TREATY INVESTOR VISA (E-2) or E TREATY TRADER (E-1)
The NAFTA agreement allows traders to access the
United States and Mexico in order to facilitate transactions of goods
and services between signatories. NAFTA also provides access to such
markets to investors intending to manage or set up a company in which
they have already invested substantial capital.
E-2 VISA:
TREATY INVESTOR VISA
This visa is designed for Canadians having already invested or intending to make substantial investments in a company. The investment must indeed be substantial and correspond to at least 50% or more ownership. The applicant must be experienced in, and going to undertake, a managerial and executive role key to the success of the company.
This visa can be renewed indefinitely without restrictions for a maximum period of five (5) years. The undertaking must be sufficiently viable to support the company, the applicant and his family.
| + Advantages : |
- Excellent visa to acquire or create a new company
- Available to various types of entrepreneurs excluded from other visa categories
- Stability : long-term (5 years)
- Renewable without restrictions
- Flexible requirements
- The requirement to make a substantial investment varies in accordance with the type of investment
- No governmental authorization required
|
- Disadvantages : |
- Long processing delays
- Large amount of documentation required
- Not available to all entrepreneurs
- Requires substantial capital and cash
- The visa holder must maintain an economic activity in Canada
- Can only be issued in embassies or consulates
- Mandatory interview and numerous restrictions
- Additional documents are often required
- Does not allow application for permanent residence
|
E-1 VISA:
E TREATY TRADER (E-1)
This visa is available to Canadians doing substantial business in the United States on their own behalf or on behalf of a Canadian company. The applicant must be experienced in, and going to undertake, a managerial and executive role key to the success of the company.
A significant transaction must take place prior to the visa application. More than 50% of the trading of the company must be done with the United States. Moreover, the value of the transaction must be sufficient to support the company, the applicant and his family. This renewable visa lasts for a maximum period of five (5) years.
| + Advantages : |
- Ideal visa for entrepreneurs excluded from other visa categories
- Stability : duration of visa allows for continuous presence in the U.S.
- Lasts five (5) years
- Renewable without restrictions
|
- Disadvantages : |
- Long processing delays
- Large amount of documentation required
- Not available to all entrepreneurs
- Requires substantial capital and cash
- Must maintain an economic activity in Canada
- Can only be issued in embassies or consulates
- Mandatory interview and numerous restrictions
- Additional documents are often required
- Does not allow application for permanent residence
|
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