
The E-2 visa is a popular option for entrepreneurs and investors seeking to start or expand their business in the United States. This non-immigrant visa allows individuals from treaty countries to live and work in the US based on a substantial investment in a US enterprise.
While the E-2 visa offers several advantages, it also comes with its share of drawbacks. In this blog post, we’ll explore the pros and cons of the E-2 visa and discuss how hiring Olena Manilich, an experienced immigration lawyer, can help you navigate the application process successfully.
Pros of the E-2 Visa
- No Minimum Investment Amount: Unlike the EB-5 visa, the E-2 visa does not have a specific minimum investment amount. However, the investment must be substantial and sufficient to ensure the successful operation of the business.
- Rapid Processing Time: E-2 visa applications are generally processed more quickly than other types of visas, allowing entrepreneurs and investors to start their business ventures in the US sooner.
- Spouse and Dependents Benefits: The spouse and unmarried children under 21 of an E-2 visa holder can also obtain E-2 dependent visas, allowing the family to live together in the US. Additionally, the spouse can apply for work authorization.
- No Annual Cap: There is no limit to the number of E-2 visas issued each year, increasing the chances of obtaining the visa.
- Renewable Indefinitely: While the E-2 visa is initially granted for a period of up to 2 years, it can be renewed indefinitely as long as the underlying business continues to operate and meet the E-2 visa requirements.
Cons of the E-2 Visa
- Limited to Treaty Countries: The E-2 visa is only available to nationals of countries that have a treaty of commerce and navigation with the United States. This can limit the options for entrepreneurs and investors from non-treaty countries.
- Non-Immigrant Visa: The E-2 visa is a non-immigrant visa, meaning it does not directly lead to permanent residency (green card). However, E-2 visa holders may explore other avenues to obtain a green card while living in the US.
- At-Risk Investment: The investment must be “at-risk” meaning it must be subject to potential loss if the business fails. This can be a significant concern for entrepreneurs and investors.
- Active Business Management: E-2 visa holders are required to actively participate in the management and operation of the business, which can be challenging for those who prefer a more passive investment role.
Why Hire Olena Manilich to Assist with Your E-2 Visa Application?
Navigating the complexities of the E-2 visa application process can be daunting. Hiring an experienced immigration lawyer like Olena Manilich can significantly improve your chances of success. Olena Manilich and her team can help you:
- Determine if the E-2 visa is the right option for your specific situation.
- Develop a comprehensive business plan to support your E-2 visa application.
- Gather and prepare the necessary documentation to prove your eligibility.
- Represent you in communications with the US government throughout the application process.
Don’t leave your E-2 visa application to chance. Contact us today!