E-2 Visa- The E-2 nonimmigrant classification enables an individual from a treaty country (a nation with which the United States has a treaty of commerce and navigation, holds a qualifying international agreement, or has been identified as a qualifying country by legislation) to enter the United States by investing a substantial amount of capital in a U.S. business. Substantial capital, in the context of E-2 classification, means an amount:
- Relative to the total cost of either purchasing an established enterprise or establishing a new one.
- Sufficient to demonstrate the treaty investor’s financial commitment for the successful operation of the enterprise.
- Significant enough to support the likelihood of the treaty investor effectively developing and directing the enterprise. The proportionality of the investment increases with lower enterprise costs.
A bona fide enterprise is a genuine, active, and operational commercial or entrepreneurial endeavor that produces services or goods for profit. It must meet the relevant legal requirements for doing business in its jurisdiction.
To be eligible for E-2 classification, the treaty investor must:
- Hold nationality in a country with which the United States maintains a treaty of commerce and navigation.
- Have invested a substantial amount of capital in a legitimate enterprise in the United States, or be actively in the process of making such an investment.
- Intend to enter the United States exclusively to oversee and manage the investment enterprise. This is demonstrated by having at least 50% ownership of the enterprise or exercising operational control through a managerial position or another corporate arrangement.
Also, the origin of investment funds must be clear and verifiable.
Specific employees of such an individual or a qualifying organization may qualify for this classification. To be eligible for E-2 classification, the employee of a treaty investor must:
- Share the same nationality as the principal alien employer, who must have the nationality of the treaty country.
- Fulfill the legal definition of an “employee.”
- Either perform executive or supervisory duties, or, if employed in a lesser capacity, possess special qualifications.
Duration: The duration of stay and the number of entries allowed depend on the treaty country, typically ranging from 3 months to 5 years. However, if you apply for a change of status within the U.S., your stay is limited to 2 years. It’s essential to be aware of the distinction between a visa and status – a visa is necessary for travel and multiple entries to the U.S., whereas status only grants the option to stay in the U.S.
Family Members: Treaty traders and employees may be accompanied or followed by spouses and unmarried children who are under 21 years of age.