As established in 2017, the International Entrepreneur Rule allows the Department of Homeland Security (DHS) to grant a period of authorized stay, or parole, to entrepreneurs who would provide a significant public benefit through their startup business. When initially published, the Rule required that DHS adjust the investment and revenue thresholds for inflation every three years. The next adjustment is set to take effect on the first day of the next fiscal year, on October 1, 2024.
More specifically, the amounts will be adjusted as follows:
- Initial applications – startup entity’s substantial potential for rapid growth and job creation
- Increasing from at least $264,147 to at least $311,071 in qualified investments from qualified investors
- Increasing from at least $105,659 to at least $124,429 in qualified government awards or grants
- Second period of authorized stay – entrepreneur must demonstrate that the startup entity has either:
- Received a qualified investment, qualified government grants or awards, or a combination of the two, of at least $622,142 (increased from $528,293);
- Created at least five qualified jobs; or
- Reached annual revenue in the United States of at least $622,142 (increased from $528,293) and had an average of 20% or more in annual revenue growth.