United States: E-2 Visa Program Now Open to Israeli Investors
The President has signed a bill into law allowing Israeli nationals to apply for the E-2 visa, which allows foreign investors from designated countries to live and work in the United States to oversee their investment.
On June 8, the President signed a bill into law allowing Israeli investors to apply for the E-2 visa, which lets beneficiaries live and work in the U.S. for an extended period of time in order to oversee a major investment in the United States. The bill was approved in Congress on May 31.
In order to qualify for an E-2 visa, the applicant must either have invested, or be in the process of investing, a substantial amount in the United States. The majority of the foreign investing enterprise must be owned by nationals of a country that has entered into a treaty with the United States that provides reciprocal benefits for traders and investors. The enterprise’s principal investors and those foreign employees seeking admission under the E-2 program must be nationals of the qualifying treaty country. Although E-2 beneficiaries are granted an initial two-year period of stay, this period can be extended almost indefinitely.