The Obama administration has proposed a new federal rule that will allow entrepreneurs to work legally in the US for two years, with the possibility of a three-year extension.

It has emerged that the new rule, which was formally proposed on Friday, will empower the Department of Homeland Security to provide entrepreneurs with the right to live and work in the US provided certain conditions are met.

Entitled the International Entrepreneurial Rule, it is aimed at making it easier for foreigners to start up businesses in the US and create jobs there.

The rule comes in the wake of the US Congress failing to pass a “start-up visa” as part of wider immigration reform.

The new rule won’t be subject to congressional approval and the public has 45 days to comment.

Full article at source: US to allow foreign entrepreneurs work legally for up to 5 years