Learn about the E-2 visa for treaty investors - this guide covers E2 visa requirements, application steps, benefits, and how to transition from an E2 visa to a green card.
9 minute read
April 28, 2025
By Team Gale
The E-2 visa is a nonimmigrant U.S. work visa for entrepreneurs and investors from certain treaty countries. It allows you to invest in and run a business in the USA. Unlike the H-1B visa (which requires winning a lottery), the E-2 visa has no annual cap or lottery - you can apply any time if you qualify. It’s a popular option for foreign founders, small business owners, and startup investors. In this guide, we’ll explain E-2 visa requirements, how to apply step-by-step, how long an E-2 visa lasts, and options for an E-2 visa to green card transition. We’ll also answer common questions and provide real-world examples to illustrate key points.
Whether you’re planning to launch a new startup in Silicon Valley or buy a franchise in the U.S., the E-2 visa can be your ticket to doing business in America. Gale’s advanced immigration team has helped many investors navigate this process. Let’s dive into what you need to know!
The E-2 visa is a “treaty investor” visa that allows a national of a country that has an E-2 treaty with the United States to live in the U.S. to direct and develop a business they have invested in. In simpler terms, it’s a visa for entrepreneurs who invest a substantial amount of money in a U.S. enterprise and who will actively manage that business. Spouses and children (under 21) can accompany the investor on E-2 dependent visas. Notably, the E-2 is a temporary, non-immigrant visa - it can be renewed indefinitely (with no maximum year limit) as long as you continue to meet the requirements, but it does not directly lead to a green card (we’ll discuss green card options later).
Treaty Country Requirement: The E-2 visa is only available to citizens of certain countries that have a commerce and navigation treaty with the U.S. (for example, Canada, Mexico, the UK, Germany, Australia, Japan, among others). As of 2025, there are over 80 E-2 treaty countries. Notable countries without an E-2 treaty include India and China, meaning nationals of those countries cannot get E-2 visas unless they have dual citizenship in an E-2 country. (See the U.S. Department of State’s treaty countries list for the full list.)
Key idea: The E-2 visa lets you work for your own company in the U.S. (or a company you substantially invest in). It’s different from employment visas like H-1B or L-1 - the E-2 is about investing and running a business, not about being sponsored for a job (though you are essentially “sponsoring” yourself via your investment). If you already have a company abroad, the L-1 intracompany transfer visa might be an alternative to bring yourself or a manager to the U.S. (see our L-1 Visa Guide for that route). But for an entrepreneur starting fresh in the U.S., the E-2 is often the go-to option as long as your home country is eligible.
To qualify for an E-2 visa, you must meet several strict requirements set by U.S. immigration regulations. In summary, the main E2 visa requirements are:
If you meet all the above, you could be a strong candidate for an E-2 visa.
Real-world example: A citizen of France invests $250,000 to open a French bakery in New York, forms a U.S. LLC for the bakery (100% French-owned), hires 5 employees, and plans to expand catering services. This investor would likely qualify for E-2 status - she’s from a treaty country, invested a substantial sum at risk (for equipment, lease, inventory), has an active business with job creation (not marginal), and will direct the business as the owner-manager.
Once you’re sure you meet the requirements, how do you actually get the E-2 visa? The application process will depend on whether you are applying from outside the U.S. at a consulate (most common) or applying to change status to E-2 from within the U.S. We’ll outline the typical process for a consular application, since ultimately you will need an E-2 visa stamp in your passport to freely travel. (If you are already in the U.S. in another status, you can file a petition with USCIS to change status to E-2; more on that later.) Here are the general steps to apply for an E-2 visa:
Invest and Prepare Your Business: Deploy your investment funds and gather evidence of your business. By the time you apply, you should have your business formed and substantial funds already invested or irrevocably committed. This includes expenses like lease agreements, equipment purchases, initial operating expenses, franchise fees, etc. You should also prepare a professional business plan (often 5-year projections) demonstrating the business’s viability and how it’s not marginal (e.g. showing anticipated growth, hiring, and profits). Many consulates require a detailed business plan for new enterprises. Essentially, at the application stage you need to prove: the company exists (registration docs), you’ve spent substantial money (receipts, bank transfers), and the business is ready to operate or already operating (contracts, invoices, hires, etc.).
Complete the Required Application Forms: Fill out the online DS-160 nonimmigrant visa application for an E-2 visa (this is the standard visa application form for U.S. consulates). In addition, complete Form DS-156E (Treaty Investor Application) which is a supplement specifically for E visa applicants detailing the investment and business. The DS-156E form is typically required for E-2 principal investors and will ask for extensive info about the company, investment amount, employees, etc. These forms will generate confirmation pages that you need for scheduling the interview.
