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Hi Peter, Taking a look at the IEPP webpage, I saw some vagueness that is common when looking at entrepreneurship visa programs in the US and elsewhere, for ex
by philipkiely 5y ago
Hi Peter,
Taking a look at the IEPP webpage, I saw some vagueness that is common when looking at entrepreneurship visa programs in the US and elsewhere, for example:
"The start-up entity has received a significant investment of capital from certain qualified U.S. investors with established records of successful investments;"
In this context, what is "significant investment?" 100K? 1M? 10M?
In this context, what is a "qualified investor?" Any accredited investor? Do VCs apply to some government entity to become qualified investors in this program?
I am not personally affected by these definitions ... I am a US citizen ... but many friends of mine are foreign nationals in the US on various visas so I try to maintain a decent working knowledge of immigration options and vague language like this makes developing this understanding more difficult.
- proberts 5y agoThese terms are actually defined in the regulations.
- philipkiely 5y agoOk cool, for others reading I found it: Substantial Investment is $250K of funding or $100K of grants (Just YC funding would not be enough to qualify on funding) The qualified investor must be a US person or entity who regularly makes this type of investment, has invested $600K in the past 5 years, and their investments have created 5 qualified jobs in the US. So it looks like most VCs and some larger angels would qualify. Edit: source: https://www.uscis.gov/sites/default/files/document/forms/i-941instr.pdf https://www.uscis.gov/sites/default/files/document/forms/i-9...
- proberts 5y agoThanks for providing! I would recommend that everyone interested in the IEPP read the form instructions on the USCIS web site. The form is 941. While they do not answer every question, they do provide a lot of good and clear information about the requirements.