(Summary description)On June 22, US President Trump signed an announcement stating that the new crown epidemic has affected the livelihoods of Americans and the unemployment rate has risen. In order to protect unemployed Americans, the issuance of certain non-immigrant work visas, including H-1B (temporary work) Visa), H-2B (seasonal work visa), H-4 (work visa spouse), L-1 (business executive visa), and some J-1 (visiting scholar) visas.

U.S. L visa is suspended, market focus on Grenada E-2 visa





U.S. L visa is suspended, market focus on Grenada E-2 visa

(Summary description)On June 22, US President Trump signed an announcement stating that the new crown epidemic has affected the livelihoods of Americans and the unemployment rate has risen. In order to protect unemployed Americans, the issuance of certain non-immigrant work visas, including H-1B (temporary work) Visa), H-2B (seasonal work visa), H-4 (work visa spouse), L-1 (business executive visa), and some J-1 (visiting scholar) visas.

Categories:Industry News
Author:
Origin:
Time of issue:2020-12-04 10:10
Views:0

Information

　　On June 22, US President Trump signed an announcement stating that the new crown epidemic has affected the livelihoods of Americans and the unemployment rate has risen. In order to protect unemployed Americans, the issuance of certain non-immigrant work visas, including H-1B (temporary work) Visa), H-2B (seasonal work visa), H-4 (work visa spouse), L-1 (business executive visa), and some J-1 (visiting scholar) visas. The decree will take effect from 0:01 on June 24, Eastern Time, until December 31, 2020.

　　Some lawyers said: For the investment immigration market, the suspension of the L visa will help the market focus on the E2 visa, especially when the work visa is heavily restricted. In recent years, since the EB5 scheduling problem appeared, many entrepreneurs and executives have favored landing in the United States through an L visa to obtain a green card. The promulgation of the executive order temporarily caused many applicants to lose a shortcut to the United States. E2 visa has almost become the most likely and best way to land in the United States quickly.

　　"For citizens of countries signatories to the E2 treaty, this application process will continue to be simplified. For citizens of non-treaty countries, taking a second passport and obtaining an E2 visa may be much faster than waiting for the L1 visa to reopen. "

　　E-2 visa refers to the "treaty investor visa", which is a long-term, renewable non-immigrant work visa. E2 holders can extend the extension indefinitely, and the spouse and children can work and study with them. The U.S. government will not tax the global income of E2 visa holders as it does for green card holders, and is known as a visa that is not a green card "better" than a green card. More importantly, E2 does not have the so-called "immigrant supervision", which is very attractive to Chinese investors holding foreign passports.

　　Advantages of E2 visa

　　The E2 visa application process is simple and does not require the applicant to have senior management experience; L1 requires the applicant to have more than one year of senior management experience

　　E2 visas apply directly to the consulate; L1 apply to the immigration office first, and then go to the consulate to face the visa after approval;

　　E2 visa is limited to five years at a time and can be renewed multiple times; L1 visa is 1-3 years and can be extended for up to 7 years

　　E2 and L1A visa comparison

	E2 visa	L1A visa
Do you need a non-US foreign company to exist when applying for a visa	Not needed	need. L1A beneficiaries must have worked in a foreign company for at least 1 year
Is it required to invest in the United States before obtaining a visa?	need. But if you are buying a business, you can first put the money in the escrow account	No need. But the newly established organization must rent the venue first
Where to apply for a visa	Generally apply through the consulate, but if you are in the United States, you can apply to USCIS	Apply to USCIS, but you must first stamp your visa at the consulate when you enter the United States
Can spouse work	Can	Can
Can children work	No, but you can go to school	No, but you can go to school
How long is a visa period	Renewable for up to 5 years	1 year for new institutions, up to 3 years for others
Is there a time limit for visa extensio	No	Up to 7 years
Is visa related to nationality	Must be a treaty country (no requirement for spouse and children)	No
Can the visa be converted into a green card	Can't. But you can apply for a green card through other channels	If you meet the conditions, you can apply for a green card after one year

　　It is worth emphasizing that the spouse and children under the age of 21 of the main E-2 applicant can apply for an E-2 visa together as a subsidiary applicant and enjoy educational benefits even if they do not hold a passport of an E-2 member country.

