Santiago J. Padilla, P.A.

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Posts tagged "Investor Visas"

Ecuadorian Nationals Lose Treaty Investor Visa

Under Section 101((a)(15)(E)(ii) of the Immigration and Nationality Act (8 U.S.C. §1101 et seq.), certain foreign nationals that are citizens of a country that has entered into a treaty of commerce and navigation with the United States, may obtain a nonimmigrant visa and work and live in the U.S. if such foreign national has invested a "substantial amount of capital" in a U.S. enterprise. This is what is referred to as the "E-2 Treaty Investor Visa" category. There are numerous countries that qualify for this visa because they entered into a treaty of commerce and navigation with the U.S. The U.S. Department of State publishes this list of countries. However, there are many countries that do not have a treaty with the U.S., like Venezuela, Brazil, Uruguay, Portugal, India and other countries. Last year, the U.S. Department of State issued a notification that its treaty with Ecuador was terminated by Ecuador. Therefore, nationals of Ecuador no longer qualify for the E-2 Treaty Investor Visa and Ecuadorian nationals that have made qualifying investments in the U.S. prior to May 18, 2018 will continue to be entitled to E-2 status, but only until May 18, 2028.