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August 2016 Archives

Administration Announced Important Step In Attracting the World's Best and Brightest Entrepreneurs

On August 8th 2016, the Administration announced (https://www.uscis.gov/news/news-releases/uscis-proposes-rule-to-welcome-international-entrepreneurs) an important step in attracting the world's best and brightest entrepreneurs to start the next great companies and create jobs here in the United States. The Department of Homeland Security (DHS) is proposing (https://www.uscis.gov/sites/default/files/USCIS/Laws/Articles/FR_2016-20663_793250_OFR.pdf) clear criteria to identify on a case-by-case basis entrepreneurs who would provide significant public benefit to the United States, based on factors including the entrepreneur's ownership stake and leadership role; the growth potential of the startup; competitive research grants from federal, state, and local government agencies; and investment by qualified American investors. The proposed rule would allow such entrepreneurs to remain in the United States for an initial period of up to two years, and allow these individuals to apply for one additional period of up to three years contingent on meeting certain additional benchmarks.

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