New Visa Route For Int'l Entrepreneurs

By Haruna Kobayashi, for 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 |


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