The USCIS announced that as of May 1, 2019, certain Israeli nationals who are lawfully present in the United States will be able to apply for a change of status to the E-2 treaty investor classification.
The E-2 non-immigrant classification allows citizens of countries with which the United States has a treaty of commerce and navigation, to be admitted to the country when they are investing substantial capital in a U.S. business. E-2 status is also available to certain employees of such investors or qualifying organizations. To qualify for an E-2 visa, an individual must also have at least a 50 percent ownership interest in the enterprise or have operational control of same.
This is good news, especially for the technology market. Israel has the second-highest number of start-ups in the world (only the Silicon Valley, in California, contains more start-ups). With the ability to apply for the E-2 treaty investor classification, Israelis will be able to create or open start-up companies in the U.S., which should positively affect the American economy.
Israeli nationals in the United States who currently possess a lawful non-immigrant status can file Form I-129, Petition for a Non-immigrant Worker, to request a change of status to E-2 classification, or a qualifying employer can file the petition on their behalf. Spouses and unmarried children under 21 years of age, and treaty investors and employees who are already in the United States, may also seek to change status to E-2 classification as dependents by filing Form I-539, Application to Extend/Change Non-immigrant Status.
If you have plans to internationalize your investments, develop business, and begin your expatriation process, it is important to have a team of lawyers with proven experience, acting in several jurisdictions and accredited by their respective governments. Our highly specialized professionals possess the technical skills required to evaluate the best alternatives and meet your needs and expectations.
To know which immigration option best suits your profile and that of your family, in addition to knowing more about the many possible alternatives for your projects to develop successfully, talk to one of our expert attorneys. Schedule a consultation with HAYMAN-WOODWARD PLLC now.
Our attorneys will assist you in all the details of your expatriation, at all stages, including business development in the United States. For our law firm, each case is unique and is treated as such, with personalized and individualized solutions.
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