A US Federal Court has again opened the doors to the US Startup visas through the International Entrepreneur Rule. A District Court Judge in the US has given a verdict that the Obama era immigration rule cannot be delayed by the Trump administration. This rule permits qualified entrepreneurs to provisionally remain in the US to develop their Startups.
IER was finalized by the then US administration led by Obama. It permitted eligible entrepreneurs to receive an immigration parole. This means they could provisionally arrive and reside in the US even if they did not possess a Green card or a visa. It is popularly known as the US Startup visas.
IER or US Startup visas are actually a permit for overseas entrepreneurs to remain in the US for 2 years and 6 months. They can also obtain a similar extension of the permit. It was scheduled to become effective from 17 July 2017, as quoted by the Times of India.
Meanwhile, in the first week of July this year, it was announced by the Department of Homeland Security that IER would be delayed to 14 March 2018. It also said that the final rule was actually planned to be annulled. This prompted a group of entrepreneurs including some Indian entrepreneurs to file a lawsuit in the US Federal Court. They were also joined by the US-based National Venture Capital Association.
James E Boasberg pronounced the verdict opening the doors to US Startup visas. This now compels DHS to start accepting the applications from overseas entrepreneurs. The USCIS is a wing under the DHS.
National Foundation for American Policy in its report in 2016 pointed out that migrants have launched more than half of the Startups in the US. It is 44 out of 87 startups that are valued at more than 1 billion dollars. Indians had launched 14 of these startups out of the 44.
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