Chicago – July 27, 2024
U.S. Citizenship and Immigration Services (USCIS) announced it would increase the investment and revenue thresholds for foreign startup founders applying for a visa under the International Entrepreneur Rule.
Starting October 1, 2024, foreign entrepreneurs now need to show their company has an investment of at least $311,071 or at least $124,429 in government awards or grants.
For renewals, the founder must show their startup has received at least $622,142 in investments, created at least five jobs, or reached an annual revenue in the U.S. of at least $622,142.
