Many entrepreneurs are interested in moving to the U.S. due to a number of reasons – bigger market opportunity, closer to customers, lower living cost, lower business set up cost and more funding options.
There are 3 programs we would like to discuss in this article for those entrepreneurs interested in moving to the U.S.
E-2 Treaty Investor Visa
This is an excellent option for entrepreneurs including start-up business owners. For start-ups, the assessment is very much based on the business plan and financial forecast, and the required “committed capital” is not very high. The word “committed capital” means your investment can be in an escrow account prior to the submission, you do not need to invest the entire capital immediately, it can be a progressive investment overtime.
However, it means you can’t just borrow money from somebody for the sake of submission and then withdraw and return it the next day. You need to show the source of capital as part of the application.
E-2 is a good choice because of flexibility – it is industry agnostic – you can come to U.S. setting up a technology company, a tutoring center, a consultancy business or anything else as long as they are legitimate business.
E-2 is available to nationals of over 70 treaty countries – but not for those from China or India.
E-1 Treaty Trader Visa
This is another option called E-1. It involves more in the trading business. By “trading”, it can mean import and export between the treaty country and the U.S. Trading can mean importing from the treaty country or exporting from the U.S. to the treaty country. The trades must be substantial and frequent, but they are not limited to just goods, it can include services.
E-1 is particularly useful for those already engaging in the active importing and exporting between the 2 markets.
The L Category
This involves intracompany transfarees – which includes 2 types. The first type is those in the managerial / supervisory position, you are coming into the U.S. to establish and manage the U.S. operation. This is an option for small to medium sized businesses who have existing contacts or clients in the U.S. already.
The second type relates to professionals with specialized technical skills or knowledge.
This can include employees or director such as product development director, senior management member who has experience or specialized knowledge about the business or the industry.
The advantage about using L category is it is a common option for foreign businesses to set up a new operation in the U.S., which provides a strong case to move to the U.S.
If you are interested in moving to the U.S. , please complete our Free Assessment for different options.