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Hey Peter, I am the Co-founder and CEO of an early stage start-up incorporated in Delaware. I am originally from Bangladesh and have just closed our pre-seed r
by srtanzim 5y ago
Hey Peter,
I am the Co-founder and CEO of an early stage start-up incorporated in Delaware. I am originally from Bangladesh and have just closed our pre-seed round of $300k from an investor in the United States.
Which of the following options would be the best for me?
1. International Entrepreneur Parole: Raised >$250k so should be eligible.
2. O1: By my understanding, I meet the following criteria:
Award- $300k USD pre-seed investment from a top investor in the United States.
Memberships- OnDeck (beondeck.com)
Critical Employment- Co-founder and CEO
Judging- Judged start-ups for investment competition in St. Louis ($50k cheques).
High Remuneration- Own 60% Equity in my start-up
3. E2: Being from a treaty country can I apply for this or would I need to invest my own money into my start-up?
- proberts 5y agoThe IEP seems like the best option and a good one. The E-2 would require investments by you and/or other Bangladesh citizens into the US company and then expenditures by the US company. Based on the information provided, I would put the O-1 odds at less than 50%.
- riyakhanna1983 5y agoThanks, Peter! Would you know the processing time for IEP application? Could it be expedited?
- proberts 5y agoThe processing time is completely unknown right so we'll have to wait and see and premium processing isn't available - although where the circumstances are very, very compelling, it's possible to request expedited review (with such requests rarely granted).
- wesammikhail 5y agoHi Peter, Thanks for doing this. As far as I know, the IEP structure has no clear path to permanent residency like some of the other options. Is that your understanding as well or am I missing something here?
- proberts 5y agoIt's a common misconception that a nonimmigrant status somehow leads to a green card or limits the green card options in any way. There is no connection between the two. So someone in IEP "status" could pursue a green card but because IEP is not considered an admission, he or she would have to go the immigrant visa route through a US Consulate abroad rather than the adjustment of status route through USCIS.
- iamcreasy 5y agoWhat does IEP stand for?