Pay the Fee and Schedule a Visa Interview: Pay the MRV visa application fee (currently $205 for E visas) and schedule your interview at the appropriate U.S. Embassy or Consulate in your home country (or the country of your citizenship). Some consulates may ask you to submit a packet of supporting documents (like your business plan, ownership documents, etc.) prior to the interview date - procedures vary by embassy. For example, the U.S. Embassy in London has specific instructions for E-2 applications, requiring you to email in your document package in advance. Make sure to follow the consulate’s instructions closely. You’ll need to bring your passport, DS-160/156E confirmations, fee receipt, and an organized file of all your supporting evidence to the interview.
Attend the Visa Interview: This is a crucial step. At the interview, a consular officer will review your case and ask you questions about your investment, business plan, your background, and intent. Be prepared to explain your business clearly: What does it do? How much have you invested? Where did the money come from? How many employees or contracts do you have? What is your role? Also be ready to address how you will eventually depart the U.S. (you can say something generic like, “If the business doesn’t succeed or when I decide to retire, I plan to return to my home country,” etc. - they just don’t want to hear that you intend to stay permanently without a green card). If all goes well, the officer will approve your E-2 visa. They will keep your passport to place the E-2 visa stamp in it, and you’ll get your passport back within a few days to a couple of weeks (depending on the consulate’s processing time).
Enter the U.S. and Begin Operations: Once you have the visa, you can travel to the United States and be admitted in E-2 status. At the airport or port of entry, the Customs officer will usually grant you an initial stay of up to 2 years in E-2 status (they’ll stamp your passport or electronic I-94 with an expiration date). Note that the visa validity and the length of stay on each entry can differ: many E-2 visas are valid for 5 years multiple-entry (depending on reciprocity for your country), but each time you enter you get a 2-year period of stay. Some countries have shorter visa validity (for instance, Mexican citizens currently get 1 year E-2 visas, and some countries even only 3 months), but in all cases you get up to 2-year increments of status when you enter. You must ensure your business continues to meet the criteria; you can file extensions of status with USCIS or renew the visa at a consulate to continue past the initial period. We’ll cover renewals next.
If you’re already in the U.S.: Instead of the above consular process, you could file a Form I-129 petition with USCIS to change status to E-2 (or extend an existing E-2 status) without leaving the U.S. Your company would submit an I-129 (with E-2 supplement) and all supporting evidence to USCIS. If approved, you get E-2 status for up to 2 years. The downside is this doesn’t give you an actual visa stamp; it just changes your status. If you later travel abroad, you’d still need to go to a consulate to get the E-2 visa in your passport to re-enter. Many applicants do a change of status first (to start working sooner) and then later apply for the visa stamp when convenient. USCIS processing can take a few months, but premium processing is available (15-day decision for a $2,500 fee) if you need a faster answer on a change of status.
One of the great features of the E-2 visa is that it can be renewed indefinitely as long as you and the business continue to qualify. There is no maximum number of years you can be on an E-2. Initially, depending on your country’s treaty arrangements, you might get a visa valid for a few months up to 5 years. For example, Japanese citizens currently get 5-year E-2 visas, whereas Egyptian citizens get 3-month visas (single entry) - it varies. But regardless of visa validity, each entry to the U.S. in E-2 status grants 2 years of stay. You can then exit and re-enter to get another 2 years, or file an extension of status from inside the U.S.
To renew the E-2, you’ll need to prove that the business is still running and remains eligible: it’s still not marginal (preferably it has grown), you still have skin in the game, and you continue to direct it. Typically, renewals will require updated financial statements, tax returns, payroll records to show the enterprise is active and profitable (or on a solid path). Many E-2 entrepreneurs renew their visas every 2-5 years and can essentially live in the U.S. long-term on E-2 status. Indefinitely in theory does not mean permanent - you must always maintain the intention to depart eventually. In practice, however, as long as you don’t declare immigrant intent or violate the visa terms, you can keep renewing. There are E-2 families who have lived in the U.S. 10+ years by continually extending their E-2.
Work Authorization for Spouse: One major benefit - the E-2 investor’s spouse can obtain work authorization. E-2 spouses are eligible for unrestricted work authorization in the U.S. In fact, as of 2022, E visa spouses no longer even need to apply for an EAD card; once in E-2 status as a dependent, the spouse is automatically authorized to work incident to status. (They can get an annotation on their I-94 indicating work authorized). This means your husband or wife can work for any employer (or even start their own business) while you run your E-2 company. This is a huge advantage for family flexibility.
Children (under 21) can live and study in the U.S. on E-2 dependent status (they cannot work, but they can attend school).
Travel on E-2: With a valid E-2 visa, you can travel in and out of the U.S. freely. Just be mindful to maintain your business - lengthy absences or if the business falters could raise questions on re-entry. Also, if you change your business significantly (for example, switch to a totally different type of business or sell the old business and invest in a new one), you may need to file to amend your E-2 status or get a new visa reflecting the change. Minor changes (like expanding locations or adding related activities) are generally fine. Always consult an immigration attorney if you pivot your investment, to ensure continued compliance with E-2 rules.
