Considering the very turbulent times in Venezuela, we are often consulting with wealthy Venezuelans who seek security for their wealth and wish to invest in U.S. real estate or a U.S. business while using their investment to obtain a business visa to the United States.
The strategy for Venezuelan clients is simple – first, we ask if they have a dual nationality with an E-2 Treaty country so that we can assist them in obtaining an E-2 Treaty Investor Visa. If they don’t have such a dual nationality, we have to tell them they are limited to either a L-1A Intra-Company Transferee Visa, which requires them to set up and work for a U.S. subsidiary of their Venezuelan company and have U.S. employees; or an EB-5 Immigrant Investor Visa, which requires a minimum investment of either $500,000 in a EB-5 Regional Center or Targeted Employment Area, or a minimum of $1,000,000 in an investor-directed business.
Whenever dealing with Venezuelan clients who have immigration in mind, it is a good idea to know if they have a dual nationality status which can be used for an E-2 Visa.
As always, please feel free to contact me if you have any questions on this or other legal issues.
Don Gonzalez, Esq.