Video: Top 5 Things Startup Founders Must Know About International Entrepreneur Parole
Watch Sophie’s video to learn all about the newly final International Entrepreneur Rule, a wonderful parting gift to Silicon Valley from President Obama’s administration. Now startup founders are eligible for International Entrepreneur Parole, a U.S. immigration status. Here are the top five things startup founders should know:
This rule provides an immigration status for startup founders to live and work on their new companies in the United States. This video covers the top five things that you need to know about International Entrepreneur Parole:
- The startup must have been legally formed in the last five years before the application.
- The startup founder must own at least 10% of the company and have an active and Central role in running it in order to qualify.
- The company must have received $250,000 from established US investors or $100,000 in government grants or additional and reliable compelling evidence that the founder would provide a significant public benefit to the US.
- The founder spouse and minor unmarried children can come on parole as well and once everybody arrives the spouse can apply for a work permit (employment authorization document) from USCIS.
- International Entrepreneur Rule parole status lasts up to 30 months initially and can be renewed for a 30-month extension.
International Entrepreneur Parole is fantastic news for founders both abroad and those already visiting the United States in tech hubs such as Silicon Valley, Silicon Beach, Austin, and Boston, and many more. It is also much easier for founders to get green cards in the EB-2 category with a National Interest Waiver. Matter of Dhanasar, a new case from the USCIS Administrative Appeals Office that redefines the standard for EB-2 NIW (National Interest Waivers), making it easier for entrepreneurs to get green cards.
The next question is: will this be one of the regulatory actions that President Trump will try to roll back during the beginning of his administration? Probably best to apply soon if you are interested.
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Sophie Alcorn is a Stanford-educated, New York Times-featured expert on United States Immigration Law. She founded Alcorn Immigration Law, Silicon Valley's premier immigration and nationality law firm, in 2015. Sophie and her team obtain visas and green cards for highly-motivated individuals to build the most innovative companies in Silicon Valley, having successfully handled hundreds of immigration cases for investors, established and venture-backed corporations, founders, and families. Sophie hails from Orange County, where she was chosen as Top Attorney by Orange County Metro Magazine in 2012 at the age of 28. In 2015 Sophie joined the ranks of The National Advocates Top 40 under 40, a select group of young attorneys who demonstrate superior qualifications, leadership, influence, and stature. Sophie is a public speaker on immigration law who conveys the nuances of immigration law in a clear, understandable manner. She lives in Mountain View with her family.