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E-2 Treaty Investor Visa

Start or Acquire Your U.S. Business: Entrepreneur Visa for Treaty Country Nationals

No Cap

Unlimited Visas

5 Years

Initial Validity

Indefinite

Renewable Forever

80+

Treaty Countries

E-2 Visa Eligibility Requirements

Four essential criteria for E-2 Treaty Investor status

Treaty Country National

Required

You must be a citizen of a country that has a treaty of commerce and navigation with the United States. Over 80 countries qualify, including major economies and emerging markets.

Popular Treaty Countries: Canada, Mexico, UK, Germany, France, Japan, South Korea, Australia, Spain, Italy, Netherlands, Turkey, Argentina, Chile, Colombia, Thailand, Taiwan

Substantial Investment

Critical

The investment must be substantial in relation to the total cost of the business. While there's no legal minimum, most successful applications involve investments of $100,000 to $200,000 or more.

Investment Test: Generally, the smaller the business cost, the higher percentage you must invest. For businesses under $500K, expect to invest 75%+ of total cost.

Active Business Enterprise

Essential

You must invest in a real, operating commercial enterprise. The business must be active and for-profit. Passive investments like real estate, stocks, or bonds do not qualify for E-2 status.

Qualifying Businesses: Restaurants, retail stores, franchises, consulting firms, tech startups, manufacturing, professional services, e-commerce businesses

Direct & Develop Business

Mandatory

You must actively develop and direct the business enterprise. This means you should be involved in day-to-day operations, strategic decisions, and business management—not just a passive investor.

Active Role: You can qualify as owner, manager, executive, or essential employee with specialized skills critical to the business success.

Additional E-2 Requirements

Investment Source:
  • Funds must be lawfully obtained
  • Investment must be at risk (not secured loans)
  • Funds must be committed and irrevocable
  • Clear paper trail showing source of funds required
Business Viability:
  • Business must be more than marginal
  • Should generate more than income for investor/family
  • Must create jobs or have significant economic impact
  • Detailed business plan showing growth potential required

Important: You must demonstrate intent to depart the U.S. when E-2 status ends (nonimmigrant intent), though in practice, this is flexible as E-2 can be renewed indefinitely.

E-2 Investment Requirements

Understanding substantial investment and qualifying business options

Typical Investment Amounts
Investment Range by Business Size:
Small Business: $100K - $200K
Medium Business: $200K - $500K
Large Business: $500K+
No Legal Minimum: While there's no statutory minimum, USCIS expects the investment to be "substantial" relative to the business cost. Lower investments require higher percentage ownership.
Proportionality Test:
  • Under $500K business: Invest 75%+ of total cost
  • $500K - $3M business: Invest 50%+ of total cost
  • Over $3M business: Investment proportionality more flexible
Qualifying Business Types
Popular E-2 Business Options:
  • Franchises: McDonald's, Subway, 7-Eleven, etc.
  • Restaurants & Cafes: Fast food, fine dining, coffee shops
  • Retail Stores: Clothing, electronics, specialty retail
  • Tech Startups: Software, SaaS, mobile apps
  • Consulting Firms: Management, IT, marketing
  • E-commerce: Online retail, dropshipping
  • Manufacturing: Production facilities, assembly
  • Professional Services: Accounting, legal support
Not Qualifying: Real estate investments, stocks, bonds, passive investments, or speculative ventures
Source of Investment Funds

You must prove the investment capital was obtained through legal means and is not derived from criminal activity. USCIS requires comprehensive documentation showing the path of funds from source to U.S. business.

Acceptable Fund Sources:
  • Personal savings and bank accounts
  • Sale of property or assets
  • Sale of business interests
  • Gifts from family (with documentation)
  • Inheritance (with estate documents)
  • Business profits and dividends
  • Loans secured by personal assets
Required Documentation:
  • Bank statements (past 5+ years)
  • Tax returns (personal & business)
  • Property sale documents
  • Business sale agreements
  • Gift letters (notarized)
  • Loan agreements and collateral docs
  • Wire transfer records
Paper Trail is Critical

USCIS conducts thorough review of fund sources. Maintain detailed records showing how you earned, saved, or obtained every dollar invested. Unexplained deposits or gaps in documentation can lead to denial.

Investment "At Risk" Requirement

Your investment must be at risk and subject to potential loss if the business fails. This distinguishes E-2 from passive investments.

