E-2 Visas for Israelis have finally arrived. After many false starts, the E-2 investment visa to the United States is finally available to Israelis beginning May 1, 2019. The E-2 investment visa provides an excellent opportunity for Israelis to start a business and a new life in the United States. There are a few essential conditions to meet for someone to be eligible for this visa:
- The investor must invest around $100,000 into the business.
- The business must be located in the US, and the investor must own at least 50% of the business.
- The business must be commercial, producing goods or services in the United States.
- The investor must play an active role in the operation of the business.
- The business should plan on hiring US workers within the first two years of operation.
Benefits of E-2 Visas for Israelis
The benefits of the E-2 visa are many:
- The visa is good for two years and is renewable as long as the business continues to operate.
- The investor’s spouse is also given an E-2 visa, but unlike the investor, who can only work for the business, the spouse can work anywhere.
- All family members are eligible for Social Security numbers, similar to the Teudat Zahut in Israel, although the investor’s children cannot work but can attend school.
Things to consider
Potential investors should consider the following factors before applying:
- How does the investor want to organize his business?
In the US, normal business organizations are corporations or limited liability companies. It is probably best to avoid opening sole proprietorship operations. - Where do they want to live and work? Each state in the United States has different rules and regulations for businesses.
- What kind of business does the investor want to operate? Business opportunities in the US are limitless. However, the investor should have some knowledge or experience in the field he wants to work in. This issue will be raised at the embassy interview. One area of business not available to E-2 investors is real estate, such as investing in and renting or selling houses.
- Does the investor want to purchase an existing business or start a new one?
Both have advantages and disadvantages. Purchasing an existing business with current employees is sometimes easier to gain embassy approval for the visa. On the other hand, purchasing an existing business will burden the investor with the history and culture of that business experience, whether good or bad.
Conclusion
The E-2 visa application process is complicated and involves a great deal of documentation, including opening a company in the US, opening a US bank account, leasing an office, organizing a business plan, transferring money to the new company bank account, and spending a significant amount of the investment before the filing of the case.
We have successfully handled numerous E-2 cases through the US embassy in Tel Aviv for Israelis with dual nationalities. Contact us today to set up an appointment and begin the process of relocating to the United States.