When should I spend the funds for the E2 Visa?

Hi! In today's video, I'm going to answer a question I get quite a bit. Many people want to know if it is necessary to invest in the company before applying for the E2 Visa. The answer is yes. It's necessary to commit the investment amount in the business used for E2 visa application.

If you are purchasing an existing business, it's necessary to pay the full amount of acquisition. If it's a new business, it's required to have the total amount available before applying for the E2 Visa, and also has already spent or committed most of the funds.
For example: if its a franchise, it is important to prove that the contract has already been signed, the franchise fee has been paid, everything to run the business has been purchased, for example, furniture, equipment, products, office material, etc. the company need to be ready to start the operation. The provision you have reserved as working capital will be taken into consideration for the E2 Visa application and needs to be available in the business account.

That's quite understandable in my opinion since would make no sense to grant a business Visa valid for a few years based only in the promise the company would be created as shown on a business plan. Thus, having a good project and personal funds for the investment is not enough to apply for the E2. It's necessary to commit most or all the funds in the enterprise.

A second question I get after explaining that, is: How can set up a company if I don't have the E2 Visa? In this case, the investors can apply for a temporary business visa, the B1. Which allow the investor to come to the Us and attend meetings, sign contracts, rent business premises, hire employees, activities to invest and set up the company. In some countries, usually when someone applies for a tourist visa, the B2, often they automatically receive the B1 as well.

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