The U.S. Citizenship and Immigration Service officially released its notice to delay the implementation of the International Entrepreneur Rule to March 14, 2018. The Notice seeks public comment on the prospect of rescinding the plan.
Had the plan been left to go live on July 17, 2017 this year, entrepreneurs seeking to remain in the U.S. who were poised start hiring U.S. workers could stay in the U.S. to run their enterprises for 30 months. If their start-ups were successful during that time period, they could renew for an additional 30 more months. They could bring their spouses and children to the U.S. to develop their business and expand their operations. This program would have been the closest solution to the lack of a start-up visa the last five sessions Congress have failed to pass into law.
Meanwhile, Canada, Australia, the United Kingdom, Chile, Brazil, France and many other countries are all too eager to provide start-up packages for entrepreneurs willing to relocate their new endeavors there. Though, the reality is that there is only one Silicon Valley and the start-up community is inherently different and unique to the Bay Area. Many entrepreneurs come to the Bay Area to make connections in hopes of being the next big unicorn.
It’s disappointing that the Notice that was published today, fails in an epic way, to explain exactly what aspects of the International Entrepreneur Rule would have a significantly negative impact on job creation or security in the U.S. Rather, the Service explains that logistically, it would be unfair to expend USCIS resources beginning July 17th if the rule were to be ultimately scrapped down the road. Unsurprisingly, the Trump Administration remains conveniently silent on this matter.
One can only hope that a newer, better International Entrepreneur Rule will take it’s place but if the rewrite of the current Health Care bill is any indication of progress, we’re in for a long ride!