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New immigration restrictions for foreign entrepreneurs

New immigration restrictions for foreign entrepreneurs

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June 07
15:20 2018

DHS SEEKS TO ELIMINATE IE FINAL RULE

Newsroom/El Comercio de Colorado

The Department of Homeland Security (DHS) is proposing a rule to end the International Entrepreneur Rule (IE Final Rule). According to this rule, certain foreign entrepreneurs can be considered to come to the United States to develop and build start-up businesses here. In July 2017, DHS published a final rule to delay the implementation date of the IE Final Rule to March 14, 2018, to give the Department time to draft a rescission of the IE Final Rule.

However, in December 2017, a federal court vacated the delay rule, requiring USCIS to begin accepting international entrepreneur parole applications consistent with the IE Final Rule. DHS is now proposing to eliminate the IE Final Rule because the department believes that it represents an overly broad interpretation of parole authority, lacks sufficient protections for U.S. workers and investors, and is not the appropriate vehicle for attracting international entrepreneurs.

By statute, DHS has discretionary authority to parole individuals into the United States temporarily, on a case-by-case basis, for urgent humanitarian reasons or significant public benefit. After reviewing DHS parole programs in accordance with the Executive Order titled Border Security and Immigration Enforcement Improvements, issued on Jan. 25, 2017, DHS is proposing to remove regulations published as part of the IE Final Rule.

Visas E-2 and EB-5

DHS concluded that the IE Final Rule created a highly-structured program that was best established by the legislative process rather than relying on an unorthodox use of the Secretary’s authority to “temporarily” parole, in a categorical way, aliens based on “significant public benefit”. The Immigration and Nationality Act already provides for visa classifications, E-2 nonimmigrant and the EB-5 immigrant, that enable certain entrepreneurs to start businesses in the EE.UU.

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Edición Virtual | #323 | 11 de octubre 2018

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