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Receiving significant awards or grants (at least $100,000)

Writer : acc Date : 2016-08-27 (Sa) 14:21 Clicks : 629


WASHINGTON—U.S. Citizenship and Immigration Services (USCIS) is proposing a new rule, which would allow certain international entrepreneurs to be considered for parole (temporary permission to be in the United States) so that they may start or scale their businesses here in the United States.

Read the advance version of the notice of proposed rulemaking: International Entrepreneur Rule. Once the notice of proposed rulemaking is published in the Federal Register, the public will have 45 days from the date of publication to comment. To submit comments, follow the instructions in the notice.

“America’s economy has long benefitted from the contributions of immigrant entrepreneurs, from Main Street to Silicon Valley,” said Director León Rodríguez. “This proposed rule, when finalized, will help our economy grow by expanding immigration options for foreign entrepreneurs who meet certain criteria for creating jobs, attracting investment and generating revenue in the U.S.”

The proposed rule would allow the Department of Homeland Security (DHS) to use its existing discretionary statutory parole authority for entrepreneurs of startup entities whose stay in the United States would provide a significant public benefit through the substantial and demonstrated potential for rapid business growth and job creation.  Under this proposed rule, DHS may parole, on a case-by-case basis, eligible entrepreneurs of startup enterprises:

  • Who have a significant ownership interest in the startup (at least 15 percent) and have an active and central role to its operations;
  • Whose startup was formed in the United States within the past three years; and
  • Whose startup has substantial and demonstrated potential for rapid business growth and job creation, as evidenced by:
    • Receiving significant investment of capital (at least $345,000) from certain qualified U.S. investors with established records of successful investments;
    • Receiving significant awards or grants (at least $100,000) from certain federal, state or local government entities; or
    • Partially satisfying one or both of the above criteria in addition to other reliable and compelling evidence of the startup entity’s substantial potential for rapid growth and job creation.

Under the proposed rule, entrepreneurs may be granted an initial stay of up to two years to oversee and grow their startup entity in the United States.  A subsequent request for re-parole (for up to three additional years) would be considered only if the entrepreneur and the startup entity continue to provide a significant public benefit as evidenced by substantial increases in capital investment, revenue or job creation. 

The notice of proposed rulemaking in the Federal Register invites public comment for 45 days, after which USCIS will address the comments received.  The proposed rule does not take effect with the publication of the notice of proposed rulemaking.  It will take effect on the date indicated in the final rule when a final rule is published in the Federal Register.

For more information on USCIS and its programs, please visit www.uscis.gov or follow us on Twitter (@uscis), YouTube (/uscis), Facebook(/uscis), and the USCIS blog The Beacon. 


Please do not reply to this message.  See our Contact Us page for phone numbers and e-mail addresses.


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The Asian American Council

Michael S. Limb

Executive Chairman

 

 

 

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AsianAmericanCouncil.org

 

Reception committee Co-Chairmen

01) Tomiko Abe                    Co-Chairman of the Tokyo Chapter of the AAC

02) Dr. Louis Fujimoto         Chairman of the Japanese Affairs Committee

03) James Fan                       Director of the Chinese Affairs Committee

04) David Ignacio, Esq.        Chairman of the Filipino Affairs Committee

05) Richie Ian                        Chairman of the   Caribbean Affairs Committee

06) Mohummad Iqubal       Chairman of the International Affairs Committee

07) Lisa Su Li                         Chairman of the Inter Governmental Affairs Committee

08) Young Chul Lee             Co-Chairman of the Korean Affairs Queens Committee

09) Qasim Majeed                 Chairman of the Event Committee

10) Pea Young Ho                Co-Chairman of the Korean Business Affairs Committee

11) Jae Hack Sin                   Co-Chairman of the Korean Business Affairs  Committee

12) James Sheng                  Director of the Chinese Business Affairs Committee

13) Gun  Soo Youn               Chairman of the Korean Affairs Committee

14) Wu, Kuan He                  Chairman of the Chinese Business Affairs Queens Committee

15) Oshell Oh                       Communication Director of the International  Affairs Committee    

16) Rafael Flores                Director of Central America Affair Committee          

 


Michael S. Limb

Executive Chairman

The Asian American Council
Website: AsianAmericanCouncil.org

Tel: 718-820-0300 Cell: 917-279-7410 Fax 718-820-0700

E-mail:   limb300@hotmail.

 
 

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Michael S. Limb Executive Chairman
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