E-2 Treaty Investor Visa: Requirements, Investment, and Steps
The E-2 treaty investor visa lets nationals of certain treaty countries live in the US to develop and direct a business in which they have invested a substantial amount of their own capital. There is no fixed minimum investment, but the money must be at risk and the business must be real and more than marginal. Stays last up to 2 years at a time and can be renewed as long as the business qualifies.
On this page
- Who it's for
- Investors and key employees from E-2 treaty countries
- Minimum investment
- None set by law; must be substantial for the business
- Ownership
- At least 50% by treaty nationals, or operational control
- Stay
- Up to 2 years per admission, renewable without a fixed limit
- Spouse
- Can work (E-2S status)
- Children
- Under 21, can study but not work
- Visa fee
- $315 as of September 2026
- Green card
- No direct path
The treaty country requirement
You can only get an E-2 if you are a citizen of a country that has a qualifying treaty with the US. The State Department publishes the official treaty countries list, which shows the E-2 start date for each country. Check it first, because nationality is the one requirement you can't fix with better paperwork.
Some important countries are not on the E-2 list, including India, China, and Brazil. Citizens of those countries often look at EB-5 or the Gold Card instead.
If you got your treaty-country citizenship through an investment program, US law requires that you were domiciled (lived) in that country for at least 3 years before applying. Ask a lawyer how this applies to your case.
Who qualifies: the investment rules
| Requirement | What it means |
|---|---|
| Investment | You have placed, or are actively placing, your own capital in a US business. The money must be committed and at risk of loss. |
| Substantial | The amount must be large enough to launch or buy the business and make it likely to succeed. Lower-cost businesses need a higher share of their cost invested. |
| Real and operating | The business must produce goods or services for profit. Passive investments, such as holding land or stocks, don't count. |
| Not marginal | The business must have the capacity to earn more than a minimal living for you and your family, or to make a significant economic contribution, often shown by hiring US workers. |
| Develop and direct | You must own at least 50% or have operational control through a managerial position or other means. |
| Lawful source of funds | You must trace where the money came from. |
| Intent to leave | You must plan to depart when your E-2 status ends. |
Loans secured by the business's own assets don't count as your investment. Personal loans secured by your own assets can.
Employees who share the investor's nationality can also get E-2 status if they work in an executive or supervisory role, or have skills essential to the business.
How much do you need to invest?
The law sets no minimum. Consular officers use a "proportionality" test: the smaller the total cost of the business, the higher the percentage you are expected to have invested.
In practice, many small-business E-2 cases involve at least tens of thousands of US dollars, and businesses with employees are easier to approve. Treat any single number you see online as a rule of thumb, not a legal threshold. Your business plan should show how the money will be spent and how the company will grow.
How long can you stay, and can your family come?
- Stay: up to 2 years per admission. Extensions and new admissions come in 2-year steps with no maximum, as long as the business keeps qualifying.
- Visa validity: set by reciprocity with your country. Some nationalities get a 5-year visa stamp; others get much shorter validity.
- Spouse: can work for any employer. Since January 2022, their I-94 shows "E-2S", which counts as proof of work authorization.
- Children: unmarried and under 21, can attend school but cannot work. Status ends at 21, so plan an F-1 or other status for older children.
Family members don't need to share your nationality.
How much does it cost?
- Your investment: the largest cost, set by your business plan.
- Visa application fee: $315 for E visas as of September 2026, plus any reciprocity fee.
- Visa integrity fee: A $250 visa integrity fee, created by a 2025 law, is charged when a visa is issued. As of September 2026, consulates have rolled it out unevenly, so check your embassy's fee page.
- Change of status inside the US: Form I-129 with USCIS. As of September 2026, the fee for E and TN petitions is $1,015 on paper or $965 online ($510 for small employers and nonprofits), plus the Asylum Program Fee of $600 ($300 for small employers, $0 for nonprofits). Premium processing is $2,965. See the fee schedule.
- Professional fees: lawyers, accountants, and business plan writers are common costs.
Check the State Department's fee page before you apply.
Path to a green card
The E-2 has no direct route to a green card. Common next steps are:
- EB-5: a larger investment that leads to permanent residence. Note the grandfathering deadline of September 30, 2026.
- EB-1C: if your company also has a qualifying business abroad and you are an executive or manager.
- The Gold Card.
- Family-based options, if they apply.
Compare the investor routes in E-2 vs EB-5 vs Gold Card. Because E-2 requires intent to leave, time any immigrant filing with a licensed immigration lawyer.
Common reasons for refusal
- Money is not yet committed or at risk, for example still sitting in a personal account.
- The business looks marginal, with no realistic plan to support more than the investor's family.
- Unclear source of funds.
- The investor doesn't have 50% ownership or real control.
- Nationality problems, such as a second citizenship that isn't from a treaty country.
See visa denials and waivers if you are refused.
Travel ban. Proclamation 10998 took effect on January 1, 2026, and has no end date. It limits visas for nationals of 39 countries: for 19 countries it suspends almost all visas, and for the other 20 it suspends immigrant visas plus B, F, M, and J visas. USCIS is also holding many pending cases from these countries for extra review. Check Travel ban status before you pay fees or book travel.
How to apply
Confirm treaty eligibility
Check the State Department treaty list for your citizenship and E-2 start date.
Set up and fund the business
Form or buy the US company, sign leases and contracts, and put your funds at risk.
Prepare the evidence
Gather ownership papers, source-of-funds records, a business plan, and proof of spending.
Complete Forms DS-160 and DS-156E
Submit the online visa application and treaty investor supplement, and pay the fee. Some consulates want the business package sent before the interview.
Attend the interview
Since September 2025, most visa applicants must attend an in-person interview, and you should generally apply in your country of nationality or residence.
Enter and operate
Enter with your E-2 visa, run the business, and keep records for renewals.
Frequently asked questions
What is the minimum investment for an E-2 visa?
There is no minimum in the law. The investment must be substantial compared with the cost of the business and large enough to make it likely to succeed.
Can Indian citizens get an E-2 visa?
Not as Indian citizens, because India is not an E-2 treaty country. A person with a second citizenship from a treaty country may qualify through that nationality.
Can my spouse work on an E-2 visa?
Yes. E-2 spouses can work for any employer, and their I-94 showing E-2S is proof of work authorization.
How long can I stay in the US on an E-2?
Up to 2 years per admission, with renewals that have no fixed limit as long as the business qualifies.
Does the E-2 lead to a green card?
No. You would need a separate route, such as EB-5, EB-1C, or a family petition.
Can I buy an existing business for an E-2?
Yes. Buying an existing business is common, as long as the purchase money is at risk and the business is real, operating, and not marginal.
Official sources
- USCIS: E-2 Treaty Investorsuscis.gov
- State Department: Treaty Countries listtravel.state.gov
- State Department: Fees for visa servicestravel.state.gov
General information, not legal advice. NorthAmericans.com is independent and not affiliated with any government.