Grenada E-2 Visa: Why is it the best US Residency Solution?
For those whose work visas and immigration hopes in the US have been under political threats and insecurity, take note that the Grenada E-2 Visa is free from both insecurity and immigration backlogs. Indeed, successful applicants can be safely living and working inside the US with their families within 4-5 months.
There is also a multitude of additional advantages the Grenada E-2 visa provides, not only elimination of visa backlogs. Investors can also take advantage of certain income tax loopholes with the US government. Therefore, enter the US on the E-2 non-immigrant visa and avoid US taxes on global income. Do you want these advantages plus much more?
Table of Contents
- How to get US E-2 Visa Five Year Term
- Grenada’s Special E-2 Treaty Status
- How to qualify for Grenada Citizenship
- Advantages of Grenada Citizenship
- List of Grenada E-2 Visa Benefits
- Compare E-2 Visa Benefits vs. EB-5
- Turn Key E-2 Business Solutions
- Choose iGlobal for the Grenada E-2 Visa
Get the US E-2 Visa Five Year Term
Successful applicants of the Grenada citizenship program are eligible to apply for the five year renewable US E-2 visa. If successful, visa holders can live and work in the United States of America with their spouse and children under 21 years of age.
To be clear, the initial five year visa term is renewable indefinitely in two year increments provided the E-2 visa qualifications are maintained. When the initial term is near expiration, to renew for the two year term, simply leave the US and reenter on the E-2 visa. You will receive a two year renewal stamp.
So is the initial E-2 visa term two years or five years? The answer is both, depending on where you submit your application. You may indeed secure the advantage of an initial 5 year term, provided you follow the correct procedure.
The solution is to apply for the E-2 visa from outside the US at your local US consulate. Do not apply from inside the US, as a result, your initial term will be five years instead of the shorter two year term.
In addition, the longer five year term requires that investors hold citizenship in a country (such as Grenada) which has an E-2 treaty with the United States. This is in contrast with disadvantaged E-2 Treaty countries such as Montenegro with only one year terms.
If you apply for the visa from inside the US it will be necessary to go through the United States Citizenship Immigration Services (USCIS). Unfortunately, as noted on the USCIS website, the USCIS officials only grant the shorter two year initial term. If possible, be sure to apply from outside the US as noted above. Contact me for details.
Grenada E-2 Treaty Status with US Government
Grenada is one of only 70 countries with which the US maintains a treaty of commerce and navigation (E-2 Treaty). As a result, Grenada citizens are eligible for the US E-2 visa which provides significant advantages for those who wish to live and work inside the US but they are from countries such as India that have long suffered from political obstacles blocking their US immigration.
How else can Indian nationals escape immigration backlogs? The answer is Grenada citizenship. Additionally, it is not necessary to be born a Grenada citizen. Indeed, those who acquire Grenada citizenship by investment also qualify.
What advantages does Grenada have over other countries? First, you must hold a passport from an E-2 country to be eligible. Once you get the right passport from an E-2 Treaty country you can qualify. However, not all of the E-2 treaty countries were created equal.
Disadvantage of Poor US Treaty Relations
For example, Turkey is an E-2 Treaty country that does not have good relations with the US. Since Turkey does not have friendly relations with the US government, Turkish citizens who have entered the US on a Turkish E-2 visa may be at risk. In addition, they are exposed to collateral risk associated with the Turkish citizenship program.
Likewise, Pakistan is another example of an E-2 Treaty country with poor US diplomatic relations. Just because they are an E-2 Treaty country, does not mean it is a secure option.
On the other hand, Grenada is a politically neutral country that is very unlikely to ever antagonize the US. Additionally, Grenada allows the US to assist with oversight of their citizenship program, which keeps their Grenada E-2 Visa eligibility in good standing.
How to get Grenada Citizenship
To qualify for Grenada citizenship, investors can purchase government approved real estate for a minimum of US$220,000 or make a non-refundable contribution of US$150,000 to the National Transformation Fund.
The result is the same, which gives you the Grenada passport with E-2 eligibility. However, as an investment alternative, real estate allows you to recoup your investment capital at the end of the five year holding period. Therefore, you can sell the property to a new citizenship applicant while retaining Grenada citizenship and the E-2 visa in perpetuity.
Earn a 4-5% Investment Yield
In addition to the investment, investors must have a clean background, verifiable source of funds and health certificate. The application forms with supporting documents must be completed and submitted to the government.
Rest assured we not only assist you to procure the best Caribbean real estate. It is also our obligation to help you complete the application forms and gather the supplemental materials. As a result, it is done at the lowest possible cost in the most efficient manner possible.
But when it comes time to sell your real estate, we will be there to help you get the best possible price. Indeed, we only work with the best developers in the Caribbean. Your investment is secure and you can earn an investment yield of 4-5%
Get Grenada Citizenship Benefits
In addition to the E-2 visa, Grenada citizenship benefits include visa free travel to over 144 destinations including the European Union (EU), Russia and also China. This is in contrast with other popular E-2 Treaty countries (such as Turkey) with no visa free access to the EU, Russia or China.
*Grenada Visa free countries map, includes eVisa and Visa on arrival.
