E-2 INVESTOR VISA
Citizens of some 79 countries are eligible to receive an E-2 Investor Visa when they buy or start a self-managed business in the United States with approximately a $100,000 investment.
Some eligible Eastern European and Central Asian countries include: Ukraine, Lithuania, Latvia, Estonia, Moldova, Romania, Bulgaria, Poland, Czech Republic, Serbia, Armenia, Georgia, Kazakhstan, Azerbaijan, Uzbekistan, Kyrgyzstan and Mongolia (Russia and Belarus are not eligible).
Any type of business qualifies. Our E-2 clients include business people who bought semi-trucks, cafes, construction businesses, property management companies, retail stores, etc. To start the E-2 process, it is often sufficient to show a business plan and an escrow account showing that about $100,000 is committed to the business. There is no limit to the size of this business, but any business with an investment amount less than $100,000 will be reviewed carefully by the government and may be denied.
PROCESS, REQUIREMENTS AND COMMENTS
The E-2 Visa Investor may use his own funds or borrow the funds for his investment into the U.S. business from other people or companies in any country. We would need to include any loan documentation and any collateral that may have been used to secure the loan.
The E-2 Visa Investor must own at least 50% of the business.
The E-2 Visa can be obtained in about 2-3 months. It does not lead to a Green Card, but also does not prohibit the E-2 Investor from seeking a Green Card through other processes. (For example, Labor Certification).
The E-2 Visa is renewed every 2 years, and can be available indefinitely, provided the E-2 Investor continues to conduct business. The E-2 Investor’s spouse and children can live in the U.S as well. The E-2 Investor’s spouse generally qualifies for a work authorization and may work for any company. The children can attend school, etc. The E-2 Investor and family members may open accounts, get driver’s licenses, purchase real estate, travel abroad and come back to the United States, and generally do all things permanent residents can do (but without a permanent residence).
If needed, we provide all business acquisition and management solutions for a newly started business or assist in finding and analyzing a business to be purchased.
This summary is not intended to be a legal consultation and intended to be a general description. A legal consultation is necessary before any action is taken. Please call Chicago Law Group (847) 579-9989.