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blog

Heads up, international startup founders!  new developments here.

5/26/2021

 
Picture
We recently received notification from Sophie Alcorn of Alcorn Immigration Law regarding an important new development for foreign founders.  She has allowed us to re-blog it for our clientele below and provided the one-page summary (see attached).  

***

International Entrepreneur Parole (IEP) allows founders to request a 30-month immigration status, with the possibility of a 30-month extension as well. Spouses of those with IEP can qualify for work permits. There’s no limit to the variety of fields in which startups can qualify — everything from autonomous drone delivery to AI for law enforcement; anticancer drug discovery to satellites.
To qualify, you need to show that:
    • Your startup is less than five years old.
    • You own at least 10%.
    • Your role is central to the startup and you will actively operate it.
    • The startup company has received at least $250,000 from qualified U.S. investors (or at least $100,000 in government awards or grants).

If you have any questions or concerns, please reach out to Sophie directly at [email protected].


***

​This blog does not constitute solicitation or provision of legal advice, and does not establish an attorney-client relationship. This blog should not be used as a substitute for obtaining legal advice from an attorney licensed or authorized to practice in your jurisdiction. You should always consult a suitably qualified attorney regarding any specific legal problem or matter in a timely manner, as statutes of limitations may bar your claim.
international_entrepreneur_parole.pdf
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    • Teela Crosthwaite Smith
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