June 13, 2012
E-2 Treaty Visas for Israel Has Become a Reality
The U.S. Senate unanimously approved a bill allowing Israeli investors to receive non-immigrant E-2 Treaty investor visas, which proponents argue will spur job creation and economic growth. The U.S. House of Representatives unanimously passed the bill on March 19 and President Barack Obama has signed into law. The E-2 Treaty Investor visa allows foreign investors to temporarily live and work in the U.S. and is intended to encourage investment. Currently, citizens of more than 79 other countries are eligible for the visas. The primary requirements for the E-2 visa category include:
- the investment must be substantial, and active;
- the investment must not be "marginal", i.e., one that supports only the investor's immediate family, as opposed to creating jobs in the U.S.; and
- the visa applicant must be either an investor who will "develop and direct the investment,", a manager or executive, or a specially trained employee necessary for the development of the investment.
More information on E-2 visas can be found on our website http://www2.gtlaw.com/practices/immigration/visas/nonimmigrant.htm#TreatyTrader.
Applying for an E visa often involves the preparation of a substantial amount of documentation regarding corporate relationships, investments, and trade. Please contact your GT attorney for further questions.