Acceptable "At Risk":
  • Funds directly invested in business operations
  • Purchase of equipment and inventory
  • Lease deposits and prepaid rent
  • Working capital in business accounts
  • Business acquisition payments
Not "At Risk":
  • Funds held in personal accounts
  • Secured loans with no personal liability
  • Escrow accounts not yet released
  • Promissory notes not yet paid
  • Conditional or refundable deposits
Timing: The investment must be committed before filing your E-2 application. You cannot apply first and invest later. At least 50-75% of funds should be already deployed.

E-2 Visa Application Process

Step-by-step guide to obtaining your E-2 Treaty Investor visa

1

Verify Treaty Country Status

Confirm that your country of citizenship has an E-2 treaty of commerce and navigation with the United States.

Key Actions:
  • Check State Department's list of E-2 treaty countries
  • Verify you hold citizenship (not just residency) of treaty country
  • If dual citizen, determine which citizenship to use
  • Ensure passport from treaty country is valid
2

Identify Investment Opportunity

Find and secure a qualifying U.S. business to purchase, start, or invest in.

Business Options:
  • Purchase existing business: Fastest route, established operations
  • Start new business: More control, requires detailed planning
  • Invest in franchise: Proven model, support system
  • Expand existing U.S. business: If already have presence
3

Make Substantial Investment

Commit and deploy your capital into the U.S. business. Investment must be "at risk" and irrevocable.

Investment Activities:
  • Transfer funds to U.S. business bank account
  • Purchase equipment, inventory, and assets
  • Sign lease agreements and pay deposits
  • Hire employees and pay initial salaries
  • Complete business acquisition/setup before applying
Critical: At least 50-75% of investment should be deployed before filing E-2 application. Show funds are committed and at risk.
4

Prepare Comprehensive Business Plan

Develop a detailed business plan demonstrating the business is not marginal and will generate significant economic benefit.

Business Plan Must Include:
  • Executive summary and company description
  • Market analysis and competitive landscape
  • Organizational structure and management team
  • Products/services and operations plan
  • Financial projections (5 years recommended)
  • Job creation projections
  • Marketing and sales strategy
5

Compile Complete Documentation

Gather all required documents proving treaty nationality, investment source, business viability, and your qualifications.

Essential Documents:
  • Passport and citizenship proof
  • Source of funds documentation (5+ years)
  • Business formation documents (LLC, Corp)
  • Lease agreements and property documents
  • Purchase agreements and invoices
  • Bank statements and wire transfers
  • Employee records and tax filings
  • Resume/CV showing business experience
6

Complete DS-160 Form

Fill out the Online Nonimmigrant Visa Application (Form DS-160) and print the confirmation page.

DS-160 Tips:
  • Select visa type: E-2 Treaty Investor
  • Provide accurate business and investment details
  • Upload compliant photograph
  • Save application ID to continue later
  • Print confirmation page with barcode
7

Schedule & Attend Visa Interview

Pay the visa application fee, schedule your interview at the U.S. Embassy/Consulate, and attend with all documentation.

Interview Preparation:
  • Pay MRV fee (varies by country, typically $205)
  • Schedule interview appointment
  • Bring all original documents and copies
  • Be prepared to explain business plan in detail
  • Demonstrate knowledge of business operations
  • Show intent to return if E-2 status ends
Processing Time: If approved, E-2 visa processing typically takes 2-4 months from application to visa issuance.

E-2 Visa Required Documentation

Comprehensive documentation package for successful E-2 application

Documentation is Critical for E-2 Success

E-2 visa approval heavily depends on the quality and completeness of your documentation. USCIS requires comprehensive proof of investment source, business viability, and your qualifications. Missing or inadequate documentation is the #1 reason for E-2 denials.

