The United States of America’s E-2 Visa is an investor visa program, which allows investors and their families to live and work in the United States by making a substantial investment in a US entity. A treaty investor may either start or invest in a business in the US in order to be eligible for the visa.
This program is exclusive to citizens of any country that has signed an E 2 treaty with the US.
There are currently 81 countries that have signed an E-2 treaty with the USA. New Zealand being the most recent country to sign the treaty on 10th June 2019.
Family members, which include the applicant’s spouse and dependent children (unmarried and under 21) are also beneficiaries of the E2 visa.
Spouses of main applicants may be permitted to work in the country if an “Employment Authorization” is approved by the U.S. Citizenship & Immigration Services. On approval, they are free to take on any type of employment, without any limitations. An E2 visa can be obtained within a period of 90 days.
The Grenadian Government has signed the E 2 treaty with the USA. This entitles all citizens of Grenada to obtain the E 2 visa via an investment of a “substantial” amount in a US entity. Usually, the minimum investment is at least $100,000, which is substantially lower than the EB 5 visa requirement. However, depending upon the type of business and its location, investments below the $100,000 threshold may be accepted for the E 2 visa. Unlike the EB 5 visa
Once the interview is booked it is important that the applicant carries a list of documents that should be prepared in consultation with a professional immigration law firm.
The final stage before getting your E2 visa is appearing for an interview at the US Embassy in Grenada.
Processing times differ from case to case and can take anywhere between two weeks and four months.
Approved applicants and their family members are free to live in the US initially for a period of five years. Thereafter, extensions can be applied for every two years and there is no limit on the number of extensions that can be applied for.
The E2 treaty between Grenada and the United States of America was signed by form US President, Ronald Raegan in 1983.
Grenada is the only Caribbean country that has a bilateral agreement with the USA for the E 2 visa. The US E 2 visa allows Grenadian citizens to make a substantial investment in an active U.S. company, and in return reap the benefits of a life in the United States. This US E 2 visa allows an investor to live and work in the country.
The treaty states that Grenadian passport holders are welcome to invest a “substantial amount” in any US business, as long as the entity meets the E2 treaty guidelines, and the investor acquires a share of at 50% of the company. The treaty between the two countries has resulted in a mutually beneficial proposition, as Grenada now attracts more investors for their CBI program from non-treaty countries, and in turn, the US gains investors for the E2 program.
The US E 2 visa provides benefits for both the primary applicants (the investor), and their family members.
Below are some of the program’s key benefits for a treaty investor:
Grenada is one of the five Caribbean Island countries which have a Citizenship by Investment Program (CBI). The Grenada CBI is designed to offer citizenship to individuals who would like to obtain a Grenada passport at a low cost, particularly those looking for a strong second passport.
The Government conducts strict due diligence on the applicant to ensure that they are of good moral standing, with no criminal record. The Government of Grenada also grants citizenship conditional to the applicant’s “good health”.
Ultimately, if all criteria are met for the Government’s due diligence, any high net worth individual is eligible to apply for the Grenada CBI program.
Below is a sample of the fees involved:
Fees for a principal applicant include:
Fees are payable in two parts:
1) Application, Due Diligence, Processing, and Agent’s fees are due at the point the application is ready to be submitted to the CBI Office. It is important to note that these fees are non-refundable.
2) The investment amount is due upon approval of the applicants citizenship.
The processing time for the application is approximately 60 to 90 days after the application is submitted to the CBI committee This is provided that all the documents are in order.
All applicants must get in touch with authorized ‘Marketing Agents’ and a law firm based in Grenada, to assist them with the process. These marketing agents and immigration lawyers in Grenada will provide applicants with all the application forms, and a checklist of required supporting documents.
Once they review the documents and are satisfied that they are correctly completed, they will request applicants to send them via courier service for submission to the CBI Office.
The Grenadian citizenship by investment programme (CBI) has been growing in popularity amongst Indians in recent years.
