Immigration Relief For Foreign Entrepreneurs

Today USCIS released the text of a proposed rule to be published in the Federal Register shortly, that provides temporary immigration relief to qualifying foreign entrepreneurs whose presence in the U.S. would be a public benefit to the country.

This proposed rule would pave the way for qualifying foreign entrepreneurs to seek "Parole" status for an initial two-year period if they own at least 15% of a start-up company that has received a significant amount of funding from U.S. investors.  The proposed qualifying threshold for investment in the start-up is $345,000.  Entrepreneurs could also qualify if they have received government funding or if they can show alternative sources of funding or revenue.  The entrepreneurs must play an active role in the company to qualify.