Business-Related Documents

Formation & Legal Documents:
  • Business formation documents (LLC, Corporation)
  • Articles of Incorporation/Organization
  • Operating Agreement or Bylaws
  • EIN (Employer Identification Number)
  • Business licenses and permits
  • Ownership structure documentation
  • Stock certificates (if applicable)
Property & Location:
  • Commercial lease agreement (signed)
  • Property purchase documents (if owned)
  • Lease deposit receipts
  • Photos of business location
  • Utility account setup confirmations
Financial Documents:
  • Business bank statements (all accounts)
  • Equipment purchase invoices and receipts
  • Inventory purchase documentation
  • Business acquisition agreement (if applicable)
  • Capital contribution records
  • Profit & Loss statements (if existing business)
  • Tax returns (business, if existing)
Operations & Planning:
  • Comprehensive business plan (30-50 pages)
  • 5-year financial projections
  • Marketing and sales strategy
  • Organizational chart
  • Supplier contracts and agreements
  • Customer contracts (if applicable)
Business Plan Tip: Your business plan should demonstrate the business is NOT marginal (will generate more than just enough income to support you and your family) and will create jobs or have significant economic impact.

Investor Personal Documents

Identity & Immigration:
  • Valid passport from treaty country (6+ months)
  • DS-160 confirmation page (with barcode)
  • Recent passport-sized photographs (2x2 inches)
  • Birth certificate
  • Citizenship certificate or proof
  • Previous U.S. visa copies (if any)
  • Travel history documentation
Professional Qualifications:
  • Detailed resume/CV
  • Educational certificates and diplomas
  • Professional licenses or certifications
  • Letters of recommendation
  • Previous business ownership proof
  • Management experience documentation
Source of Funds (Critical!):
  • Personal bank statements (5+ years recommended)
  • Tax returns (personal, 5+ years)
  • Property sale documents (if applicable)
  • Business sale agreements (if applicable)
  • Inheritance documentation (will, estate papers)
  • Gift letters (notarized, with donor's financials)
  • Loan agreements (with collateral documentation)
  • Wire transfer records to U.S.
  • Currency exchange records
Family Documents (if applicable):
  • Marriage certificate (for spouse)
  • Birth certificates (for children)
  • Spouse's passport and photos
  • Children's passports and photos
Source of Funds: Most Scrutinized Area

USCIS conducts thorough review of where your investment funds came from. You must show a clear "paper trail" documenting how you earned, saved, or lawfully obtained every dollar invested. Unexplained large deposits, gaps in documentation, or inconsistencies will trigger RFEs (Request for Evidence) or denials.

Employment Documentation (If Hiring U.S. Workers)

If your business has or will have U.S. employees, provide documentation to strengthen your case:

Current Employees:
  • Employee roster with job titles
  • Detailed job descriptions
  • Employment contracts or offer letters
  • I-9 forms (Employment Eligibility)
  • Payroll records and pay stubs
  • IRS Form 941 (Quarterly tax filings)
  • State unemployment insurance filings
Future Hiring Plans:
  • Job descriptions for planned positions
  • Hiring timeline in business plan
  • Salary ranges and compensation structure
  • Training program descriptions
  • Evidence business can support employees
Job Creation: While not strictly required, demonstrating that your business creates jobs for U.S. workers significantly strengthens your E-2 application and shows the business is not marginal.

Pre-Interview Checklist

Before your visa interview, ensure you have:

Must Have (Originals + Copies):
Highly Recommended:
Pro Tip: Organize documents in a clear, indexed binder. Tab each section and include a table of contents. This professional presentation demonstrates you're serious about your business and makes the consular officer's job easier.

E-2 Spouse & Family Benefits

Bring your family and spouse can work anywhere in the U.S.

E-2 Spouse Work Authorization

Major Advantage Over Other Visas

E-2 spouses automatically qualify for work authorization! They can apply for an Employment Authorization Document (EAD) and work for any employer in the United States—no sponsorship needed.

E-2 Spouse EAD Benefits:
  • Work for any U.S. employer (no restrictions)
  • No job offer required to apply for EAD
  • Can change jobs freely without immigration issues
  • Can be self-employed or start own business
  • EAD valid for same duration as E-2 visa (up to 5 years)
How to Apply for EAD:
  1. File Form I-765 with USCIS
  2. Pay $410 filing fee (subject to change)
  3. Include copy of E-2 visa, I-94, passport
  4. Processing time: typically 3-5 months
  5. Can apply as soon as E-2 status begins
Tip: E-2 spouse can even work in the E-2 business! They can be hired as an employee, helping grow the family business while maintaining separate income.

E-2 Dependent Children

Unmarried children under 21 can accompany or join E-2 principal investor in the United States.

