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Mint Explainer: What US' entrepreneur rule means for Indian startup founders

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Mint Explainer: What US' entrepreneur rule means for Indian startup founders

The US Department of Homeland Security has revised its International Entrepreneur Rule (IER) to allow non-citizen founders to apply for an authorized stay in the country if they demonstrate significant public benefit through their startups. The rule applies to entrepreneurs living abroad or already within the US, and their startup entities must have been formed in the US in the past five years and show potential for rapid growth and employment opportunities. Indian startup founders may benefit from access to funding opportunities and a diverse consumer base in the US, but challenges include stringent eligibility criteria and exposure to US taxation. The impact on Indian startup founders looking to flip back to India remains uncertain.

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