The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation, or with which the United States maintains a qualifying international agreement, or which has been deemed a qualifying country by legislation) to be admitted to the United States when investing a substantial amount of capital in a U.S. business. Grenada is the only country within the Caribbean region with a Citizenship by Investment Programme whose citizens are eligible to apply for a E-2 visa.
To be eligible for such visa, the individual must show that the:
- Requisite treaty exists;
- Individual and/or business possesses the nationality of the treaty country;
- Applicant has invested or is in the process of investing;
- Enterprise is a real and operating commercial entity;
- Applicant’s investment is substantial;
- Investment is more than a marginal enterprise solely for earning a living;
- Applicant is in a position to develop and direct the enterprise;
- Applicant, if an employee, is destined to an executive/supervisory position or possess skills essential to the firm’s operations in the United States; and
- Applicant intends to depart the United States when the E-2 status term terminates;
Passive investments in real estate generally does not qualify as an active E-2 investment.
Advantages
Short processing time of approximately Two (2) months;
Renewable with no maximum limit;
Investor’s spouse is entitled to work in the United States;
Investor’s children under 21 years can be enrolled in schools and colleges;
Low investment amount starting at approximately USD 150,000.00;
E-2 may be later converted to EB-5 visa;
Disadvantages
The principal applicant can only work for the investment business, which served as the basis for the E-2 visa application;
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