Investment, revenue thresholds increased for International Entrepreneur program

Investment and revenue thresholds for the International Entrepreneur (IE) program have increased.

Key Points:

• Under changes that took effect Oct. 1, applicants may be eligible for initial parole if they demonstrate that their entity has received the following investment amounts within 18 months of filing an initial parole application:
  • $264,147 from one or more qualified investors.
  • $105,659 from one or more qualified government awards or grants.
• The revenue amount for those applying for re-parole has increased from $500,000 to $528,293.
• Applicants who do not meet the requirements above may still qualify for the program if they provide evidence that the start-up has “substantial potential for rapid growth and job creation.”

Background: USCIS has been accepting IE parole applications since Dec. 2017 after a federal court vacated a delay put in place by the Trump administration. In May, the Biden administration formally withdrew a Trump administration plan that would have eliminated the IE parole program.

The increase in investment and revenue amounts is part of an automatic adjustment occurring every three years based on the Consumer Price Index. More information on eligibility requirements and the application process can be found on the IE parole program page.

This alert has been provided by the BAL U.S. Practice group. For additional information, please contact berryapplemanleiden@bal.com.

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