As per the Center for Immigration Studies (CIS)--an anti-immigration study group--the latest statistics accessible reveals that the US, E-1 Treaty Trader Visa and E-2 Treaty Investor Visa attract 4 times more aliens into the nation, vis-à-vis the extensively reported EB-5, Immigrant Investor Scheme. Allegedly, even as the CiS is anti-immigration body, their report--regardless of containing many factual errors--is in point of fact rather exciting.
On the basis of the information from the US Department of State's Report of the Visa Office for 1994 through 2013, the CIS reportedly claims that the E-1 Treaty Trader and E-2 Treaty Investor Programmes offered non-immigrant visas for over 42,000 people from abroad through 2013.
According to the CIS, even as there have been news tales and congressional hearings on the EB-5
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Visas (the Immigrant Investor Programme), the more or less comparable E-1 Treaty Trader and E-2 Treaty Investor Visas that draw almost 4 times as many visitors has hardly attracted any attention. While the EB-5 Immigrant Investor Programme is a Permanent Residence (PR) class, the E-1 and E-2 Visa Plans are impermanent visas that can keep on being extended as long as the business goes on in the US.
However, as per one observer, the report from the CIS is plagued with many factual errors. The same appears to put forward that the E-2 Treaty Investor Visa and E-1 Treaty Trader Visa are pretty easy to get hold of, but this is anything but right. It is a rather complex procedure.
One has to offer convincing proof that he has made an investment and put funds at risk, and he typically requires to generate employment opportunities. Besides, a great deal of credentials/records is needed to persuade a visa official to firstly offer E-2 or E-1 registration to the firm/organization, and after that a visa.
The CIS reportedly states that not long back, the figure of the EB-5 Immigrant Investor Visas given amounted to 100s not 1000s. But--thanks to the vast support from incumbent President Obama's government--the figure is presently at the quota level of 10,000 Visas every year. The CIS also claims that the E-1 and E-2 Scheme does not have any numerical ceiling which is really correct.
As per the CIS, unlike the EB-5 Plan, the E-1 and E-2 Treaty Visas are operated by the US Department of State, requiring negligible interaction with US local business bodies or American administration bureaus at any level. But this is not actually true.
More often than not one submits a petition at his nearest US Consular Centre or Consulate. This is noticeably a Government Agency. Also, these days, different Government Agencies perform an increased number of checks.
The CIS claims that in case an overseas person fits the US Department of State's picture of either a treaty trader or investor, then he will be given a visa in the wake of an overseas interview. While it's achievable to get an adjustment to E-1 or E-2 position in the nation, the resulting document does not permit a visa holder to go away and re-enter the nation. Allegedly, this fact shared by the CIS is obviously incorrect. It is not easy to get hold of E-1 or E-2 Treaty registration.
E-1 Treaty Trader, E-2 Treaty Investor Visa--Key Conditions
The E Treaty Visa Scheme is divided into two sub-classes, namely, the E-1 Treaty Traders & the E-2 Treaty Investors. The former is given to the people from abroad, together with their family members and workers, whose firm/enterprise is duly engaged in substantial trade between the US and is comparatively the less accepted of the subclasses. The latter are basically for treaty investors who have made a considerable amount of investment in their American venture, together with their family members & workers.
For both the schemes, overseas national entrepreneurs, and partners--post submitting a petition for work sanction--can do a job.
Source:http://www.sooperarticles.com/careers-articles/career-management-articles/us-e-1-e-2-visas-draw-more-migrants-than-eb-5-visas-1492645.html
