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The International Entrepreneur Parole (IEP) program, administered by the United States Citizenship and Immigration Services (USCIS), is an attractive avenue for ambitious foreign entrepreneurs seeking to launch and scale their businesses within the United States.
It offers a temporary immigration solution specifically tailored to entrepreneurs whose ventures demonstrate a strong potential for job creation and revenue generation in the country.
Benefits of IEP
Temporary Work Authorization
Successful IEP applicants are granted parole status, allowing them to temporarily live and work in the U.S. to nurture and develop their startup ventures actively.
Access to U.S. Resources
IEP opens doors for entrepreneurs to tap into the vast resources and opportunities available in the U.S. market.
Duration of Stay
This parole status typically offers a legal stay of up to five years, with the possibility of renewal under specific circumstances.
Contribution to U.S. Economy
The program encourages the influx of talented individuals who can contribute significantly to the U.S. economy through innovation and job creation.
Eligibility Criteria
To qualify for the International Entrepreneur Parole program, applicants must satisfy the following essential criteria:
Ownership
Possess at least 10% ownership in the startup entity.
Active Participation
Maintain an active and central role within the startup, typically as a founder or key executive.
Significant Investment
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The startup must have received at least $250,000 in qualifying investments from established U.S. investors with a proven track record of successful investments
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OR, at least $100,000 in grants or awards from reputable U.S. federal, state, or local government entities.
High Growth Potential
The startup must showcase compelling evidence of its rapid growth and job creation potential. This can be demonstrated through factors like:
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Significant revenue generation in the past 3 years
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Creation of new U.S. jobs
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Other compelling evidence of future growth potential
Step by Step Process Explained
01
Self-Assessment:
Carefully review the eligibility criteria to ensure you meet the program's requirements.
03
Complete Application:
Fill out Form I-941, Application for Entrepreneur Parole, meticulously and accurately.
05
Await Adjudication:
USCIS will review your application and make a decision.
07
Receive Decision:
If approved, you will receive parole status and can proceed to enter the U.S.
02
Gather Documentation:
Compile all necessary documentation, including evidence of ownership, active role, investment, and growth potential.
04
Pay Filing Fee:
Submit the required filing fee along with your application.
06
Potential Interview:
You may be called for an interview to further assess your eligibility.
08
Seek Professional Guidance
Consulting with our seasoned immigration attorneys is strongly recommended to navigate the intricacies of the International Entrepreneur Parole program effectively.