The recent release of supplementary guidance for the International Entrepreneur Rule (IER) by the Department of Homeland Security represents a significant milestone for non-U.S. entrepreneurs seeking to establish and expand their startups in the United States. Termed as the closest equivalent to a “startup visa” in the U.S., this initiative presents a distinctive opportunity for foreign entrepreneurs to bring their business ventures to the country.
Administered by the Department of Homeland Security, the IER provides a “parole” status for non-U.S. entrepreneurs, enabling them to enter the country and work on their startup for an initial period of 2½ years, with the potential to apply for an additional 2½ years. This programme outlines specific requirements for candidates to meet, and while on the parole status, they may also pursue formal visa applications. Furthermore, spouses of these foreign entrepreneurs are eligible to seek work authorisation.
Originally introduced during the Obama administration but only put into effect in 2021 due to delays by the Trump administration, the initiative has encountered limited success since its implementation. Out of 94 applications, only 26 cases have been approved, with 28 rejections and 40 pending or withdrawn applications. The recent publication of more coherent information by the DHS regarding the qualification criteria for entrepreneurs and startups is likely an effort to increase participation in the programme.
Nevertheless, it is essential to recognise that the IER does not provide a comprehensive solution for foreign-born founders seeking to establish their businesses in the U.S. The establishment of a genuine “startup visa” can only be achieved through legislative action by Congress.
The surge in tourism is posing considerable challenges for popular global destinations, resulting in escalating prices, environmental degradation, harm to historical sites, and growing dissatisfaction among local residents. This tourism tsunami displays no sign of abating, imperilling some of the planet’s most exquisite and iconic locations.
During President Biden’s recovery from COVID, reports indicate his eagerness to resume his campaign trail, with potential visits to Georgia and Texas in the coming days. Despite calls from within his own party to step down, Biden seems resolute in pursuing his political activities while combatting COVID at his Delaware beach house.
In response to the deteriorating security situation in the West Bank, the White House has allegedly deliberated potential sanctions against two hard-line Israeli Cabinet ministers. The Biden administration is expressing deep frustration with the Israeli government’s policies on settlement expansion and weakening the Palestinian Authority, particularly with the alignment of more extreme members of the government with extremist settler groups.
It is crucial to monitor these developments as they carry noteworthy implications for international entrepreneurs, global tourism, and diplomatic relations between the U.S. and Israel. As these narratives continue to unfold, they provide valuable insights into the complexities of international business, travel, and geopolitics.