By Verdie Atienza, Senior Immigration Attorney, Head of L-1 & E-2 Visa Practice
In 2015, D&A assisted a Romanian national to apply for E-2 Treaty Investor visa by investing $100,000 in a start-up company. The company specializes in intellectual property assets technical and financial consulting with a focus in global brokerage and facilitation of Internet Protocol Version 4 (IPv4) addresses and AS Numbers.
Despite having grown into a multi-million-dollar private company, the company has not been able to meet its employment targets within 5 years because it made better business sense to employ independent contractors. The E-2 Visa requires a business plan as part of the application, which helps the authorities with the subsequent evaluation at the time of renewal.
As the E-2 visa was about to expire, we advised the client that renewing the visa prove to be very challenging due to the employment situation. D&A discussed all other options for the client and it was determined that the client may have a good chance of qualifying for the O-1A category based on his credentials and qualifications.
O-1A is for people with extraordinary ability in education, business, science or the arts.
Since the client has established networks in the US through his E-2 company, it was easy for him to find a petitioning US employer. Since the US employer has been a client of the E-2 company and since they saw how valuable the client us based on his expertise and experience, they did not hesitate in filing a petition for our client.
D&A filed the petition for our client as a person of extraordinary ability to occupy the position of Global Internet Resources Manager and Facilitator. In the petition, we carefully outlined as to how the client meets the requirements for an individual to be classified as someone with extraordinary ability in his field.
With a tailor-fit solution, the client no longer has to leave the US despite the inability to renew the E-2 visa. With a change of status application approved, he and his family maintain their lawful nonimmigrant status for an additional period of three years on O-1A status. Should they need to depart the US prior to the expiration of the three-year period, they can apply for the O-1 visa at a US Embassy or Consulate by submitting an application and presenting the O-1A approval notice.
The E-2 Treaty Investor Visa allows a beneficiary to move to the United States to run a business. It is a non-immigrant visa in that it does not offer a Green Card, but our attorneys are able to advise on options for transitioning to a Green Card at a later stage. The visa is also renewable indefinitely provided the underlying business is still operating and meeting its targets.
There are not annual quotas or caps for the E-2 visa based upon country of origin. However, eligibility is determined by the applicant’s country of citizenship. You must hold citizenship of a country with an E-2 Treaty with the United States. If you do not, please contact our attorneys. We have helped people from non-E2-treaty countries like India and Vietnam become citizens of E-2 Treaty countries like Turkey and Grenada.
The O-1 Visa is available to people with extraordinary ability. It is also a non-immigrant visa, which means it does not offer a Green Card. However, it is possible to subsequently switch to a Green Card through the EB-1A Visa. Applicants for EB-1A visa from India and China are subject to a short wait because the category is capped annually by country and both countries are slightly oversubscribed. Please see our most recent blog post on the Visa Bulletin to understand this in greater detail.
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