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or she will not remain in the U.S. permanently and that, if the
applicant applies for permanent residency, such application
will be pursued at a U.S. consulate outside of the U.S.
Many Asian investors are not interested in day-to-day
management of a business in the U.S. Unlike the L-1 and
EB-1C multinational manager petition, in which the investor
must qualify for immigration as a manager, with the E-2
visa you can qualify for the visa as an investor. To meet
the “develop and direct” requirement, you have a choice
of either managing the business or hiring a manager and
then overseeing the manager, which can be done remotely.
Depending on the amount of time you spend in the U.S., you
can avoid taxation on worldwide income. Your children can
go to public or private school in the U.S. and may be able to
obtain in-state tuition.
TERMS & BENEFITS OF E-2 VISA
The E-2 visa for Grenada citizens is issued for five years and
can be renewed indefinitely, assuming the business remains
viable. For the Chinese EB-5 investor, the E-2 visa can fill the
entire waiting period. When the child turns 21, he or she can
either change status to F-1 or, because of being a Grenadian
citizen, make his or her own E-2 investment. If one of the
spouses wants to work outside of the investment enterprise,
the other spouse could be the investor, and the derivative
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