With the whirlwind of Donald Trump’s firsts months in power came a number of orders that would undo some of the actions of previous administrations. One of those initiatives, called the Entrepreneur Parole, was put on hold early in the administration, but a group of organizations, among them the National Venture Capital Association filed a lawsuit and on December 1st 2017 were able to get a judge to order the Department of Homeland Security to start accepting applications.
Parole is a process for allowing a person to enter or stay in the country legally even if they do not meet all requirements. In this case there are no specific visas for a person who wants to come to the United States and start a new business. The number of potential beneficiaries is in the few thousands, but the message to the world is what matters “America is open for business”. Many other countries like France and Canada have programs that allow a person with a business idea to come in legally an launch his venture.
The candidate must file an application ahead of travelling to the United States, and wait for the approval. If approved he can be allowed in the country for two and a half years, with possibility for an extension. The applicant must show a benefit for the country and have U.S. investors lined up to support her.
A number of big name entrepreneurial success stories like Elon Musk from Tesla, or Sergey Brin, co-founder of Google, were born outside the United States, although their path to the USA was through more traditional venues such as family reunification.
Bobby Franklin, President and CEO of the National Venture Capital Association stated that “A Global race is underway to attract and retain talented entrepreneurs and we should be doing all we can to win”, indicating it is imperative in order to maintain the USA at the forefront of progress. Contact me if you need assistance how to start and protect your business in the USA.
Read more about other immigration options here and check the article from CNBC on this topic.
Parole is a process for allowing a person to enter or stay in the country legally even if they do not meet all requirements. In this case there are no specific visas for a person who wants to come to the United States and start a new business. The number of potential beneficiaries is in the few thousands, but the message to the world is what matters “America is open for business”. Many other countries like France and Canada have programs that allow a person with a business idea to come in legally an launch his venture.
The candidate must file an application ahead of travelling to the United States, and wait for the approval. If approved he can be allowed in the country for two and a half years, with possibility for an extension. The applicant must show a benefit for the country and have U.S. investors lined up to support her.
A number of big name entrepreneurial success stories like Elon Musk from Tesla, or Sergey Brin, co-founder of Google, were born outside the United States, although their path to the USA was through more traditional venues such as family reunification.
Bobby Franklin, President and CEO of the National Venture Capital Association stated that “A Global race is underway to attract and retain talented entrepreneurs and we should be doing all we can to win”, indicating it is imperative in order to maintain the USA at the forefront of progress. Contact me if you need assistance how to start and protect your business in the USA.
Read more about other immigration options here and check the article from CNBC on this topic.