Foreign Investors’ Opportunities And Challenges With The E-2 Visa In The Post-pandemic World

The E-2 visa offers one of the fastest routes for foreign investors to enter the US. However, many current E-2 visa holders are encountering difficulties while renewing their visas, mainly because of the repercussions of the COVID-19 pandemic. The pandemic caused some businesses to underperform, causing complications during the renewal process. If you are struggling with E-2 visa renewal, anE-2visa lawyer in New York may be able to guide you.

E-2visa lawyers in New York- The state of the E-2 visa in the post-pandemic world

If your business has been impacted by the aftermath of the COVID-19 pandemic, you are not alone. Many businesses continue to struggle to recover from their losses. The situation has particularly affected E-2 visa holders in the United States, as failing to meet their financial projections can make it challenging to renew their visas.

However, there is good news: COVID-19 affected everyone and everything. This can make it easier to explain why you did not meet the expected outcomes. In this case, you will need to prepare the necessary documentation to prove that the pandemic has negatively affected your business. You can also highlight the factors that helped your business survive despite the downturn. For instance, you may show that you made smart business decisions, such as:

• Adding a new product or service in response to the pandemic
• Attracting new clients in a new way
• Rehiring employees that have been laid off due to the pandemic
• Expanding your business to the e-commerce sector

Doing thishelps prove that your business is viable in the long term and is growing in a direction that positively affects the US economy.

Regardless of your E-2 visa status, you can expect to encounter both opportunities and challenges as the economy opens back up and trends continue to change. For example, while starting a business in the US is now cheaper and easier due to the rise of remote work, E-2 applications with lower investments tend to be more heavily scrutinized, making it harder for low-cost businesses to obtain a visa. Also, investors must show that their businesses can readily create jobs when applying for an E-2 visa. But it can be difficult to find workers with the shrinking labor pool in the US.

Now more than ever, it’s important to stay updated on policy updates regarding E-2 investor visas so you can be one step ahead.

Berd & Klauss is an immigration law firm with experienced E-2visa lawyers in New York. Get in touch with the firm today to gain more guidance throughout your E-2 visa application.

About the Author:

This content is written by Patrick Klauss, Esq, an immigration lawyer and a partner at Berd & Klauss, PLLC. The firm specializes in immigration & immigration-related issues and handles everything from immigrant visas to deportation and waivers.