E-1 Trader / E-2 Investor / L-1 Multinational Company Transferee Visas
E-1 Treaty Trader Visa
The E-1 visa is for individuals of countries that have the E-1 treaty with the U.S. to enter the United States to conduct trade between his/her country and the U.S.
The trade must be substantial in terms of volume, frequency, and monetary value.
The visa applicant must hold a managerial or executive position or possess essential skills for the operation of the business.
Once approved, the E-1 visa allows the applicant, their spouse, and children under 21 to live and work in the U.S. for an initial period of 2 years, with unlimited 5-year renewals as long as the business meets the requirement set by the relevant law. Additionally, the spouse can work anywhere in the U.S.
E-2 Treaty Investor Visa
The E-2 visa is a non-immigrant visa for individuals of countries that have the E-2 treaty with the U.S. to invest in a business in the U.S. This visa encourages foreign investment in the U.S. economy.
Typically, the visa is for those investing over $300,000 to acquire or establish a business. Passive investments, like stocks or real estate, are not eligible. The investor, senior executive, or essential employee can apply for the E-2 visa.
When considering an E-2 visa, it’s crucial to note that since the business must usually be established before applying, if there's more than a 10% chance of visa denial, it's advisable to reconsider due to the potential financial loss if the visa is not granted.
Once approved, the E-2 visa allows the applicant, their spouse, and children under 21 to live and work in the U.S. for an initial period of 2 years, with unlimited 5-year renewals as long as the business meets the requirement set by the relevant law. Additionally, the spouse can work anywhere in the U.S.
L-1 Intracompany Transferee Visa
The L-1 visa is a non-immigrant visa that allows multinational companies to transfer certain employees from a foreign office to a U.S. office.
The L-1A visa is for executives and managers, while the L-1B visa is for employees with specialized knowledge essential to the company.
To qualify for the L-1A visa, the applicant must have worked as an executive or manager for at least 1 year in the past 3 years for the foreign company.
The L-1A visa allows the applicant to work in the U.S. for up to 3 years, extendable up to a total of 7 years. The L-1B visa allows the applicant to work in the U.S. for up to 3 years, extendable up to a total of 5 years.
Spouses and children under 21 can also live in the U.S. on an L-2 visa, and the spouse can work anywhere in the U.S.
(☞ Difference between Visa and Status?)
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