Types of business visas to the USA
Most foreigners can obtain a US business visa type L-1 or EB-5. The conditions for their registration and opening a company in the United States are rather tough.
The L-1 visa sets a duty to work for a particular company. There are two types of this visa: L-1A and L-1B.
The L-1A visa is suitable for business owners and managers based in countries outside of the USA. If you are planning to invest several thousand dollars in a US subsidiary, you can get the L-1A.
The L-1B visa is granted to key company employees who are transferred to work to a new branch in the United States.
To apply for an L-1 visa, you need to open an account with an American bank and put money on it in an amount sufficient to conduct and develop your business. You also need to provide a business plan and rent a room.
Registration also takes place in two stages. First, the applicant submits documents in the United States, then is interviewed at the consulate in the country where a US consulate works. The process takes about four months.
The L-1 visa is issued for a period of one to three years and is renewed based on the results of the company's activities. The company must have financial stability, growth and evidence of financial statements. A visa holder cannot change a company, close a business and open a new one. In this case, the visa will be taken away.
The only advantage of the L-1 visa is the ability to get a green card after five years.
The EB-5 visa is expensive and the obtaining procedure takes a lot of time. It is issued to investors who plan to invest in business in the United States from $500,000 for at least five years. This can be an investor company or a government-licensed project. The company must have at least ten jobs for full-time employees. If a relative of the investor, such as a spouse, plans to work for the company, her workplace is not counted towards the Immigration Department.
Obtaining an EB-5 visa takes from two years, all this time the money is frozen in an escrow account. The number of visas is limited, therefore, the process is often delayed up to four years. If your application is approved, you receive a conditional green card for two years.
You renew the card while the company develops and generates income. In this case, you must be in the United States for at least half a year.
The advantage of the EB-5 visa is the ability to apply for citizenship after five years.
The E-2 visa is cheaper and faster to get. Designed for wealthy people who plan to invest in business in the United States. It can be your own company or a franchise business. A visa is issued in two to three weeks.
The E-2 visa allows to live and work in the States, and bring the whole family with you. There are no restrictions on entry and exit from the country, the investor gets more freedom compared to the L-1 and EB-5 visas.
The E-2 visa does not apply to immigration and therefore does not lead to a green card. However, E-2 can be renewed an unlimited number of times every two years. The main thing is for the business to generate income and develop. With an E-2 visa, you can live in the United States and apply for an EB-5 immigrant visa.
Conditions for family members of the investor are the same for all of the listed visas. A spouse and children under 21 can move with the main applicant. The spouse can work in any company and the child can study at any school or university. When the child turns 21 years old, you will need to issue a student residence permit.
Comparison of business visas to the USA
|Visa type||Investment||Issuance time||U.S. Green Card|
|L-1||No, but the holder is to work in a particular company||4 months||After 5 years|
|EB-2||$500,000+||2 years or more||After 5 years|
|E-2||No definite requirement, but usually is $200,000+||2 or 3 weeks||No, but the visa can be extended indefinite amount of times|
Conditions for obtaining an E-2 visa
Permanent residence in the European Union is confirmed by an ID card. As long as the holder complies with the stipulated conditions, the ID card is reissued every five years. There is no need to reapply for permanent residence.
It is possible to invest in any industry and business management experience is not required. We recommend that you provide a detailed business plan that demonstrates the outlook for revenue growth. There are no restrictions on the minimum number of jobs, but it is better to envisage the creation of five new jobs.
When applying for a visa, the applicant's account must be sufficient to support the family for at least a year.
The E-2 visa is granted to citizens of only those states that have entered into bilateral investment agreements with the United States, like Grenada.
Grenada has a citizenship by investment program; an investor can first obtain Grenadian citizenship and immediately apply for an E-2 visa.
Grenada citizenship by investment program: terms and conditions
An investor will receive citizenship of Grenada for their family in four to six months if they invest in the country’s economy.
The Grenada program has two investment options:
- Non-refundable contribution to the national fund in the amount of $150,000 for the investor. For a family of two to four people, inclusive, the contribution amount will be $200,000. For each next family member, you need to pay an additional $25,000 to $75,000 depending on the degree of relationship and age.
- Real estate investment of $220,000 regardless of family composition. You can return the investment after five years. For this option, a special state fee in the amount of $50,000 or more is paid in addition.
Regardless of option, a Due Diligence fee of $5,000 is payable for each adult applicant. There are also fees for filing and processing an application is a total of $3,000 for an adult and $1,500 if the applicant is under 18 years old.
Benefits of Grenadian citizenship and E-2 visa
Citizens of Grenada travel without visas to more than 140 countries. They freely visit the Schengen states, Great Britain, Hong Kong, Singapore, and can apply for a tourist visa to the United States for ten years.
With a Grenadian passport, it is easy to open an account with a European or American bank. Assets can be registered on the second passport. Tax resident status in Grenada will allow you to optimize taxation.
It is quick and easy to apply for an investment visa to the United States with a Grenadian passport. You will be able to live and do business in a stable economy, your family will receive a new quality of life and your children will be able to study in the best schools and universities in the United States. All family members will receive the right to freely enter and leave the country. You can quickly go to business negotiations, rest or visit relatives.