International Entrepreneurs Rule Implementation Delayed

International Entrepreneurs Rule Implementation Delayed

Are highly skilled entrepreneurs welcome to the US?

Delay of the International Entrepreneurs Rule will make it more difficult for those who have received significant US investment.

The US Department of Homeland Security (DHS) in July 11, 2017 delayed the implementation of the International Entrepreneur Parole rule to March 14, 2018. The DHS also will also issue a Notice of Proposed Rulemaking soliciting public comments on the proposal to rescind the International Entrepreneur Final Rule.

The International Entrepreneur rule would have allowed a parole status for certain international entrepreneurs who have received significant funding from US investors.

On August 31, 2016, DHS published the International Entrepreneur Notice of Proposed Rulemaking and on January 17, 2017 the rule was published for a July 17, 2017 effective date. On January 25, 2017 President Trump issued Executive Order 13767 Border Security and Immigration Enforcement Improvements and, as a result, DHS decided to to delay the effective date of the International Entrepreneur Final Rule with one minor exception which adds the Form FS-240, Consular Report of Birth Abroad, to the list of acceptable documents for the Form I-9 verification.

There are other visa options for Entrepreneurs who wish to do business in the US such as the E-2 Treaty Investor visa but some individuals may not meet all of the requirements such as if they do not have a treaty nationality.