USCIS has just announced increases to investment and revenue thresholds for International Entrepreneur Parole which will take effect on October 1, 2024.
Key changes include:
For initial IEP applications:
- Higher amounts for qualified investments to $311,071 (currently $264,147); and
- Higher amounts for qualified government awards/grants to $124,429 (currently $105,659);
For IEP extension/renewal applications:
- Higher amounts for qualified investments, qualified government awards/grants, or a combination of both to $622,142 (currently $528,293);
- Creation of at least 5 qualified jobs; or
- Higher amounts to generated annual revenue to $622,142 (currently $528,293)
For “qualified investors”:
- Qualified investors must have made investments in other start-up entities totaling to $746,571 (currently $633,952);
- At least 2 of the start-up entities the qualified investor has invested in have created at least 5 qualified jobs OR generated $622,142 (currently $528,293) in revenue with average annualized revenue growth of at least 20%.
For more details, please read the announcement on the USCIS website here: https://www.uscis.gov/newsroom/alerts/uscis-to-begin-triennial-investment-and-revenue-threshold-updates-for-international-entrepreneur
If you are interested in filing an IEP application for your start-up entity, please reach out to [email protected] or call (206) 292-5237.