E2 visa for business owners – entrepreneur & investor visas
E-2 Visa: A Path for Entrepreneurs
For those from countries with a treaty with the United States, an E-2 visa is an option. Brian D. Lerner, an E-2 attorney, recommends getting help to obtain this visa. He explains that the visa is for entrepreneurs. Lerner states that the E-2 is one of the best working visas because it lets you own and operate your own business.
While it requires periodic renewal, you can stay in the U.S. as long as you like. According to Lerner, an E-2 attorney, a successful application usually requires an investment of about $100,000. The Law Offices of Brian D. Lerner note that the more capital a business requires, the higher the necessary investment. For example, purchasing a restaurant demands a larger investment than a small consulting office.
Benefits for You and Your Family
Lerner also notes that your spouse and unmarried children under 21 can come as beneficiaries. Your children can attend U.S. schools without a separate student visa. The spouse is also permitted to apply for a work permit. This allows them to work anywhere in the United States.
The Importance of a Well-Prepared Petition
A great deal of the petition’s success depends on how it is prepared. The higher the investment, the easier it is to get approval. Brian D. Lerner, an E-2 attorney, says that the petition is usually two to four inches thick. It includes the petition itself, a complex business plan with many charts and figures, and the incorporation papers.
Once you submit the package to the Consulate, approval takes a few months. Lerner explains that many people create their own business plans, but they often do not meet immigration regulations. Therefore, an experienced E-2 attorney should prepare the business plan for you. The E-2 is a complicated U.S. visa petition. It requires an attorney with years of experience to handle it correctly. Only an E-2 attorney with years of experience can properly prepare the E-2. Otherwise, it will most likely be denied. The attorney will prepare a persuasive legal brief.
Key Considerations for Your E-2 Visa
You can also apply for a change of status while in the U.S. However, you cannot maintain that status if you leave the country. It is usually better to send the package directly to a U.S. Consulate or Embassy for a decision. Be sure to ask the E-2 attorney any questions you have about the E-2 petition. You should not begin this process without getting your questions answered.
Lerner also clarifies a common misconception. Some people believe they can just invest $20,000 to $30,000 in the business and put the rest of the money in a bank account. However, this is not the case. There should be at least $60,000 to $70,000 in actual investment. The rest can then go into a savings account. In fact, Lerner states that some people don’t know which of their business dreams to follow. The reality is that they can do both. There is nothing in the regulations that states you must only do one type of business. You can open a restaurant and also contract out consulting services. Just make sure you do not choose the least expensive E-2 attorney.
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