What are the requirements for a foreign entrepreneur to obtain an E-2 visa for starting a business in the United States?
As a lawyer, it is important to note that obtaining an E-2 visa for starting a business in the United States as a foreign entrepreneur requires meeting specific requirements. The E-2 visa is a non-immigrant visa that permits foreign nationals to enter the United States for the purpose of establishing and operating a business.
To qualify for an E-2 visa, the foreign entrepreneur must have citizenship of a country that has a bilateral treaty of commerce and navigation with the United States. They must also have invested, or be in the process of investing, a substantial amount of capital in a U.S. business, and be able to demonstrate that they will direct and develop this business while maintaining at least 50% ownership.
In addition to these requirements, the foreign entrepreneur must also demonstrate that their business will create employment opportunities for U.S. workers, and that they possess the necessary skills and experience to successfully operate and manage the business.
It is important to note that there are certain limitations and exceptions to these requirements. For example, while there is no minimum investment amount required, the investment must be substantial and proportional to the size and scope of the business. Additionally, the business must be a legitimate enterprise that is not solely established for the purpose of obtaining an E-2 visa.
Foreign entrepreneurs should also be aware that the E-2 visa is only granted for a period of two years, but may be renewed indefinitely as long as the requirements continue to be met.
If you are a foreign entrepreneur seeking to obtain an E-2 visa for starting a business in the United States, it is advisable to seek the assistance of an experienced immigration lawyer who can provide guidance and support throughout the application process.