America has always been open for business. To help improve America’s economy through increased capital spending, innovation, and job creation, the Department of Homeland Security (DHS) published a new rule to improve the ability of certain start-up entrepreneurs to grow their enterprises within the United States.
This means that a foreign entrepreneur, who demonstrates that their start-up entity would significantly benefit the country through its rapid growth and job creation, might be granted a period of authorized stay in the US of up to 30 months to develop this business.
This new rule will benefit around 2,940 entrepreneurs annually, who might extend the initial stay period by up to 30 additional months. Each start-up business is eligible for up to three founders, who will be allowed to work only for that particular start-up business. Their spouses may apply for work authorization in the United States.
There are many criteria to be considered under this rule, mainly about having a substantial ownership interest in a start-up entity created within the past five years in the United States, a central role in the entity, a significant public benefit to the United States by investment of capital with substantial potential for rapid growth and job creation.
If you need more information about this new rule and the opportunity it represents, schedule a consultation with HAYMAN-WOODWARD now.
If you have plans to internationalize your investments, develop business, and begin your expatriation process, it is important to have a team of lawyers with proven experience, acting in several jurisdictions and accredited by the respective governments. Our highly specialized professionals possess the technical skills required to evaluate the best alternatives and meet your needs and expectations.
To know which immigration option best suits your profile and that of your family, in addition to knowing more about the many possible alternatives for your projects to develop successfully, talk to one of our expert attorneys.
Our attorneys will assist you in all the details of your expatriation, at all stages, including business development in the United States. For our law firm, each case is unique and is treated as such, with personalized and individualized solutions.
HAYMAN-WOODWARD PLLC is a Washington (D.C) based law firm, specializing in immigration and federal tax laws; and affiliated with HAYMAN-WOODWARD CORP, a business development, and expatriation consulting firm. All legal services are provided by duly-licensed attorneys in each jurisdiction.