Example - Renewal: Suppose you received an E-2 visa in 2023 by investing in a tech startup. In 2025, your initial period is expiring. You have since hired 3 employees and revenue is growing. You would prepare a renewal application showing the business’s 2023-2024 financials, proof of the jobs you created, and a statement that you are still developing the enterprise. If all is in order, the renewal should be granted and you can continue operating for another two years (or get a new visa stamp for another 5-year validity, depending on the country).
One of the most common questions E-2 investors ask is: “Can I go from an E-2 visa to a green card?” The E-2 visa itself does not provide a direct path to U.S. permanent residence (green card) - it is a strictly nonimmigrant category. There is no cap or quota on E-2 visas, but also no built-in way to “adjust status” to immigrant status through the E-2 alone. However, there are several indirect strategies to transition from an E-2 visa to a green card. Many E-2 visa holders do successfully obtain green cards, but it requires planning and often a change of visa category or a separate immigrant petition. Here are some paths to a green card for E-2 visa holders:
In summary: sometimes an intermediary step of changing status can make the green card process smoother. Keep in mind, though, not everyone will have this luxury, and changing status to H-1B means you’d have to give up running your E-2 business full-time, which may not make sense unless the business isn’t going well or someone else can manage it.
Important: If you plan to pursue any green card path, plan early and coordinate with your E-2 renewals. Because if you overtly show immigrant intent (for example, by filing an I-140 petition for EB-5 or NIW), a consular officer at your next E-2 renewal or entry could potentially refuse your E-2 on the basis that you no longer have intent to depart. Many people manage this by timing - e.g., they renew their E-2 first, then file the green card petition right after the renewal, or if filing while a visa is valid, they avoid travel until they can file for Adjustment of Status (if eligible). Each case is different, so professional guidance is key here. It is possible to go from E-2 to green card, but it’s not as straightforward as with some visas that have direct conversions.
Comparison: Unlike some work visas (for example, an L-1A visa can lead to a green card via the EB-1C category rather directly), the E-2 has no built-in immigrant option. However, many E-2 investors do become U.S. permanent residents eventually by using one of the strategies above. It requires careful navigation of immigration law. Gale and its network of immigration attorneys have experience mapping out these long-term plans, ensuring you maintain status in the short term while planning for the future.
Applying for an E-2 visa involves significant documentation and legal nuance. While it’s technically possible to apply on your own, in practice most successful E-2 applicants work with an experienced immigration lawyer due to the complexity and high stakes. Here are a few reasons why an E-2 visa lawyer is highly recommended:
While hiring an attorney is an added cost, consider the stakes: You’re investing serious money into your business and your future in the U.S. An E-2 denial could derail those plans. Having professional guidance greatly increases your chances of a smooth approval. Gale offers consultations to evaluate your situation and can pair you with an immigration lawyer who speaks your language and understands your industry. We pride ourselves on being the most advanced immigration firm for work visas, leveraging technology and legal expertise to achieve fast, successful outcomes.
If you’re considering an E-2 visa, it pays to get it right the first time. Contact Gale for a consultation to discuss your E-2 strategy. Our experts will assess your eligibility, help you strengthen your case, and guide you through each step - from crafting your business plan for the consulate to ultimately scaling your business in the U.S. Don’t navigate this complex process alone - book a consultation with Gale today to set your American dream in motion!
A: There is no fixed minimum dollar amount required for an E-2 visa. However, your investment must be “substantial” relative to the total cost of the business and sufficient to ensure its successful operation. In practice, investments under around $100,000 may be considered too low for many businesses (unless the nature of the business is very low-cost). Most successful E-2 cases involve six-figure investments. The key is that the amount should make sense for the type of enterprise - e.g. a small consulting firm might justify a lower investment than a manufacturing business. The funds must be genuinely at risk (spent or committed to spend), not just sitting in a bank account. Essentially, invest as much as is needed to get the business up and running robustly - the consular officer will assess if it’s substantial enough given your business plan.
A: The validity of the E-2 visa depends on the treaty agreement with your country. Many E-2 visas are issued for up to 5 years (for example, for citizens of Japan, Canada, UK, etc.), but some countries have shorter validity (12 months for Mexico; 3 months for Iran, etc.). Regardless of the visa stamp’s validity, when you enter the U.S. you will typically be granted a 2-year period of stay in E-2 status. You can renew the visa and your E-2 status indefinitely as long as you continue to meet the requirements. There is no maximum number of extensions (unlike some visas that have year caps). Each extension of status from USCIS inside the U.S. adds 2 more years. Each visa renewal at a consulate will give you a new visa stamp (length depends on treaty terms) which allows further entries, each for 2 years. In short, you can keep extending or re-entering on E-2 indefinitely, potentially for decades, provided your business remains active and not marginal, and you maintain the intent to depart if your status ends. Many E-2 holders have spent 10+ years in the U.S. through consecutive renewals.