The Indian Government, however, does not allow Indian passport holders the option of dual citizenship. This means that Indians who take up Grenada citizenship can not use it as their second passport must renounce their Indian passport.
There is an option to apply for an Overseas Citizen of India (OCI) card for Indians who chose to renounce their citizenship.
This is a permit that is granted by the Ministry of External Affairs in India to any persons of Indian origin and their spouses. The OCI card works as a permit that grants the right to live and work indefinitely in the country.
It is important to note that the main difference between an OCI card holder and an Indian passport holder is that, an OCI card holder is not entitled to vote in Indian elections, hold public office, and own agricultural land in their name.
The Grenada CBI programme continues to attract several Indians, despite the fact that dual citizenship is not permitted for Indian passport holders.
A Grenadian does need a US visa for all forms of travel, including business, tourism, and work. All applications can be made to the US Embassy in the island of Barbados, which is an island member nation located 261 kilometers east of Grenada. Grenada citizenship does not allow for visa-free travel to the US.
Grenada citizens can work in the US with an approved and valid visa that allows investors to work or run a business in the United States. There are 81 countries including Grenada that have a bilateral treaty with USA for the E-2 investor visa. This gives citizens access to live and work in the US. A spouse of the E2 investor can also gain access to an Employment Authorization in order to work freely in the US.
Unlike the EB 5 visa, the E2 does not lead to a Green Card. The E 2 visa is classified as a ‘non-immigrant visa’ and is subject to renewals every two years. The only way to ‘convert’ an E 2 visa to a green card is via an immigrant visa category. The following categories can help applicants obtain a green card- EB 5 visa; Company Sponsored Green Card; EB-1 A (for those with extraordinary ability); National Interest Waiver; or a Marriage based Green Card.
Grenada does allow dual citizenship, which makes it popular citizenship by investment programme. However, if the applicant is the holder of a passport who’s nation does not allow dual citizenship, he/she must make a decision to renounce that citizenship if they want to take up Grenada citizenship. With most countries allowing for dual citizenship, Grenada has become a popular route for many individuals who are looking for a second passport.
To be eligible for Grenadian Citizenship, applicants must either make a donation (in USD) of $150,000 to the government’s National Transformation Fund or invest a minimum amount of $220,000 in a government-approved real estate investment. Once the investment or donation is made, a Grenada passport is issued to the applicant(s) within three to six months.
The donation amount of $150,000 benefits only one applicant. However, any investment in a government-approved real estate property can avail passports for their spouse, dependent children up to 30, dependent parents & grandparents above 65, and even dependent siblings who are above 18 years of age. In the case of a real estate investment, the investment in a property must be held for a minimum period of five years from the date of purchase of the property.
Processing time for the E2 immigration can take any from two weeks to three months. If the applicant does not hear back from the US consulate within this timeframe, it does not necessarily mean that the E2 petition is rejected.
Apart from being able to add a spouse and dependent family members under one investment, the Caribbean Island of Grenada has an added advantage of an E2 treaty with the US. There is no other Caribbean passport that grants an access route to the US via the E2.
Dependent children will no longer qualify for renewals under the same E2 once they turn 21. There are different ways to structure an E2 for dependent children over 21. The first route is if the child acquires at least 50% of the existing E2 company that is owned by their parent. This will make the child eligible for an a fresh E2 . The second option is to apply for an E2 Employee permit, provided the child is of the same nationality as the parent, and they meet the requirements under the E2 treaty.
Our expertise and professionally assembled team can help you create the best portfolio of citizenships, researching which second nationality suits your needs best and helping you acquiring it. We deal in citizenship by investment, providing a wide range of citizenship by investment programs that allow you to obtain citizenship and a passport to enter various countries visa free.
Our extensive knowledge of citizenship by investment not only helps you gain a passport that enables you to travel visa free, but allows you more financial freedom through more favorable tax regimes and banking options.
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