Children's Benefits:
  • Attend U.S. schools and universities
  • No F-1 student visa required for education
  • Can remain in E-2 status until age 21
  • Cannot work unless they obtain own EAD
Age-Out Concern

Children lose E-2 dependent status when they turn 21 or get married. Plan ahead for their transition to F-1 student status, H-1B work visa, or other immigration pathway before they age out.

Children Work Authorization:

E-2 dependent children cannot work automatically. However, they can:

  • Apply for F-1 student visa after age 21
  • Use F-1 OPT/CPT for work authorization
  • Qualify for H-1B if offered job after graduation
  • Transition to E-2 principal if they start own business

How to Include Family in E-2 Application

Documents Required for Family:
  • Spouse: Marriage certificate (original + certified translation if not in English)
  • Children: Birth certificates showing relationship to principal
  • Valid passports for each family member
  • Passport-sized photographs for each person
  • Separate DS-160 for each family member
  • Visa application fee for each applicant
Application Options:
  • Option 1: Apply together at same time (recommended)
  • Option 2: Family follows later (join E-2 principal after approval)
  • Option 3: Some family members now, others later
Best Practice: Apply for entire family together to ensure everyone gets same visa validity period and can travel to U.S. at same time.

Why E-2 Family Benefits Stand Out

Compare E-2 spouse work authorization with other popular visa categories:

Visa Type Spouse Work Authorization Children Education
E-2 Treaty Investor ✓ Automatic EAD Eligibility ✓ Any School
H-1B Specialty Occupation ✓ Can Apply for EAD ✓ Any School
L-1 Intracompany Transfer ✓ Can Apply for EAD ✓ Any School
F-1 Student ✗ No Work Authorization Limited
B-1/B-2 Tourist ✗ No Work Authorization ✗ Cannot Study

E-2 offers one of the best family benefit packages among nonimmigrant visa categories. The ability for your spouse to work freely while you build your business provides financial flexibility and stability for your family.

Frequently Asked Questions

Common questions about E-2 Treaty Investor visa

There is no legal minimum investment amount for E-2 visa. However, the investment must be "substantial" relative to the total cost of the business.

In practice:

  • Most successful E-2 applications involve investments of $100,000 to $200,000 or more
  • The smaller the business cost, the higher percentage you must invest
  • For businesses under $500K, typically need to invest 75%+ of total cost
  • Investment must be sufficient to ensure successful operation
The "proportionality test" means a $50K investment might qualify for a $60K business but not for a $500K business.

E-2 is not a dual intent visa, meaning you must maintain intent to return to your home country when your E-2 status ends. However, you can pursue green card through other pathways:

Green Card Pathways from E-2:

  • EB-5 Immigrant Investor: Increase investment to $800K-$1.05M for direct green card path
  • EB-1C: If your business grows large enough to sponsor you as multinational manager
  • EB-2 NIW: If you qualify for National Interest Waiver
  • Employment Sponsorship: Have your E-2 business or another employer sponsor you
  • Family Sponsorship: Through U.S. citizen/LPR family member
Applying for green card doesn't automatically invalidate your E-2 status, but be prepared to explain nonimmigrant intent at E-2 renewal interviews.

Over 80 countries have E-2 treaties with the United States. You must be a citizen (not just resident) of a treaty country to qualify.

Popular E-2 Treaty Countries Include:

  • Argentina
  • Australia
  • Austria
  • Belgium
  • Canada
  • Chile
  • Colombia
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Japan
  • Mexico
  • Netherlands
  • New Zealand
  • Norway
  • Philippines
  • Poland
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • Thailand
  • Turkey
  • United Kingdom
Check the State Department website for the complete and current list of E-2 treaty countries. Notable exclusions: China, India, Brazil, Russia do not have E-2 treaties.

Yes! This is one of the biggest advantages of the E-2 visa.

E-2 spouses can apply for an Employment Authorization Document (EAD) and work for any employer in the United States. There are no restrictions on:

  • Type of work: Can work in any field or profession
  • Employer: Can work for any U.S. employer or be self-employed
  • Changing jobs: Can switch employers without immigration consequences
  • Starting business: Can start own business separate from E-2 enterprise
  • Working in E-2 business: Can even work in the E-2 investor's business

Children under 21:

E-2 dependent children can attend school but cannot work unless they obtain their own work authorization through another visa category (like F-1 OPT after turning 21).

