The Elusive International Entrepreneur Parole Program: What You Need to Know
In this article, titled 'Ask Sophie,' I explain the functioning of the IEP program. I will also delve into the eligibility criteria for IEP and provide alternative options.
Ask Sophie What’s the deal with International Entrepreneur Parole? | ENBLE
🌟 By Sophie Alcorn 🌟
Introduction: Where Did the International Entrepreneur Parole Program Go?
Dear Sophie,
I remember reading in your column a few years ago about the International Entrepreneur Parole program and that it’s the closest thing the U.S. has to a startup visa. What happened to the program? Is it still around? How does a startup founder start building in the U.S. quickly?
— Perfect for Parole?
The International Entrepreneur Parole Program: Still Here, But…
Dear Perfect,
Thanks for your “perfectly timed” questions. Yes, the International Entrepreneur Parole (IEP) program remains available, but the time it takes for the U.S. Citizenship and Immigration Services (USCIS) to adjudicate IEP cases is more than two years, and the application and activation processes are often more time-consuming and impractical than a normal work visa such as an O-1 or H-1B. 😩😩
In recognition of these issues, President Biden mandated that the Department of Homeland Security, which oversees the USCIS and U.S. Customs and Border Protection (CBP), improve the IEP process for startup founders in AI and other critical and emerging technologies in his recent executive order on AI. 🚀👨💼
Start Building in the U.S. Quickly: Tips and Tricks
I recently chatted with Samuel Newbold, an immigration attorney based in New York City who also has a practice centered on investors and entrepreneurs. He has helped many entrepreneurs obtain IEP. According to him, one of the most direct paths to qualifying is through government grants from startup funders such as the Urban Future Lab, which partners with the city, academia, and the private sector to encourage economic growth, job creation, and innovation. 🌆💡
Newbold explains that IEP tends to make more sense for startup founders who have received grants or economic development funding rather than funding from venture capital or private investors due to the complex evidentiary requirements. The minimum requirement is to receive at least $106,000 in government funding, which can even be nondilutive. 💰💼
“The [IEP] program requires private venture capital firms to justify their track record and that they’ve made good investments,” says Newbold. “As you can imagine, that’s very sensitive, private information” that most investors are sensitive to divulge. 🤐
Qualifying for IEP: The Intricate Application Process
To qualify for IEP, you must meet several requirements, in addition to government grant funding:
- Maintain a substantial ownership interest in an entity created within the past five years.
- Play an active and central role in the operations and success of the entity.
- Demonstrate that your startup has potential for rapid growth and job creation.
- Show how your startup’s contribution will help the U.S. economy or U.S. interests. 🌱💼🇺🇸
After meeting all the requirements and submitting your application, be prepared to wait. As mentioned earlier, the adjudication process for IEP cases can take more than two years, which is less than ideal for fast-paced startup founders eager to make their mark. But don’t lose hope! There are other visa options available that might better suit your needs. 😇✈️
Alternatives to IEP: Exploring Other Visa Options
While the IEP program might have its challenges, there are alternative visas that offer a quicker and more practical path to building your startup in the U.S.
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O-1 Visa: The O-1 visa is for individuals with extraordinary ability in the sciences, arts, education, business, or athletics. If you can demonstrate your exceptional prowess in your field and secure a job offer with a U.S. employer, the O-1 visa might be your golden ticket. Think of it as the Willy Wonka golden ticket for startup founders! 🏆🍫
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H-1B Visa: The H-1B visa is for foreign workers in specialty occupations that require theoretical or technical expertise. While the H-1B visa lottery can be fierce and competitive, it’s worth considering if your startup has the potential to make a significant impact in the U.S. market. 🎟️🔥
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E-2 Visa: If you come from a country that has a treaty of commerce and navigation with the United States, you may be eligible for the E-2 visa. This visa is for entrepreneurs looking to invest a substantial amount of capital in a U.S.-based enterprise. It’s like embarking on a thrilling entrepreneurial adventure with Uncle Sam by your side! 🦅💼
Q&A: Answers to Additional Burning Questions
Q: Can IEP applicants bring their families with them to the U.S.?
A: Absolutely! Your spouse and unmarried children under the age of 21 are eligible for dependent visas and can accompany you to the U.S. to embark on your startup journey. It’s a family affair! 👪✈️
Q: What type of evidence is required to prove “exceptional ability” for the O-1 visa?
A: The evidence required varies depending on the field you specialize in. It can include awards, publications, media recognition, patents, or even a high salary. Just like an actor collecting their Oscars, gather as much evidence as possible to showcase your extraordinary abilities. 🏆🌟
Q: Are there any upcoming changes or potential improvements to the IEP program?
A: While the future of the IEP program remains uncertain, it’s essential to stay updated on immigration news and policy changes. The landscape is always evolving, and new opportunities might arise. Stay optimistic! 💡✨
Looking Ahead: The Future of Startup Immigration
As startup founders continue to push boundaries and revolutionize industries, the demand for more streamlined and efficient immigration programs will only grow. It’s crucial for policymakers and immigration authorities to understand the value that international entrepreneurs bring to the U.S. economy and foster an environment that embraces their contributions. 🌍🌱🚀
In the meantime, remember that immigration law is complex and ever-changing. Seeking advice from experienced immigration attorneys like Samuel Newbold or reaching out to organizations that specialize in startup immigration can greatly increase your chances of success. Let’s bring more brilliant minds from around the world to the land of opportunity! 🤝💡🌎
References
- Ask Sophie: Is it easier yet for AI founders to get green cards?
- Ask Sophie: How do we transfer H-1Bs? Can we transfer green cards too?
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Don’t forget to share this article with your friends and colleagues on social media! Let’s spread the word and help aspiring startup founders navigate the complexities of immigration. Together, we can build a more vibrant and inclusive startup ecosystem. ✨📲💻
About the Author:
Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley, California, and the proud winner of the 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” With her passion for transcending borders and connecting the world, Sophie practices immigration law with compassion and expertise. Connect with Sophie on LinkedIn and Twitter.
