Foreign entrepreneurs building new companies in the United States could soon gain a new immigration option that would grant them temporary entry for up to five years, under a rule proposed on Friday by the Department of Homeland Security.
The proposal, which does not require congressional approval, would allow immigration officials to admit entrepreneurs case by case. To qualify, an applicant must have an “active and central role,” and a significant ownership stake, in an American company founded in the last three years.
Image: When Patrick Collison, an Irish immigrant, co-founded the payment processing company Stripe, visa issues were a significant hurdle. Credit Pau Barrena/Bloomberg
