However gloomy America’s path to greatness might look, with the US Presidential Elections due this November, it sure is paving way for immigrant entrepreneurs to have an ease of doing business in the country.
Giving away his last gifts, the Obama administration on Friday announced a new rule that would allow certain international immigrant entrepreneurs to come to the United States and start their businesses. Can’t help, but smile thinking how mad this rule would make Trump!
Proposed by U.S. Citizenship and Immigration Services (USCIS), the Department of Homeland Security (DHS) will be allowed 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 the International Entrepreneur 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.
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