
6 Steps to Take Before Expanding Your Business Internationally
Tap into insider insights from a seasoned founder on maximizing your startup's potential with these expert tips.
The L-1A visa is for managers and executives who are transferring to the US from a company abroad. The L-1A is great for founders who have already created a startup abroad, have been working for the startup for at least one year, and want to open a US office for the startup. It’s also an option for companies that have employees overseas that need them in the US temporarily.
Allows up to three foreign co-founders to enter the US to provide significant public benefit to the US through business growth and job creation. This means they don’t need an employer sponsor. To qualify for IEP for an initial 30-month period, founders must demonstrate the following:
1. The startup is a US corporation that is less than five years old.
2. They have at least a 10% ownership stake in the startup, and the founder is central to and plays an active role in the startup.
3. For the initial parole application, the startup must demonstrate having raised $250,000 in funding from “qualified investors” or $100,000 from qualified government grants or awards.
4. When funding originates from investors, it must be shown that the investor has made a minimum investment of $600,000 over the previous five years. These investments must have either created at least five qualified jobs or generated a minimum of $500,000 in revenue, with an annualized growth of at least 20%.
5. The startup’s qualifying US investors have made aggregate investments of no less than $633,952 in startup entities over five years. Additionally, at least two of these entities have each created five jobs or generated a minimum of $528,293 in revenue, with an annualized revenue growth of at least 20%.
Explore this detailed article by Sophie Alcorn, founder of Alcorn Immigration Law, on BeDeck, discussing, ‘Which US Visa Is Best For International Startup Founders’?
Tap into insider insights from a seasoned founder on maximizing your startup's potential with these expert tips.
Cristián Ojeda, Founder of Simplex, shares his journey into the world of tech entrepreneurship.