However, successful applicants of the Grenada citizenship program will also qualify for Grenada tax residency. Indeed, you could split your time between the US and Grenada. Use the advantage of proper tax planning. Therefore, Grenada citizenship in combination with the E-2 Visa allows you to be free from global income tax.
In addition, your family, your future and your wealth are fully protected from the unexpected. To be clear, anything is possible during a global pandemic. Global travel restrictions, lost employment and inflation are a few unfortunate examples of what is to come. Grenada citizenship benefits allow you build your Plan B to protect future generations.
List of Grenada E-2 Visa Benefits
- US Tax Advantages – The visa holder can spend up to 122 days per year inside the US without paying US tax on international income.
- US E-2 Investment Flexibility – An investor can start a new business to qualify, purchase an established business or invest in a franchise opportunity (see below).
- Sponsor Employees from Your Home Country to Work in the US – E-2 investors can sponsor specialized employees from their home countries (who may or may not be family members) to work at their US business.
- Confidentiality – Grenada citizenship by investment permits dual citizenship with no requirement to notify the applicant’s home country.
- No Grenada Residency Requirement – There is no minimal residency requirement in Grenada or any need to visit the country during the application process unless you wish to do so.
- 100% Control of the Business – The investor must be able to direct and control the E-2 business investment to ensure its success.
- Affordability of US Investments – Investors can qualify with a business investment as low as US$120,000
- Fast US E-2 Visa Approval – Your application for the E-2 visa can be processed within 6-8 weeks.
- E-2 Conversion to Other US Visas – the US E-2 visa can be used as a precursor to the EB-5 while residing inside the US. Additionally B-1, E-1, F-1, F-2 and H-1B can be converted to E-2 Visa (but you may need to leave the US and re-enter with Grenada passport).
- Easy Renewal of the US E-2 Visa – Simply leave the US and re-enter to receive a 2 year visa extension.
- Instate Tuition for Your Children Inside the US – Children of E-2 visa holders qualify for instate tuition which can potentially save 10’s of thousands of dollars per year.
Grenada E-2 Visa Benefits vs. US EB-5 Visa
The Grenada E-2 visa offers significant advantages over competing programs such as the US EB-5 immigrant visa. For example, the E-2 is a non-immigrant visa as compared to the EB-5 which is an immigrant visa. As we learned with the Trump administration, immigrant visas are more susceptible to political instability inside the US.
In addition, the minimum requirement for the E-2 business investment is over 70% less than the lowest minimum EB-5 investment required. See the full benefit comparison table below.
|Visa Requirements||US E-2 Visa (Grenada)||US EB-5 Visa|
|Type of Visa||5 Year, Multiple Entry, Right to Reside and Invest, Renewable||Permanent Residency|
|Minimum Investment Amount||No set minimum amount, Suggested amount above US$120,000||Minimum US$500,000 invested in targeted employment area (TEA) to US$1,000,000 in non TEA|
|Minimum Job Creation Requirement||No minimum, but must sustain jobs for more than investor and his/her family||10 full time positions for US workers|
|Management Requirement||Can be delegated||Limited partnership is sufficient|
|Limit of Available Visas||No limit||Yes, (cap of 700 visa applications per country per year resulting in extreme processing delays)|
|Possible Tax Advantages||Yes, not subject to tax on international income if present in US less than 122 days per year.||No tax advantages|
|Application Processed By||US Embassies/Consulates, USCIS||USCIS|
|Processing Time||6 weeks||4 years to 17 years depending on country of birth (average 6-7 years for Indian Nationals, up to 17 years for Chinese Citizens) |
|Minimum Length of Stay on Annual Basis in US||No minimum||2.5 years out of 5 years to be eligible for US citizenship|
|Visas Issued Annually||43,000 (2019)||10,000 (2018)|
|Family Benefits||Spouse can work, children entitled to state education||Spouse can work, children entitled to state education|
|Source of Funds||Less onerous||Comprehensive analysis, complex|
Turn Key US E-2 Business Solutions
Your E-2 visa application can be fully prepared during the government processing period for Grenada citizenship (90 days). Therefore, as soon as your Grenada passport is received, the E-2 visa application can be immediately submitted to a US consulate.
If all goes well, the E-2 application processing time is only 6-8 weeks. As a result, successful applicants can be residing and working inside the United States within 4-5 months.
To qualify for the US E-2 visa, investors can start their own business or purchase an already established business including franchise opportunities. In collaboration with our business partners in the US, we are able to offer turn key solutions which significantly speed up the time required for your Grenada E-2 visa approval.
Choose iGlobal for the Grenada E-2 Visa
My partners and I have 35+ years of experience working with the Caribbean citizenship by investment programs, plus Vanuatu. As a result, we are well integrated with the local real estate developers in Grenada and also the local government agencies.
Your Grenada citizenship application will be successful. Additionally, we will ensure that you accomplish your objectives in the most efficient manner possible at the lowest possible cost.
We also offer full service in the US. Our immigration attorney specializes in the US E-2 visa. Plus, you may choose from a selection of over 300 turn key business solutions. In the end, iGlobal will provide you and your family with global access and opportunity.
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