The Entrepreneur Start Up Visa is Back
The Biden Administration has announced that it is reviving the International Entrepreneur Program, which provides foreign-born entrepreneurs a temporary immigration pathway for up to five years. Primarily aimed at start-ups, the program will be accessible to individuals who have founded new companies within the three years prior to applying and that has attracted at least $250 000 in capital from American Investors or at least $100 000 in grants from Federal, State or local government agencies.
The program was first introduced by the Obama administration in 2017 but was blocked from being implemented by President Trump shortly after his inauguration. In reviving the program, the Biden administration hopes to attract promising entrepreneurs to the USA since the program not only allows its beneficiaries to legally work for their start-up companies, but it also provides work authorization for accompanying spouses.