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D

Deleted member 1050918

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You can extend E2, but you cannot apply for GC for E2, since E2 is not a dual intent visa. It's like a TN1 except that it's for entrepreneurs, and available for a much broader amount of countries.

The catch is that you must OWN at least 50% of the company you're working on. So for example if you plan to work in say Microsoft or Facebook, you must own at least 50% of Microsoft or Facebook.
  • Be seeking to enter the United States solely to develop and direct the investment enterprise. This is established by showing at least 50% ownership of the enterprise or possession of operational control through a managerial position or other corporate device
https://www.uscis.gov/working-in-the-united-states/temporary-workers/e-2-treaty-investors

You also cannot work in any other company except the company you're currently invested on. In the event, that the said company is sold or folds, you get kicked out of the US, similarly if you leave the company either by resignation or retirement, the US gets to kick you out.

Alternatively you can also work for a company whose original ownership is in your country provided that you own 50% of that company in your country. For example, you opened ABC restaurant with a 50% stake in your home country. The restaurant then decided to open a separate international brand XYZ restaurant in the US. The XYZ is owned exclusively by ABC, hence from the US perspective you are NOT the owner of XYZ restaurant. But since you own at least 50% of the parent company ABC, you would be eligible to work for XYZ company in the US.

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That said, I feel that it's too risky, too capital intensive, and personally I'm just an engineer, without an interest in entrepreneurship, so I would have to give this one a pass, but then again if it's your cup of tea. More power to you!
I wonder how it works though. If it's like "you gotta create $100k every two years to invest over the next two years to keep your visa" then it's pretty easy... Making $100k revenue to invest over 2 years is easy in the US.
 

dankboi

VIP Member
Apr 19, 2021
3,687
11,099
London, United Kingdom
Category........
FSW
I’ve now counted approximately 20 FSW-O PPRs from CPC-Ottawa since yesterday
As per my assumption; for every 5 PPRs announced publicly, 10 PPRs go unnoticed (not everyone has social media presence and some prefer to keep things private)
yes, my solicitor's assistant notified me about 3 folks who got the passport request yesterday.
 

PRANIT01

Champion Member
Apr 12, 2021
1,332
1,499
From kubeir's grp

PPR PPR PPR
Ready for visa email- 5November,2021 at 11:15 IST
FSW-Outland
COR- India
Visa office- Ottawa
NOC- 6221
CRS -459
Cut off- 452
AOR- 5June, 2019 ( yes its 2019)
Applicants -2
Education- Masters for both
IELTS - CLB 10
L-8.5 R-9 W-7.5 S-7.5
Biometrics request - 18 july 2019
Longggggggg wait
Ordered GCMS in dec 2019- Eligibility not met, review required
Reason - Agent was not sure if sibling is residing in canada at that time even though all the docs of her was submitted like Passport, PR card etc
Again submitted all docs which include cc bill, utility bills n all in Jan 2020
Eligibility met - Feb 2020 ( came to know thru call centre)
Silence..........
Ordered GCMS again - Recieved Feb 2021
All passed, medical expires final decision was blank
Remedical request- 10Feb,2021
Remedical passed- 16Feb, 2021
Silence......
Ready for visa email- 5 November, 2021 at 11:15 IST
What to do next?? Should we submit passport to VFS directly bcz no details of courier has been mentioned
They have mentioned to submit passport at nearest VFS, confused with this line
Pls if any body has recently got their passport stamping, throw some light on it
Thanks for this amazing group and all group members
 
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D

Deleted member 1050918

Guest
As at August 2021, 29,400 FSW cases were currently under processing not 57,940. Emphasis on cases not persons
30,000 FSW apps is 10 months if IRCC is pulling 100 PPRs/day.............. We're fucked
 
D

Deleted member 1050918

Guest
Well, if other VOs get busy good things can happen
Needs 500-1000 PPRs/day on avg. Btw I don't understand why issuing a PPR should take more than 5 seconds. Write a little program that mass issues PPRs if the applicant has a valid CoPR. If not, redirect the file for reissuing of CoPR.
 
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Windsor37

Hero Member
Jul 9, 2020
524
465
I wonder how it works though. If it's like "you gotta create $100k every two years to invest over the next two years to keep your visa" then it's pretty easy... Making $100k revenue to invest over 2 years is easy in the US.
No you just have to invest $100K initially to the company, there's like a 5-year grace period for you to turn in profitability.

From UCSIS:

The investment enterprise may not be marginal. A marginal enterprise is one that does not have the present or future capacity to generate more than enough income to provide a minimal living for the treaty investor and his or her family. Depending on the facts, a new enterprise might not be considered marginal even if it lacks the current capacity to generate such income. In such cases, however, the enterprise should have the capacity to generate such income within five years from the date that the treaty investor’s E-2 classification begins. See 8 CFR 214.2(e)(15).

So to put it into perspective, imagine a 27 year-old that has a $100K he decides to open up a company in the US. In order to prove his ownership, he shows the capital he has staked, and to prove that he controls the company he appoints himself as the CEO. In the first 5 years, he might struggle finding talented workers, and would have to cut-down on services like Microsoft Teams, etc. and keep producing every order he gets, in order to keep the business afloat an maintain his E2 status. During this time the US will consider him as a marginal enterprise, after the 5-year period and he is still struggling, the US might decide to revoke his VISA and kick him out of the country.
 
D

Deleted member 1050918

Guest
No you just have to invest $100K initially to the company, there's like a 5-year grace period for you to turn in profitability.

From UCSIS:

The investment enterprise may not be marginal. A marginal enterprise is one that does not have the present or future capacity to generate more than enough income to provide a minimal living for the treaty investor and his or her family. Depending on the facts, a new enterprise might not be considered marginal even if it lacks the current capacity to generate such income. In such cases, however, the enterprise should have the capacity to generate such income within five years from the date that the treaty investor’s E-2 classification begins. See 8 CFR 214.2(e)(15).

So to put it into perspective, imagine a 27 year-old that has a $100K he decides to open up a company in the US. In order to prove his ownership, he shows the capital he has staked, and to prove that he controls the company he appoints himself as the CEO. In the first 5 years, he might struggle finding talented workers, and would have to cut-down on services like Microsoft Teams, etc. and keep producing every order he gets, in order to keep the business afloat an maintain his E2 status. During this time the US will consider him as a marginal enterprise, after the 5-year period and he is still struggling, the US might decide to revoke his VISA and kick him out of the country.
Wow thanks. Dude it even sounds easier now... I could've been that 27 year old and I'm quite sure I wouldn't go belly up after 5 years. But it's still good to know for future plans.