　　【Currently it is very difficult to go to and stay in the United States】

　　The choice of living and working in the United States has been greatly reduced in the past two years in 2018 and 2019. The EB5 process is too long; EB1C has too high requirements for existing business management experience/producing employment requirements/investment amount, and it is more and more difficult for international students to draw H1B work visas after graduation, and the required basic salary line is too high, which makes it difficult for international students after graduation It is basically impossible to stay in the United States. Even a 10-year business/tourist visa is becoming more and more difficult to apply. There are fewer and fewer options for living and working in the United States.

　　【solution】

　　Among the few possible choices, the E2 visa, which does not require business experience, requires less investment, has a short application time, and can quickly live and work in the United States, has become the latest and best choice for holders of treaty country passports to live and work in the United States. As for those born in China who hold the passport of the contracting state, the number of E2 applications is not very high, and the difficulty of review and approval is not very large. It is expected that the number of E2 applications will increase rapidly in 2020, and the difficulty of approval will increase with the number of parcels.

　　Grenada citizenship + E-2 visa

　　Grenada, located in the Caribbean, is a Commonwealth country and has mutual visa exemption with China. After becoming a citizen of Grenada, you can apply for a U.S. E-2 visa to meet the requirements of long-term residence in the U.S. The applicant’s children can enjoy the same educational benefits as U.S. citizens and residents, and E-2 visa holders residing in the U.S. Need to pay taxes worldwide.

　　Grenada has become the country of choice for E-2 visa processing in terms of tax policy, capital investment and processing time. This option allows investors to obtain an E-2 visa in approximately 6 months, valid for 5 years, and can be renewed indefinitely.

　　U.S. E2 visa FAQ

　　Grenada: the perfect springboard for immigration to the United States

Scan the QR code to read on your phone

Previous: The value of a strong passport has truly become a global trend

Next: 2020 China High Net Worth Wealth Report: Uncertain macro environment becomes the biggest pain point

Previous: The value of a strong passport has truly become a global trend

Next: 2020 China High Net Worth Wealth Report: Uncertain macro environment becomes the biggest pain point

Grenada National Resort Partners with US-based Immigration Lawyers

In the dynamic and aggressive world of the Citizenship Investment Programme, developers are in a constant struggle to offer the best services to their clients and to make for processes that are efficient and robust. As a new development, entering a new market, the Grenada National Resort project understands that positioning, appeal, and service are crucial elements for increasing its investment portfolio. In view of this, the Grenada National Resort project works with a team of lawyers from around the globe, and especially in the United States, who are experienced, knowledgeable, and accomplished in working with investors and immigration, to help make the process smoother, transparent and vigorous.

2022-04-21

Grenada National Resort, Silver Winner at Macau Design Competition

Featured among excellent works on display at the 2020 "Golden Lotus Cup" International (Macau) Design Competition, as well as the 6th "Golden Lotus Cup" International Design Masters Invitational Competition, the Grenada National Resort emerged a proud award-winner for its architectural design.

2022-04-21

Singapore Heng Sheng and Robert Trent Jones II Group of Golf Course Architects Finalize Design of the 18 Hole Championship Golf Course for the Grenada National Resort project

Singapore Heng Sheng Company received a team from the Robert Trent Jones II Group of Golf Course Architects (RTJ II) to discuss the 18 hole Championship golf course design and construction components of the Grenada National Resort project, developed by Singapore Zheng Sheng Company. In attendance were Jack Lin (Project Manager of golf course construction at Grenada National Resort), Robert 'Trent Jones III (COO of RTJ II), and Mike Gorman. The team had a frank, pleasant, and productive conversation.

2022-04-06

The Levera Project Brings Holiday Relief to 200 Families in St. Patrick

The Grenada National Resort Project is bringing Holiday relief in the form of food vouchers to two hundred (200) families in the community of St. Patrick.

2021-11-18