The E2 visa is your gateway to business opportunities in the United States, but navigating its requirements, particularly the āE2 visa source of funds,ā is crucial.
In this guide, we unravel the complexities surrounding this vital aspect. From the origins of eligible investment funds to commitment and operational milestones, we will provide insights to help you succeed in your E2 visa journey. And, for personalized support, our immigration lawyers are ready to assist you. Let’s embark on this path to American business together.
Source Of Investment Funds
To be eligible for an E2 visa, the investor must have direct control and possession over the invested capital and funds. E2 visa source of funds can be from within the United States itself, and they are not required to come exclusively from outside the country. Importantly, of course, these funds must originate from lawful sources, including personal savings, investment returns, gifts, inheritances, and other legitimate channels. Nevertheless, it is worth mentioning that inheriting a business does not meet the eligibility criteria for the E2 visa.
Types Of Loans For E2 Investment
Some types of loans may be considered as part of the E2 investment capital.
Typically, loans that are backed by the investorās personal assets, like a secondary mortgage on a residence, or unsecured loans, like those based on the investorās personal creditworthiness, may be considered suitable for inclusion in the investment. It’s important to bear in mind that this applies to the E2 visa source of funds.
On the other hand, it is crucial to emphasize that loans such as mortgage debt or commercial debts secured by the assets of the E2 enterprise cannot be considered as part of the investment. As an illustration, when the business in which the applicant is investing serves as collateral, the funds obtained through the subsequent loan or mortgage do not meet the criteria for E2 investment, regardless of the use of personal funds.
In brief, acceptable investment funds must mainly involve the investorās personal assets. This includes personal funds, assets without any financial encumbrance, a mortgage using the investorās personal real estate as collateral, or a similar form of personal financial commitment. Furthermore, a reasonable amount of cash reserved in a business bank account for everyday operational expenses can be included as part of the investment funds. As a result, the investor is not obliged to use the entire fund amount for it to be considered a contribution to the overall investment.
Commitment And Operational Requirements
It is imperative that the funds and assets designated for investment demonstrate a genuine and irrevocable commitment to the endeavor. Consider the scenario in which the acquisition of a business that perfectly meets all E2 visa criteria, including the E2 visa source of funds requirement, is subject to the condition of visa issuance. Despite this stipulation, a robust commitment is established when the assets designated for the purchase are securely held in escrow. In such a case, the release or transfer of these assets is contingent solely upon the fulfillment of the specified condition.
Furthermore, the business should have already commenced its operations or be in close proximity to initiating actual business activities. It should not be at a stage where it is solely involved in contract signing or the exploration of suitable locations and properties. Having a mere intention to invest, holding uncommitted funds in a bank account, or engaging in prospective investment arrangements lacking immediate commitment do not meet the standards established by the E2 visa requirements.
We Can Help You
To seek advice from an immigration lawyer, please do not hesitate to get in touch with us. You can call us at (305) 921-0976, email us at [email protected], or WhatsApp atĀ +1 (305) 921-0976.
