New Entrepreneur Rule Could Let Startup Founders Stay In US

Law360, New York (August 26, 2016, 12:06 PM EDT) -- U.S. Citizenship and Immigration Services issued a proposed rule on Friday that would allow immigrant startup founders to receive temporary permission to be in the country, otherwise known as "parole," setting the stage for a new potential way for foreign entrepreneurs to build companies in the U.S.

In a statement, USCIS released a copy of the new entrepreneur rule, which is part of President Barack Obama's 2014 immigration executive actions. Under the proposed rule, the U.S. Department of Homeland Security would be able to parole entrepreneurs who have at least a least 15 percent ownership stake in a startup, and have...

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