People who want to come to the United States have several options to sort through so they can determine the best way to make that happen. One option that some individuals have is the E-2 visa. This is a non-immigrant visa category that enables people who are from certain countries to come to this country to direct and develop a business in which they have a substantial investment.
In order to qualify, the person must be from a country that has a treaty with the U.S. This type of visa is designed to facilitate international entrepreneurship and economic growth by encouraging foreign nationals to boost business activities within this country.
Requirements for the E-2 visa
In order to qualify for the E-2 visa, the person must be a citizen of a country that maintains a qualifying treaty with the U.S. They must show that they have invested or are in the process of actively investing a substantial amount of capital in a bona fide company in this country.
While U.S. immigration regulations don’t have a specific minimum investment, the investment made must be sufficient to ensure the successful operation of the business. The nature of the business and operating costs are considered when determining suitability. Passive investments don’t qualify for this type of visa.
Another requirement is that the applicant for the E-2 visa must show that they have the intent to leave the country when the visa expires. It’s sometimes possible to renew the visa as long as the business remains viable.
Limitations and benefits of E-2 visas
While an E-2 visa provides significant opportunities for entrepreneurs, they don’t offer a path to permanent residency. Individuals who want to become citizens will have to explore other options.
The initial stay on an E-2 visa is up to two years and incremental extensions of up to two years each are possible. There’s no limit to how many extensions a person can receive. Additionally, it’s possible for spouses and dependent children to accompany the E-2 visa holder. In some cases, spouses can receive work authorization while they’re in the U.S.
This type of visa has very strict requirements. Working with someone who’s familiar with current immigration laws and regulations may be beneficial for anyone interested in applying.