Canadian 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
faded effect on an american flag my visa source
Begin your immigration journey now
Click and fill out a free online assessment to see how we can help you. It takes less than 1 minute to fill out.
Free Assessment
Call and speak to our team, so that they can book a time with a licensed immigration professional who will answer all your questions.
Call Us Now
Recommended For You
Author info:

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.

Questions About Immigration? My Visa Source Has Answers.
My Visa Source stays updated on all immigration news and announcements across Canada and the United States, including sudden changes in government law. Our legal solutions help individuals, families, businesses and investors from North America and around the globe.
Get The Personalized Help That You Need and Deserve!
Securing personalized legal help is quick and simple. Begin with our one-minute online immigration assessment form or call us toll-free at 1-888-509-1987. Book a personal consultation to speak with an award-winning immigration lawyer either in person, over the telephone, or through a video conference. We're open 6am-9pm PST & EST, 7 days a week and are ready for in person, phone, and video consultations.
Canadian Flag
Latest Articles from Immigration Magazine