What type of Business is Eligible for an E-2 Visa?
Writer : Adeela Qayyum
What kind of company qualifies for an E2 visa? is the topic that this post will cover. The answer to that question is important because many people wonder what kind of business they should invest in when considering applying for an E2 visa. The solution, though, is up to you. But frequently, people are unsure of the kind of business they want to invest in. You must invest in an active for-profit firm as one of the major conditions for the E2 visa.
An E2 Visa is required if foreign national wishes to invest in, launch, or expand their business into the United States. The E2 Visa is only available to nationals of a country with which the United States has a treaty and comes with the same qualifications and conditions as any other type of immigration. There is a way to still apply for an investor visa if you are a citizen of a non-treaty country.
The E2 visa is a unique non-immigrant visa that enables nationals of specific nations who have an E2 treaty with the United States to invest in a business in the United States. They can do this by purchasing an existing business or by investing in a brand-new startup company. They can obtain an E2 visa based on making that investment in order to live in the country and run their company. Therefore, coming to the US and having the chance to run and expand their own businesses there is a fantastic alternative for investors, business owners, entrepreneurs, and others.
The E2 Visa has become one of the most demanded by foreign nationals and investors since it offers the holder and their family a wide range of advantages, such as:
- In-state university fees apply to free education in public schools and colleges in the United States.
- Holders of E2 visas may hire skilled personnel through sponsorship.
- The visa may be extended forever as long as the company continues to operate.
- Anyone in the United States may hire a spouse.
- E2 visa holders are free from worldwide income taxation for up to 120 days when living in the United States.
Several investment options available to you under the E2 visa:
- You may invest heavily into a franchise,
- You may create your own new business.
- You might invest in an already-running company,
- You could run a cleaning service as part of your business, for example.
- You might invest in a retail business where you offer a certain type of goods,
- You might invest in a cafe or a restaurant.
You have a lot of possibilities when it comes to being eligible for an E2 visa. Because of this, a large number of investors experience “choice fatigue.” They are unsure on what to invest in.
How much money should I invest in this business?
The minimum investment required for an E-2 visa, although is informally set at $100,000 or more. It might be challenging to receive approval for anything less than $100,000, and you must demonstrate that you are making progress toward operational readiness at the time of application.
Making a sizable investment in your company is one of the essential criteria for obtaining an E2 visa. The regulations do not define what sum of money qualifies as considerable. At our law company, we advise at least $100,000 in investments, though investments for less than that amount may also be permitted.
Let’s say, for instance, that you wish to open a restaurant. Building and opening a restaurant can be highly expensive. For someone who wants to open a restaurant, there is plenty of room to invest money. In contrast, it may be challenging to determine where to make significant investments for a service-based organization like a tutoring firm.
Keep in mind that not every business is the same. Some firms just require an investment of $100,000 to get them up and running. Figuring out how you’re going to spend money in other industries, though, might be difficult.
What type of business should I invest in?
Ask yourself, what are my interests and what do I feel comfortable doing? What else do I believe has a good possibility of success or that I may reasonably expect to succeed in? These are crucial questions to ask yourself since you need to demonstrate that your company is substantial especially when you want to extend and renew your E2 visa. our company cannot be a marginal enterprise for the purposes of an E2 visa (one that only provides enough income for the E2 investor and their family).
You must prove that your company is not a minor enterprise when it’s time to renew your E2 visa. Your company needs to achieve some amount of success in order to do that. As a result, while selecting an option for your E2 visa business, you want to pick a venture that you are confident in and that you will like.