USCIS Policy Manual Update Affecting E-2 Investor Visas
July 26, 2021 |
Immigration Blog
USCIS updated its USCIS Policy Manual on a key issue for evaluating money invested for an E-2 visa. The update reflects that USCIS evaluates an investment of lawfully obtained loan proceeds as a contribution of cash rather than indebtedness. This is a big change because previously USCIS required that the individual be personally and primarily liable for the loan debt secured against personal assets, and prohibited the loan from being secured against any assets of the E-2 business.
See:
https://lnkd.in/dWGsUzv
Many E-2 applications, however, are filed through U.S. Consulates. We will have to see how the Department of State views this issue going forward and if the FAM will be updated to adopt this change as well.
See:
https://lnkd.in/dWGsUzv
Many E-2 applications, however, are filed through U.S. Consulates. We will have to see how the Department of State views this issue going forward and if the FAM will be updated to adopt this change as well.
Disclaimer: The information in this post is provided for general informational purposes only, and may not reflect the current law in your jurisdiction. No information contained in this post should be construed as legal advice from our firm or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this post should act or refrain from acting on the basis of any information included in, or accessible through, this post without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer licensed in the recipient’s state, country or other appropriate licensing jurisdiction.
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