As a visa applicant, for sure, there will be some friends that will ask for your help the moment that needed it. They will ask what documents are required, how long it takes, and if the interview is easy. For those instances, based on your experiences, it will be easy.
But what most applicants do not usually ask is if a limit or an annual quota is getting an E2 visa. In this E2 visa guide, we will show you if there is a yearly quota and how it will affect you.
E2 Visa: An Overview
Before we jump into the question, let us fill you in on what is an E2 visa is first. This type of nonimmigrant visa is awarded to foreign investors. It allows them to conduct their own business or investment in the United States of America.
The applicant must have a substantial amount of investment to qualify for this visa. On top of that, the applicant must be coming from a country with a treaty agreement with the USA. The country that the applicant is national with will determine how long the applicant’s E2 visa will be valid.
Also, there must be an intent to depart when the visa expires. In addition, the applicant’s sole purpose of being in the United States of America is because of his investment or his E2 business. Moreover, if the visa expires, the E2 visa holder can apply or renew.
Why is there a visa quota?
Usually, an E2 visa does not have an annual quota. You can apply or renew without thinking about if there are still slots available in the USCIS. That is the great thing about it. Also, that is why more visa aspirants aim to have this type of visa.
In addition, you can infinitely extend your E2 visa as long as you continuously qualify. Moreover, if you are tired of extending your access, you can opt for a green card instead, which is more favorable on your part.
Just to set expectations, other visas have quotas annually. Usually, it is imposed on the immigrant visa types. But why? As we all know, being an immigrant is one of the goals of every applicant. And it is not only in one country but globally. So imagine the volume of the applicants that will swarm every embassy and consular.
There will be a workload of files and documents to review if that happens. That means the process will undoubtedly take a lot of time. Plus, they cannot allow many immigrants all at the same time as it will overpopulate the country.
Also, the risk of having more immigrant workers than US citizens will be an everyday thing. Which are they don’t want to happen. They would like both parties to have equal rights in getting employment offers in the country.
How does it will affect you?
Well, since E2 visas do not limit how many applicants can file within a year, there are just some tiny setbacks here.
Applicant volume
As we have mentioned earlier, there will be a lot of applicants due to no quota. So it will take time to get your own. But that is not a big problem because it has been anticipated by many already. You can file it under premium processing if you are really in a hurry.
Premium processing expedites the process of your E2 visa application. Instead of waiting for months, it will be processed in fifteen calendar days. All you have to do is fill it and pay $2,500. This is a big help, especially if you are running out of time. Or if you have a timeframe to follow.
Conclusion
Knowing all the details of the visa you are getting is crucial remember. This can eliminate further delays and problems in the future. Also, this can help you, and your immigration lawyer looks for ways that can expedite the process depending on your timeframe.
If you have any suggestions depending on your experiences in visa application, don’t hesitate to share them with us. Let us create a humble yet helpful community for visa applicants.
