US: Final International Entrepreneur Parole Regulation Moves Closer to Publication

The Office of Management and Budget (OMB) has begun to review a final regulation that, as originally proposed, would allow up to five years of temporary stay, on a case-by-case basis, for qualifying foreign entrepreneurs who establish a U.S. start-up entity that has substantial U.S. investment and the potential for rapid growth and job creation.

The long-awaited international entrepreneur regulation was first announced in November 2014 as part of President Obama's planned executive actions to encourage innovation and support U.S. high-skill businesses and workers and was published in proposal form in August 2016.

US: USCIS to propose temporary parole programme for entrepreneurs

The federal Office of Management and Budget (OMB) has cleared a USCIS proposal to create a program that would provide temporary parole, on a case-by-case basis, to certain foreign investors, researchers and entrepreneurs who will establish a start-up entity in the United States.