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Three Things You Must Know About the US International Entrepreneur Parole Program

By August 17, 2022No Comments

Three Things You Must Know About the US International Entrepreneur Parole Program.

The International Entrepreneur Parole Program (IEP) is a program that gives a foreign entrepreneur a temporary permit to stay in the United States while he/she is trying to obtain approval of another, business type generally, visa. Here are three important things you must know about the IEP:

First, in order to qualify for the IEP, the foreign national must prove possession of a substantial ownership interest in a start-up entity created within the past five-years in the US and that the start-up has shown rapid growth and job creation. The foreigner must also have a central and active role in the start-up entity such that he/she is key to the growth of the start-up.

Second. If granted, the entrepreneur will be given a stay in the US of 2.5 years to work in the start up. This stay is renewable—upon meeting certain requirements—for an additional 2.5 years. In short, you can have an IEP for up to 5-years.

Third, If there’s more than one owner, others may qualify. The program allows for up to 3 entrepreneurs in the start-up entity.

For more information about business visas, the Entrepreneur Parole Program, or any immigration issues, contact an experienced immigration attorney at Ayala at 305-570-2208.

You can also schedule your case evaluation online at https://www.lawayala.com/consultation/ or email Miami Business Immigration lawyer Eduardo A. Maura at eduardo@ayalalawpa.com

 

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