US Immigration News

What USCIS Update Is Affecting the Policy Manual with the E-2 Visa?

1 minute read
"Recently, the US Citizenship and Immigration Services (USCIS) updated its Policy Manual affecting the E-2 Nonimmigrant Visa to reflect the interpretation upheld by a federal court. This Policy Manual affects the key issue for evaluating money invested for an E-2 Visa."
Written by My Visa Source Team
Published on:  Sep 14, 2021
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Recently, the US Citizenship and Immigration Services (USCIS) updated its Policy Manual affecting the E-2 Nonimmigrant Visa to reflect the interpretation upheld by a federal court. This Policy Manual affects the key issue for evaluating money invested for an E-2 Visa. 

What Is the Policy Manual Update?

The update will now instruct the USCIS to view a lawfully obtained loan investment as a contribution of cash rather than indebtedness. This is a huge change for E-2 Visa applicants.

Earlier, such a loan was secured against the personal assets of the individual. This means that now applicants can secure a loan against any assets of the qualifying business under the E-2 Visa. Applicants will not be required to demonstrate that they are personally and primarily liable for the loan secured by their own assets. They can secure a loan against the assets of their business.

What Is the E-2 Visa?

Nonimmigrants can apply for an E-2 Visa based on their investment in a commercial business in the US that has the potential to meet the minimum investment and job creation requirements. This investment must consist of capital investment, including both cash and loan-backed securities.

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