A: Yes! The spouse of an E-2 visa holder is eligible to work in the United States. In fact, recent changes have made it easier than ever. Upon entering the U.S. in E-2 dependent status, the spouse is automatically authorized to work without needing to apply separately for an EAD work permit (the I-94 is noted to indicate work authorization). This means your spouse can work for any U.S. employer, or even start their own business, full-time or part-time. This is a huge benefit of E-2 status (similar to L-2 and H-4 EAD for certain spouses). Your children on E-2 (children must be under 21 and unmarried) cannot work, but they can attend school or college. Spouses often take advantage of this to supplement family income or continue their own career while in the U.S.
A: E-2 visas are only available to nationals of countries that have an appropriate treaty of commerce and navigation with the U.S. or a specific authorizing law. There are over 80 treaty countries. Some notable ones include: Canada, Mexico, Colombia, Argentina, United Kingdom, Germany, France, Italy, Spain, Turkey, Israel, Australia, Japan, South Korea, Pakistan, Bangladesh, and many more. Examples of countries not eligible (no treaty): India, China, Russia, Brazil, among others. If you are a dual citizen, only one of your nationalities needs to be a treaty country to qualify (and you must apply using that passport). The U.S. Department of State maintains a Treaty Countries list with all E-2 eligible countries and the corresponding visa validity periods for each. It’s important to verify your country’s status - occasionally new treaties get added (e.g. Israel was added in recent years) or terms change. As of 2025, no treaty exists with India or China, so nationals of those countries cannot get E-2 visas unless they have an alternative citizenship from a treaty country.
A: Not directly - the E-2 is a nonimmigrant (temporary) visa that by itself doesn’t provide a direct path to permanent residency. There is no conversion from E-2 to green card without pursuing a separate immigrant category. However, there are indirect paths to get a green card while on E-2. Common strategies include: family-based green cards (e.g. marriage to a U.S. citizen), employment-based green cards like EB-2 or EB-3 (if a U.S. company sponsors you for a job - sometimes tricky if you own the company), the EB-5 investor green card (if you invest $800K-$1M+ and create 10 jobs, you can apply for a green card), or the EB-2 National Interest Waiver (if your business or qualifications are in the national interest, allowing you to self-petition for a green card). Some E-2 holders also switch to a dual-intent visa (like H-1B or L-1) to then pursue a green card. It requires planning, and you must be careful about demonstrating immigrant intent while on E-2. But yes, many E-2 visa holders do eventually obtain green cards through one of these pathways. It’s wise to consult an immigration attorney to chart out the best course based on your situation. (For example, if your goal is a green card and you have the funds, maybe consider EB-5; if your business is in a critical field, NIW could be an option; if you have a potential U.S. employer, maybe transition to H-1B.) Gale’s attorneys often help E-2 clients pivot to green card strategies when the time is right.
A: Technically, yes - you are allowed to apply on your own. In practice, however, applying without a lawyer is risky for the E-2, given the extensive documentation and legal nuances involved. The E-2 visa process is not just a form filling exercise; it requires presenting a qualifying business case under U.S. immigration laws. If you attempt it yourself, you’ll need to thoroughly research the regulations, carefully prepare a 5-year business plan, correctly complete all forms (DS-160, DS-156E) and assemble a formidable evidence package. Any mistakes or weaknesses could lead to a denial or a request to radically supplement the application. Many applicants who start on their own find the process overwhelming. Because a substantial investment (and your ability to run your business in the U.S.) is on the line, most investors do choose to hire an experienced immigration attorney to navigate the process. An attorney can save you from costly errors and improve your likelihood of approval. That said, if your case is very straightforward (e.g. you’re buying a franchise with well-documented financials) and you’re confident in preparing complex applications, you could try - but even then, we strongly recommend at least consulting with a lawyer to review your packet. Considering what’s at stake (your business plans and thousands of dollars invested), the legal fees are usually a worthwhile investment for peace of mind and success.
Bottom line: It’s possible to DIY an E-2, but not advisable in most situations. Gale can connect you with top E-2 attorneys to make the process smooth and stress-free.
© Copyright 2025, HRR Technologies, Inc. All rights reserved.
Disclaimer: Gale is not a law firm and nothing on this website is to be considered legal advice, including resources and guides. Blank immigration forms are available, with instructions, for free at the USCIS website. Communications between Gale and you are governed by our Privacy Policy and Terms of Service, but are not covered by the attorney-client privilege. All legal services are provided by independent contracted attorneys and are subject to an attorney-client agreement.