On our Emerging Companies Insider blog, Fox associate Alex Radus provided an update on the new International Entrepreneur Rule by the U.S. Citizenship and Immigration Services (USCIS). The rule, which would grant limited entrée to entrepreneurs establishing stateside startups, has undergone a public comment period. Slated to become effective July 17, 2017, the rule would permit the Secretary of Homeland Security to offer parole (temporary permission to be in the U.S.) to individuals whose businesses provide “significant public benefit.” That means the startup should have a substantial potential for rapid growth and job creation, and that the entrepreneur’s parole would significantly help the startup conduct and grow its business in the U.S. As a result of public comments, USCIS generally made it easier for foreign entrepreneurs to establish startup companies in the U.S. via the program.
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On our Emerging Companies Insider blog, Fox associate Alex Radus published an excellent piece covering a proposed new rule by the U.S. Citizenship and Immigration Services (USCIS). The rule would grant limited entrée to entrepreneurs establishing stateside startups. The rule would permit the Secretary

USCIS Publishes Draft EB-5 Policy Memorandum for Public Comment

USCIS issued a DRAFT policy memo relevant to EB-5 adjudication of Form I-526 and Form I-829 regarding the requirements for job creation and to sustain the investment during the conditional residence period.

Any interested party may submit comments to the draft memorandum by email to ope.feedback@uscis.dhs.gov

The U.S. Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy and U.S. Citizenship and Immigration Services (“USCIS”) have jointly issued an Investor Alert to warn potential investors about fraudulent investment scams that exploit the Immigrant Investor Program, also known as “EB-5.” The SEC and USCIS have issued this alert in response to

The EB-5 Immigrant Investor Program, a program designed to stimulate the U.S. economy through job creation and capital investment by foreign investors, is becoming more popular.  The program, however, is complex and far from straightforward.  This uncertainty can (and often does) have the effect of discouraging the would-be foreign investor, particularly given the amount of