E Visas for Entrepreneurs
The best entrepreneur visa might be an E visa. The E, treaty trader and treaty investor, nonimmigrant visas are available to entrepreneurs who are citizens of countries with which the United States maintains a treaty. Entrepreneurs can apply for an E visa to travel to the United States to cultivate and expand trade between the U.S. and their country of nationality (E-1 visa) or establish and invest in a U.S. business (E- 2 visa).
A clear advantage of an E visa for entrepreneurs is that it can be renewed for an indefinite period and does not have numerical limitations, therefore, allowing entrepreneurs to operate their U.S. businesses without considerable restrictions.
The initial requirements for both E-1 and E-2 visa are:
- a qualifying treaty must exist between the United States and the E visa applicant’s country of nationality;
- individual or business applying for an E visa must possess the nationality of the treaty country; and
- E visa applicant must intend to depart the United States upon the termination of their E status.
E-1 Visa for Entrepreneurs in Trade
An entrepreneur applying for an E-1 Treaty Trader visa must be coming to the United States to engage in substantial trade (services and technology) in qualifying activities, principally between the United States and their treaty country.
The trade volume and monetary value of transactions prove whether the trade is “substantial.”
For trade to be principally between the United States and the treaty country, the trade should be over 50% of the total volume of international trade.
Trade must constitute an exchange, which is an actual exchange of qualifying things and must be traceable and identifiable. In addition, trade must be international in scope, involve qualifying activities, and already be in progress.
E-2 Visa for Entrepreneurial Investors
An E-2 Treaty Investor visa is for foreign national entrepreneurs coming to the United States to develop and direct the operations of the U.S. enterprise in which the entrepreneur has invested in or is in the process of investing a substantial amount of capital.
The funds invested into the U.S. business must be in the possession and control of the E-2 entrepreneur applicant, at risk, and the commitment of the investment funds must be real and irrevocable. The source of E-2 investment funds can be derived from the entrepreneur’s savings, gifts, inheritance, winnings, loans collateralized by the entrepreneur’s own assets, and other legitimate sources.
The U.S. business must be real and operating at the time of the E-2 application submission. An existing business must be providing a service or a commodity, while a new business must show it will provide a service or commodity. The E-2 business cannot be speculative, and it should be operated for profit. The business should not be marginal. It must have the present or future capacity to generate income that will provide more than just an income for the entrepreneur investor and their family.