Good News For Global Entrepreneurs! Foreign Startups Can Stay in U.S. For 5 Years

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The U.S. is making it easier for startups, business owners and entrepreneurs to extend their stay.  Remember the Obama-era program called the International Entrepreneurs Rule (IER)?

Under this programme, foreign entrepreneurs were initially allowed to stay in the US for two-and-a-half years. Now, according to the US Citizenship and Immigration Services (USCIS), they can remain for up to five years if their ventures meet specific criteria such as funding milestones and job creation.

Learn the particulars here.

Life Is Not Easy. Doing What You Love, That's What Makes Life

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“Life is not easy,” says Mexican pastries and bread business, Clementina’s Sweets founder Esmeralda Jimenez. “Doing what you love, that’s what makes life.”

The pandemic has disproportionately affected women, with significant numbers laid off, leaving their jobs or reducing work hours to care for children being schooled at home or other family members.

So if you are dreaming of becoming your own boss, these women made it happen during COVID-19.

The Explosion of Fintech Startups in Latin America

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The explosion of Latin American fintech startups is largely due to an increase in scalable and easily accessible technologies (allowing founders to test their ideas more quickly and affordably), there is an increase of mobile technology consumers, a cross-border market, and healthy competition so far.

Fintech companies are revolutionizing the way of understanding, creating and providing financial services in modern times, providing new ideas and renewing the traditional formula of the sector through the use of information technologies, mobile applications and big data.

Discover how in the race to create innovative financial products, Latin America has not been left behind and has shown itself as fertile ground.

Smaller Countries Need to Think Internationally From an Early Stage

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A founder in Sweden or Ireland knows from day one that their business needs to be international, if it is ever going to get really big.  Whereas a founder operating in the United States, India or China, for example, can focus 100 percent on their home market and still build a billion dollar business.

Smaller countries need to think international from an early stage.

According to an article published at Venture Beat:

Startups from countries with a population of less than 50 million go international twice as fast as startups from countries with a population of more than 50 million: 1.4 years as opposed to 2.8 years.

Read more about when your startup should expand internationally.