E-2 VISA
Posted on September 9, 2016
A Short History.
In 1924 the Immigration and Nationality Act ( INA) created the E-1 Visa, this lead to an increase in international investments. In 1952 the INA created a new investor class with the E-2 Visa, to order to continue promoting the goal of increasing international investments and attracting foreign investors.
The E-2 Visa is often referred to as the Treaty Visa, because in order to qualify for an E-2 Visa you must be a citizen of a qualifying country. Treaty Countries have an agreement with the U.S. to promote positive relations, trade and economic growth & it means that the other country has similar laws where a U.S. investor could purchase or start a business and obtain a visa to conduct business in that country.
The Limitations of E-2 Visas.
E Visas have limitations, even though people who hold these types of Visas have contributed substantially to the U.S. economy, E-2 Visas do not lead to permanent residency, green cards or citizenship. If you close your qualifying business you must leave the country. And when your dependents turn 21 they will be required to leave the U.S.
This and other U.S. Immigration reforms are currently pending before congress – check the Department of Homeland Security’s website for updates and to learn more about the E-2 VISA or contact us we will be happy to guide you through the qualification and application process.