The International Entrepreneur Rule, scheduled to go into effect July 17, has been delayed until March 14, 2018.
The rule would have given the Department of Homeland Security (DHS) authority to grant certain foreign entrepreneurs a parole – permission to live and work in the US – for up to 30 months, with the possibility of an extension.
The benefit was meant for foreign entrepreneurs who were able to demonstrate that their stay in the US would provide a significant public benefit e.g. job creation.
The rule was proposed by Prez Obama. DHS estimated that 2,940 entrepreneurs would be eligible every year. The parole could be extended to up to three people per start-up. Permission to work would only be granted for the company in question.
Spouses and children of the entrepreneurs would be allowed to stay as well, with spouses eligible for a general work permit (EAD).
DHS stated that the delay will provide it “with an opportunity to obtain comments from the public regarding a proposal to rescind the rule.”