Los Angeles, with its strategic location, vibrant culture, and rapidly growing industries, presents numerous opportunities for entrepreneurs around the world. For foreign nationals looking to invest and operate a business in the City of Angels, the E2 visa provides a compelling pathway. The E2 visa—commonly referred to as the “Investor Visa”—allows entrepreneurs from treaty countries to stay in the U.S. to develop and direct the operations of their business.
Securing an E2 visa, however, requires meticulous planning and documentation. This checklist will guide Los Angeles entrepreneurs through the crucial steps to successfully obtain this investor visa.
1. Confirm Eligibility from a Treaty Country
Ensure that you are a national of a country that has an investment treaty with the United States. The U.S. Department of State provides an updated list of treaty countries.
2. Establish a Bona Fide Enterprise
Your business should be real, active, and operating. This means it should produce goods or services for profit. Merely speculative or idle investments do not qualify for the E2 visa.
3. Make a Substantial Investment
The investment should be significant relative to the total cost of the business. Although there is no specific minimum amount established, it should be sufficient to ensure the investor’s commitment to the success of the enterprise.
4. Show Source of Funds
You must show that the funds used for investment have been legally obtained. This can be through savings, gifts, inheritance, or legitimate business dealings.
5. Possess a Controlling Interest
Ensure that you have control over the enterprise. This typically means owning at least 50% of the business or possessing operational control through a managerial role or other corporate devices.
6. Plan to Develop and Direct the Enterprise
Your intention should be to actively manage and operate the business. This can be shown through your role in the company, such as an executive or managerial position.
7. Ensure Investment is At Risk
Your funds should be subject to partial or total loss if the investment fails. This means the investment should be “at risk” to generate a return on the funds.
8. Intend to Return to Home Country
You should demonstrate that once the E2 visa expires, you have the intention of returning to your home country. This can be shown through ties to your home country, such as family, property, or other commitments.
9. Prepare Comprehensive Documentation
This includes a detailed business plan that outlines the nature of the business, market analysis, financial projections, and staffing plan. Additionally, gather financial statements, tax returns, lease agreements, and any other relevant documents that substantiate your investment.
10. Complete Form DS-160
Fill out the Online Nonimmigrant Visa Application form, DS-160. Make sure to save the confirmation page as you’ll need it for your visa interview.
11. Schedule and Attend the Visa Interview
After submitting your application, schedule an interview at the U.S. embassy or consulate in your country. Arrive well-prepared, with all necessary documentation, and answer all questions truthfully.
12. Pay the Necessary Fees
There are fees associated with the E2 visa application, such as the visa application fee and the issuance fee. Ensure you’ve settled all necessary payments as part of the application process.
Key Tips
- Always consult with an immigration attorney who specializes in E2 visas for advice tailored to your situation.
- Stay updated on any changes in the E2 visa application process.
- Document everything. Proper documentation can significantly streamline your application process and improve your chances of approval.
Finally, for entrepreneurs in Los Angeles, it’s imperative to work with experienced professionals to understand the complexities of the E2 visa process. The Sidman Law Group stands out as the best law firm in town to assist with such endeavors. Their proficiency and experience make them the go-to E-2 Investor Visa Attorney in Los Angeles. With their guidance, securing your visa and ensuring a smooth transition to be a business owner in Los Angeles can be a seamless experience.
Remember, the journey of entrepreneurship in a new country is both challenging and rewarding. With the right steps and support, you can transform your business vision into a thriving reality in Los Angeles.