The EAD application (Form I-765) costs $410 and typically processes in 3-5 months. EAD is valid for same period as E-2 visa (up to 5 years).

E-2 visa processing typically takes 2-4 months from application submission to visa approval. However, timing varies based on several factors:

Processing Timeline Breakdown:

  • Application Preparation: 1-2 months (gathering documents, business plan, source of funds)
  • DS-160 & Fee Payment: 1-2 days
  • Interview Scheduling: 1-4 weeks (varies by embassy/consulate)
  • Interview & Approval: Same day to 2 weeks
  • Visa Issuance: 1-2 weeks after approval

Factors Affecting Processing Time:

  • U.S. Embassy/Consulate workload and location
  • Completeness and quality of documentation
  • Complexity of business and investment structure
  • Need for administrative processing (security checks)
  • Time of year (summer often busier)
Ensure your business plan and documentation are thorough to avoid delays or Requests for Evidence (RFE). Incomplete applications can add 2-6 months to processing.

Almost any legitimate, active commercial business qualifies for E-2 visa. The business must be:

  • Active commercial enterprise: Not passive investments
  • Real and operating: Not speculative or idle
  • For-profit: Must generate revenue
  • More than marginal: Must do more than support investor and family

Popular E-2 Business Types:

  • Franchises: McDonald's, Subway, 7-Eleven, Dunkin'
  • Restaurants: Fast food, fine dining, cafes
  • Retail Stores: Clothing, electronics, specialty
  • Professional Services: Consulting, accounting, legal support
  • Tech Startups: Software, SaaS, mobile apps
  • E-commerce: Online retail businesses
  • Manufacturing: Production facilities
  • Service Businesses: Cleaning, landscaping, contracting
Do NOT Qualify: Passive real estate investments, stock/bond portfolios, vacant land, speculative ventures, or businesses that only provide enough income to support yourself.
Have More Questions About E-2 Visa?

Schedule a free consultation with our E-2 visa specialists to get personalized answers for your specific situation.

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The E-2 Treaty Investor visa offers entrepreneurs an excellent pathway to live and work in the United States. Our experienced immigration consultants help you navigate the complex E-2 application process, from business planning and investment structuring to documentation preparation and interview coaching.

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Explore Other Business & Investor Visas

Compare E-2 with alternative visa options

E-1 Treaty Trader Visa

For treaty country nationals conducting substantial international trade between their country and the United States.

  • Substantial trade required
  • 50%+ trade with U.S.
  • Similar benefits to E-2
Learn More

EB-5 Immigrant Investor

Direct path to U.S. green card with $800K-$1.05M investment. Unlike E-2, EB-5 leads to permanent residency.

  • Direct green card pathway
  • Higher investment: $800K-$1.05M
  • Job creation requirement
Learn More

L-1 Intracompany Transfer

Transfer from foreign company to U.S. branch/subsidiary. Ideal if you already own a business abroad and want to expand to U.S.

  • Branch expansion visa
  • Existing foreign company needed
  • Can lead to green card (EB-1C)
Learn More
Quick Comparison: Investment & Business Visas
Feature E-2 Treaty Investor EB-5 Immigrant L-1 Transfer
Investment Amount $100K-$200K+ typical $800K-$1.05M required No minimum (must be substantial)
Validity Period 5 years (renewable indefinitely) Conditional 2 years → Permanent L-1A: 7 years, L-1B: 5 years
Green Card Path No direct path (can pursue separately) Direct green card Can transition to EB-1C
Treaty Requirement Yes - 80+ countries No - All countries No - All countries
Spouse Work Authorization Yes - EAD Yes - Green Card Yes - EAD
Processing Time 2-4 months 18-36 months 2-4 months
Job Creation Preferred, not required Must create 10 jobs Not required
Which Visa is Right for You?

Choose E-2 if you:

  • Are from treaty country
  • Want to start U.S. business
  • Have $100K-$200K+ to invest
  • Need renewable visa (no green card needed immediately)
  • Want spouse to work

Choose EB-5 if you:

  • Want direct green card
  • Can invest $800K-$1.05M
  • Don't mind longer processing
  • Want permanent residency for family
  • From non-E-2 treaty country

Choose L-1 if you:

  • Already own foreign company
  • Want to expand to U.S.
  • Have worked abroad 1+ year
  • Want green card pathway (EB-1C)
  • Don't have treaty nationality