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In October 2024, US had increased the minimum amount of investment and revenue thresholds under the International Entrepreneur Rule.
The International Entrepreneur Rule permits foreign entrepreneurs to immigrate without investing, but they must confirm that other qualified US investors have invested in their startup.
International entrepreneur parole regulations allow DHS to grant authorized stay to noncitizen entrepreneurs with a substantial ownership interest in start-ups, demonstrating significant public benefit through rapid business growth and job creation.
A candidate doesn’t need to be outside of the US to apply. Applications are welcome from those who are not currently in the country, from people who are in the country but do not currently hold nonimmigrant status, and from people who are outside the country.
For an initial application, entrepreneurs must demonstrate the startup entity’s substantial potential for rapid growth and job creation by showing at least $311,071 in qualified investments from qualifying investors, at least $124,429 in qualified government awards or grants, or, if only partially meeting the threshold investment or award criteria, alternative reliable and compelling evidence of the start-up entity’s substantial potential for rapid growth and job creation.
Essentially, if relying on an investment from a qualifying investor, the amount has increased from $264,147 to $311,071. If relying on a government award or grant, the amount has increased from $105,659 to $124,429.
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Publish date : 2024-12-17 20:37:00
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