Program Will Provide Opportunities for Foreign Entrepreneurs

Program Will Provide Opportunities for Foreign Entrepreneurs

by | May 11, 2021 | EB-5

The International Entrepreneur Parole Program is here to stay, now that the U.S. Citizenship and Immigration Services department decided to remove a 2018 notice that recommended removing the program from the Department of Human Services.

This program is designed to provide foreign entrepreneurs with an opportunity to stay in the United States and continue working on their start-up enterprise despite their current immigration status. The hope is that by keeping this program intact, more aspiring entrepreneurs will look to the United States as a welcoming place to build their new business. Experts anticipate that this program will continue to fuel economic growth and spark innovation throughout the country.

The International Entrepreneur Parole Program was first introduced in 2017, and it has seen measurable success. It’s important to keep in mind that immigrants who are interested in staying in the country under this program are evaluated on a case-by-case basis. An individual start-up can only host up to three immigrants as part of this program, and any spouse of an immigrant who is part of the IE parole program can apply for employment authorization. Children of program participants, however, are not eligible for employment authorization.

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