Today we’ll be discussing the latest updates to the US E2 and E1 visa schemes, which will impact foreign investors interested in starting or investing in businesses in the United States. Stay tuned to learn about the addition of Portugal to these visa programs and the eligibility requirements for Portuguese nationals. Let’s dive in!
Significant Addition: Portugal Now Eligible for E2 and E1 Visas
One of the notable changes is the inclusion of Portugal in the list of countries whose citizens can apply for E2 and E1 visas. This means that Portuguese nationals now have the opportunity to live and work in the United States by utilizing these visa options, provided they meet the other necessary criteria.
E2 Visa Eligibility for Portuguese Nationals
To be eligible for an E2 visa, Portuguese citizens must fulfill the following requirements:
- Hold Portuguese citizenship.
- Make a substantial investment in a new or existing business in the United States.
- Manage and have control over the business.
The specific amount of investment needed to qualify for an E2 visa may vary depending on the nature of the business and its location but typically falls within the range of $50,000 to $100,000.
E1 Visa Eligibility for Portuguese Nationals
To be eligible for an E1 visa, Portuguese citizens must satisfy the following requirements:
- Possess Portuguese citizenship.
- Engage in substantial trade activities between Portugal and the United States.
- Operate a qualifying business within the United States.
The scope of trade activities that qualify for an E1 visa is broad and encompasses various undertakings, such as goods sales, service provision, and transportation of goods and people.
Bringing Family Members
Once approved for an E2 or E1 visa, Portuguese nationals have the privilege of bringing their immediate family members with them to the United States. Immediate family members typically include spouses and children under the age of 21.
These recent changes to the US E2 and E1 visa schemes open up new possibilities for Portuguese investors seeking to establish or invest in businesses in the United States. If you’re considering such opportunities, make sure to thoroughly understand the eligibility requirements and consult with immigration professionals for accurate guidance.
We hope you found this information helpful. Follow our blogs for the latest updates and informative content on US immigration.