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Executive Action for Entrepreneurs- Almost A Startup Visa

There will be several measures for immigrant entrepreneurs and details will emerge soon.  However, this is a significant development – this is a new program using the parole authority.   Entrepreneurs will be allowed into the US under the ‘significant public benefit’ parole authority to the following types of people who would otherwise not qualify for national interest waiver:

1. inventors

2. researchers

3. founders of startups

who have raised funding from substantial U.S. investor financing or otherwise hold the promise of innovation and job creation through the development of new technologies or the pursuit of cutting­ edge research. This would be  a temporary way of allowing people to enter the US and pursue the research and development of their business.

There will be a precondition that they have threshold income or resources to financially maintain themselves so as not to become a public charge.

This is a great addition and will help some startups but it is not a visa.  Congress needs to act to create a new visa category for Startups.

More to come soon.

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