US Immigration International Entrepreneur Parole Program

Transcription

If you are a foreign entrepreneur that wants to come to the US, many of you are focusing on getting an EB-5 visa, a E-2 visa; but, did you know that there is little known way of being an entrepreneur and getting into the US? That’s what we are going to talk about in this video.

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Many foreign entrepreneurs don’t know about the international entrepreneur parole program that the US immigration system has. To talk more about this, we are going to bring our immigration attorney Robert. 

Carlos H: Robert, how are you?

Robert M: I’m good Carlos, how are you?

Carlos H: Good. Robert is our immigration attorney here at Freedom Immigration. Robert, as you know here at Freedom Immigration, we help a lot of foreign entrepreneurs coming to the US with EB-5 visas, E-2 visas, investment visas, business visas; but many of them don’t know there is an option called the international entrepreneur parole program. What’s this program about and how does it work?

Robert M: It’s not very well known but the international entrepreneur program is a special rule allowing the department of homeland and security to use the parole authority to grant a period of authorized stay to a foreign entrepreneur; it’s like a permission to enter, it’s not a visa, it’s determined case by case basis, and you must demonstrate that your continuous staying in the US is a significant benefit to the US.  

Carlos H: Okay. So, what are the benefits of the US immigration international entrepreneur program?

Robert M: It allows foreign entrepreneurs to come to the US and work for their business. It also does not require the entrepreneur to invest his or her own money. Children can come and study, you can also bring your spouse to apply for a work permit. Up to 3 entrepreneurs can come to the US and work for the same startup; it’s specifically for startup companies. The initial parole is for two and a half years and you have the ability to renew it for an additional two and a half years, for a total of five years.

Carlos H: So, it is interesting that the investment capital does not have to come from the entrepreneur itself. 

Robert M: No.

Carlos H: Okay. What are the requirements of the international entrepreneur parole program? 

Robert M: The entrepreneur only has to own a minimum of 10% of the startup company. The startup company is a company that was started by an entrepreneur to seek development and validate a scalable business model. The startup company has to be formed in the last 5 years, so it has to be relatively new; and you must have a substantial demonstrated potential for rapid growth and job creation. Examples of that would be: Showing you have at least $200.000 invested by a qualified US investor; show at least $100.000 dollars in federal state local government awards or grants; or show partial award or investment and have other reliable and compelling evidence.

Carlos H: Okay. Is this difficult to get, or what is the application process for this US immigration international entrepreneur parole program.

Robert M: The process is not that difficult; you submit the i-941. The fees are $1285. Documents that are required you have to show that the company meets the definition of startup; you have to demonstrate your ownership stake in the startup; you have to show in the description of the role of the startup with evidence; you have to demonstrate that the entrepreneur has a specific role in the startup, his job in the company; and you have to obviously have identity documents, passport, birth certificate, that type of stuff.

Carlos H: Okay; and this is something that you need to renew?

Robert M: Like I say, the initial authorization period is for two and a half years, and then you can renew it for another two and half years; but to obtain the initial parole you have to demonstrate that the startup continues to prove a significant public benefit, as evidenced by increased capital investment revenue or job creation.

Carlos H: Good. So, Robert, in your opinion, is this a good option for foreign entrepreneurs for Us immigration?

Robert M: It’s a good way to get in the door, getting to the US, that way then you can try to apply for a different type of authorized state, like obtaining visa, obtaining a green card thought maybe EB-5; but like if you are going to start a company, it’s a good way to get your foot in the door.

Carlos H: Good. So, now you know, if you are a foreign entrepreneur now you have another option for US immigration.

Robert, if someone wants to start this immigration process, what do they have to do?

Robert M: Call Freedom Immigration at 407-910-4770.

Carlos H: We are also going to put the link to the Freedom Immigration website in the description of this video. Thank you for watching this video, remember that in this channel we provide strategies for small business owners to achieve their financial goals; please subscribe to our channel. If you have received valuable information like it and share it with other entrepreneurs so they can get the value out of this video. Thank you for watching.