Thursday, November 14, 2024

Only 1 E-2 visa issued for Grenada in 2017

Grenada is the only country in the world, at present, that has both a citizenship by investment program and treaty with the U.S. that allows citizens of Grenada to apply for E-2 treaty investor visas to the U.S.

Grenada E-2 treaty with United States is in force from March 3, 1989. Grenada does not have E-1 trader treaty with the US.

A quick check on State department statistics on E2 visas reveal that only one E-2 visa has been approved for the year 2017 under E category. During Q1 2018 Grenada received 77 applications for its CBI program.

Grenada E-2 visa statistics

The E-2 nonimmigrant classification allows a national of a treaty country (a country with which the United States maintains a treaty of commerce and navigation) to be admitted to the United States when investing a substantial amount of capital in a U.S. business.  Certain employees of such a person or of a qualifying organization may also be eligible for this classification.

Economic citizens of Grenada cannot apply for E-2 visa, without becoming a permanent resident of Grenada (living). This can be  done by renting a home address or buying a property in the country.

An E-2/1 visa is one of the cheaper alternative for EB-5 with no investment ceiling and investors qualify for five year non-immigrant visa. Unlike EB-5, applications for E-2 can be launched at US consulate and require no approval from USCIS. Another benefit include E-2 visa holder may be able to avoid US taxation on worldwide income

 

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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