On Apr 26 2019 by F. Oliver Yang
CLIENT ALERT: Israeli Nationals Now Eligible for E-2 Visas
Effective today, the U.S. Embassy in Tel Aviv will accept E-2 (treaty investor) applications from Israeli citizens. In addition, USCIS has announced that it will also begin accepting E-2 change of status applications for Israeli nationals who are lawfully present in the United States.
The E-2 visa is a nonimmigrant visa classification for citizens of countries with which the United States maintains treaties of commerce and navigation. It will allow qualified Israeli citizens to come to the United States to develop and direct the operations of enterprises in which the applicants (or other Israeli owners) have invested a substantial amount of capital, or to work in such an enterprise as an executive, supervisor, or essentially skilled employee.
Benefits of the E-2 visa include relatively fast processing time, up to 5 years of validity period with the possibility to extend indefinitely, no residence requirement, work authorization for the derivative spouse, and the ability to attend public schools for the derivative child. To qualify for the visa, the applicant must possess Israeli nationality. Under the Israeli treaty, the applicant, or another Israeli person or company, must make a “substantial” investment into a real and operating commercial enterprise. Further, the investment must be more than a marginal one, and the applicant must be in a position to “develop and direct” the business.
Klasko attorneys have assisted many inspiring entrepreneurs from all over the world in successfully obtaining E-2 treaty investor visas. We welcome consultations to discuss how this new visa option may be useful to Israeli nationals and companies.