Anyone knows about E2 visa

[anyhopeforme 0]

Hi everyone,

I've been doing a lot of research on the E2 visa minimum requirements and I've come to the conclusion that they recommend a minimum investment of $100k and either a strong business case and proof of investment, or proof of actually having purchased a business that employs either US citizens or LPRs. ( I know some people say min of $200k, $250k and different amounts, and it seems to be discretionary)

My question is would it be possible to employ my parents-in-law in the business( USC and LPR), or would they look at this as being sketchy?

Also, does anyone with direct experience applying for an E2 know if there is a minimum# of employees needed?

Thanks in advance for your help!

[canadian_wife 1,826]

What kind of business?

Good luck

[anyhopeforme 0]

Hmm, I guess that would make a difference huh. I have not pinpointed a business as yet, but it would 99% be purchasing an existing business.

Have you gone this route?

[jan22 3,056]

The amount of investment needed depends on the amount required to make the business operational -- that can vary a great deal. There is no set amount. Also, the amount invested must be a substantial part of the total value of the business...what "substantial" means also depends on the cost of the business. For example, for a million dollar business, investing $250,000 might be considered substantial. If the total cost of the business is $100,000, you might need to invest the full $100,000 for it to be considered substantial.

The other thing you have to show is that the business generates an income that is more than marginal -- meaning that it generates more than enough profit to support you (and your family, if you have one).

And, you have to show the source of the funds and that the funds used to purchase the business were, in fact, yours.

[anyhopeforme 0]

Thank you, yes, I have read these requirements already. I guess there are not that many people on this forum who have gone through this process?

[Mollie09 1,543]

That's because E-2 is not a do-it-yourself visa, so most people go straight to a lawyer instead of a forum for questions.