Wisconsin Immigration Law: What You Need to Know About E-2 Investor Visas

Wisconsin is becoming an increasingly popular destination for foreign investors seeking to establish a business in the United States. One way to do this is through the E-2 Investor Visa, which allows foreign nationals to invest a substantial amount of capital in a U.S. business. This article will explore what Wisconsin immigration law entails concerning E-2 Investor Visas and what potential investors need to know.

Understanding the E-2 Investor Visa

The E-2 Investor Visa is a non-immigrant visa that permits foreign nationals from treaty countries to enter the U.S. to develop and direct a business venture. To qualify for an E-2 Visa, applicants must meet specific requirements, including having a substantial investment in a bona fide enterprise and being a national of a country that holds a qualifying treaty with the United States.

Eligibility Criteria for E-2 Investor Visas in Wisconsin

To be eligible for an E-2 Investor Visa in Wisconsin, applicants must fulfill the following criteria:

Nationality: The applicant must be a citizen of a country that has an E-2 treaty with the U.S. Examples include Canada, the UK, and several countries in Europe and Asia.
Investment Amount: The investment should be substantial relative to the type of business. While there is no set minimum, investments typically range from $100,000 to several million dollars.
Bona Fide Enterprise: The business must be a real, active, and operating commercial enterprise. E-2 Visa holders cannot simply buy an existing business and immediately claim eligibility; they must show that they plan to develop and direct the business.
Control of Funds: Investors need to clearly demonstrate that they have control over the funds being invested into the business.
Business Plan: A comprehensive business plan outlining the business's operations, projected growth, and financial forecasts is essential for a successful E-2 application.

Steps to Apply for an E-2 Investor Visa in Wisconsin

Applying for an E-2 Investor Visa involves several steps:

Prepare Your Business Plan: Draft a detailed business plan, which will be a critical component of your application.
Secure Capital: Ensure that you have the necessary funds and that they are available for business use.
Complete the DS-160 Form: Fill out the Online Nonimmigrant Visa Application (DS-160) with accurate and comprehensive information.
Gather Required Documents: This includes proof of investment, the business plan, proof of nationality, and evidence of operational status.
Schedule an Interview: Once the DS-160 is submitted, schedule a visa interview at a U.S. consulate or embassy.
Attend the Interview: Be prepared to answer questions regarding your business and investment during the visa interview.

Benefits of the E-2 Investor Visa in Wisconsin

Securing an E-2 Investor Visa offers several advantages:

Quick Processing Times: E-2 Visa applications are generally processed faster than other visa types, often within a few months.
Renewable Status: The E-2 Visa can be renewed indefinitely as long as the business is operational and meets the investment requirements.
Family Benefits: The investor’s spouse and children under 21 can also obtain E-2 status and may be eligible for work authorization.
Pathway to Permanent Residency: While the E-2 Visa does not directly lead to a Green Card, it can serve as a stepping stone if the investor later qualifies for alternative immigration options.

Conclusion

The E-2 Investor Visa presents a valuable opportunity for individuals looking to invest in Wisconsin’s thriving economy. By understanding the eligibility criteria, application process, and benefits of this visa, potential investors can better navigate their journey to establishing a business in the United States. Always consider consulting with an immigration attorney to ensure compliance with all requirements and to receive guidance tailored to your specific situation.