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Last Updated On: January 17, 2024 | Published On: August 1, 2020
One of the main purposes of the immigration system is to allow foreign nationals into the U.S. who will make a positive impact on the United States economy, society, and job market. Because of that, it should not be surprising that special preference is given to investors and entrepreneurs who wish to develop an enterprise in the U.S. Read on to learn what the E-2 visa fees are and how much you need to invest to qualify.
Here are the basic fees that you can expect to encounter when pursuing an E-2 visa:
To recap, if you are in the U.S., then your total application cost will be $460 for each E-2 visa you need. If you are outside the U.S., then each visa will have a total application cost of $750.
Because the usual six-month processing time for the I-129 petition can be difficult to plan for, the USCIS has created the premium processing service. This allows you to have your petition processed within 15 calendar days for an extra E-2 visa fee of $1,440.
However, this feature does not alter your chances of getting approved. It only speeds up the processing time for your petition. It is also important to note that even though premium processing has been suspended for H-1B visas, it is still available for anyone petitioning for an E-2 visa.
While your investment amount is not necessarily considered an E-2 visa fee, it is a cost that must be considered when preparing to petition for this visa.
Officially, there is no minimum or maximum amount of funds that must be invested in order to qualify. The USCIS does not quantify this requirement because the investment amount depends heavily on the size of the proposed enterprise.
The stipulation placed on the investment is that the enterprise cannot be considered “marginal”. The USCIS defines a marginal enterprise as “one that does not have the present or future capacity to generate more than enough income to provide a minimal living for the treaty investor and his or her family.”
In contrast, your investment must be considered “substantial” in order to qualify. This means that:
A general rule of thumb is to make sure that your investment exceeds $100,000. If the enterprise is larger than your investment will need to be adjusted appropriately. If the enterprise is very small, then a smaller amount may be allowable. However, because there are no concrete numbers given by the USCIS, it is important to sit down with your immigration attorney to decide if your investment amount is sufficient.
In order to apply for an extension of your visa, there are a few E-2 visa fees involved with the necessary forms:
It is important to remember that these forms and their E-2 visa fees must be submitted for your spouse, and each dependent that needs an extension on his or her visa.
The USCIS requires that you make your fee payments in the form of either a cashier’s check or money order. On the whole, many experienced attorneys will advise you to make each payment out separately rather than combining them into one large E-2 visa fee payment.
This is helpful to avoid confusion or miscalculation, which could lead to a costly delay in your E-2 processing. To be sure that you are submitting your payments correctly, work alongside your immigration attorney.
Anyone with a significant amount of experience with the USCIS knows that refunds are not a common occurrence. If your petition is rejected, denied, or lost, you should not expect to receive a refund for your E-2 visa fees.
However, there are three situations in which the USCIS will issue you a refund:
Each immigration attorney will have his or her own fees which may vary widely. At VisaNation, we offer a flat lawyer fee for our services. To see our fees, you can visit our fees page on our website.
The E-2 visa is a nonimmigrant visa designed for foreign nationals who wish to invest significant capital into an enterprise in the U.S. These foreign nationals must be citizens of countries that hold a Treaty of Friendship, Commerce, or Navigation with the United States.
To qualify for an E-2 visa, the following requirements must be met:
In order to break down the E-2 visa fees, we must first break down the individual forms and steps required to obtain this advantageous visa class.
The E-2 visa application process will depend on whether you are applying in the United States or outside the United States. If you are in the U.S., your application will be processed by the United States Citizenship and Immigration Services. If you are outside the U.S., your visa application will be processed at a U.S. embassy or consulate in your country of residence.
Here are the steps if you are already currently in the U.S. under a different visa:
Here are the steps if you are currently outside the U.S.
Once your visa is issued, it will be valid for an initial period of five years. At the end of that period, you will have the opportunity to extend your visa indefinitely in one-year increments provided that your involvement in your enterprise is still required.
One of the main advantages of the E-2 visa is that you do not need an employer or program to sponsor you and petition on your behalf. As an entrepreneur investor, you can self-petition, cutting down on the processing time. However, this means that all processing fees are your responsibility instead of your employer’s.
If you are the employee of a treaty investor, then you also qualify for an E-2 visa. However, you must have your investor employee file a petition on your behalf.
It is important to note that you must be a citizen of one of these treaty countries in order to qualify. You do not need to be currently living there, but you do need to maintain valid citizenship in one of those countries.
You can only be considered to have made your E-2 visa investment after you have put the “money at risk.” This means the investment amount has been irrevocably committed to the business enterprise. Without that, your E-2 treaty investor registration may not be granted. Keep in mind that uncommitted funds put in a bank account or similar financial security will not count as an investment. Also, idle or speculative investments or a paper organization does not qualify as an E-2 investment.
However, if you aren’t comfortable parting with your funds before the approval of your E-2 registration, you can play it safe by putting the investment funds into an escrow account. In fact, the escrow account arrangement could be your best bet if you are purchasing an existing enterprise. It is an ideal way of buying a franchise, purchasing expensive capital equipment, and leasing a commercial space for your E-2 enterprise. You would only need to work out an agreement on how the funds would be transferred to the seller after the approval of your E-2 registration.
Once the principal investor has successfully registered as an E-2 treaty investor, they can file an E-2 visa application on behalf of their qualifying employees. An employee may qualify for an E-2 visa under one of these two categories:
For an employee to qualify for this category, they must be highly skilled level people. It must be demonstrated in the petition that the employee:
Under this category, the employee must meet any of the above three descriptions. E-2 managers and executives should be those in top positions and manage an entire structure of the business or a critical part of the business. If it is a larger business, the principal investor may not even spend much time in the United States.
In such instances, the E-2 employee who will oversee the business operation must demonstrate the managerial or executive skills required for the smooth running of the enterprise. Relevant supporting documents such as resume, job description, and supporting letter must also reflect the employee’s ability and experience in such roles.
Treaty investors and employees may be accompanied or followed by their immediate family members. The qualifying family members are spouses and children who are under 21 years of age. The family members must have the same nationalities as the investor or employee. They will have to seek an E-2 visa as dependents, and if approved, they will be granted the same period of stay as the investor or employee.
They can apply by jointly filing a single I-539 form. Spouses of E-2 workers may also work in the United States by filing an I-765 form to request an employment authorization document. If approved, they will be able to work anywhere and for any employer in the United States.
The processing times will depend on where you are applying for your E-2 visa. In some embassies or consulates, the whole application process may be completed in a few weeks. In some others, it could take some months. If you are in the United States, you will have the advantage of using premium processing which will reduce the processing time to 15 calendar days. Another factor is whether you are setting up a new enterprise or buying an existing one. If you are buying a business that is already registered as an E-2 enterprise, the registration process should be easier and quicker.
At the end of the day, there is no immigration situation that you should try to tackle alone. While retaining an immigration attorney may seem like just another E-2 visa fee on top of an already-expensive visa, having an expert by your side can help you protect your investment and increase your chances of approval, potentially saving you a significant amount of money.
VisaNation Law Group’s highly-experienced attorneys have an extensive track record of helping investors and entrepreneurs obtain E-2 visas and even the EB-5 green card for investors. If you have any questions about the E-2 visa fees or anything else about this lucrative immigration path, feel free to contact VisaNation Law Group lawyers by filling out this form and scheduling your consultation.
Tags: E visa, Fees