LoginNews LetterNews02/05/06: H1B visa cap The visa-cap has increased from 80k to 90k in the past year reflecting increasing demand for... (read more) |
E-2 Treaty Investor VisaThe E-2 classification is authorized for a national of a country with which the United States has a commercial treaty, who is coming to the United States solely to direct and develop the operations of an enterprise in which he or she has invested, or is actively involved in the process of investing, a substantial amount of capital.If the alien is inside the U.S., the I-129 should be used to apply for a change of status, extension of stay, or change of employment. This category does not require a petition for employment if the alien is outside of the U.S. In that case, the alien applies for this category on his or her own behalf directly to a U.S. consular office abroad. The investment involved must place lawfully acquired, owned, and controlled capital at commercial risk with a profit objective, and be subject to loss if the investment fails. Spouses of E-1 and E-2 visa holders are eligible to obtain work authorization in the U.S. Application Document Requirements The application must be filed with the appropriate fee payment, and evidence that: The investor is a national of a country with whom the U.S. has the requisite treaty or agreement; The alien (or in the case of an employee of a treaty investor who seeks classification as an E-2, the owner of the treaty enterprise) will direct or develop the enterprise. The alien must demonstrate that he controls the enterprise by showing ownership of at least 50% of the enterprise, by possessing operational control through a managerial position or other corporate device or by other means; The investor has invested in or is actively in the process of investing in the enterprise; The investment is substantial, i.e. sufficient to ensure the investor’s financial commitment to the successful operation of the enterprise and big enough to support the likelihood that the investor will successfully direct and develop the enterprise; The investment enterprise is not a marginal enterprise; If the applicant is not the principal investor, he or she must be employed in an executive or supervisory capacity, or possess skills that are highly specialized and essential to the operations of the commercial enterprise. Ordinary skilled or unskilled workers do not qualify. That the applicant intends to depart the U.S. upon the expiration of E-2 status. How Much Money Do I have to Invest? This is a common question of individuals who are inquiring about E-2 visas. There is no exact answer to this question. While, the government doesn\'t require a specific amount that has to be invested, our firm recommends that the investment be substantial enough to develop the enterprise, that the enterprise have a detailed business plan and financial statement, and that the enterprise has taken substantial steps to establish the investment in the U.S. The following is a list of treaty countries whose nationals can participated in the E-1/E-2 visa program. http://travel.state.gov/visa/reciprocity/list_of_treaty_countries.htm |
 |
