Canadian citizens have an active treaty with the U.S. where Canadians qualify to apply for the Canada E-2 visa through an investment. The E-2 allows Canadian citizens to live and work in the U.S. as long as they are investing a substantial amount of money into a U.S.-based enterprise. It is important to have proof of investment funds. They will need to show that they have access to enough capital to invest in a U.S.-based enterprise. This can be done by providing bank statements or evidence of property ownership.
One advantage of the E-2 visa is that it does not require a job offer from a U.S. employer. This makes the E-2 visa attractive for Canadians who are interested in starting their own business in the United States. Another advantage of the E-2 visa is that it allows Canadians to live and work anywhere in the United States. This flexibility can be attractive for Canadians who want to experience different parts of the country.
The E-2 visa allows Canadians to bring their families to the United States. Another benefit of the E-2 visa is that it does not have a quota, which means that there are no limits on the number of visas that can be issued. Payment of the visa reciprocity fee is required for all those who wish to obtain an E-2 visa, this includes the applicant and any derivative family members. The fee must be paid in full on the day of the interview and failure to do so will result in automatic rejection of the application. As of now, the United States has not changed the reciprocity fee for Canadian applicants and it remains at $40 USD per person.
There are a few drawbacks to the E-2 visa. One drawback is that the visa is only valid for five years. After five years, Canadians will need to reapply for a visa. Another drawback is that the E-2 visa does not lead to permanent residency in the United States.
Despite these drawbacks, the E-2 visa remains a popular option for Canadian citizens looking to live and work in the United States.Canada is easily one of the treaty countries that receive the most E-2 visa approvals every year. In 2021, Canada continued the trend by being one of the fastest in recovering the E-2 Visa approvals in the world. There is an average of 154 visa approvals every month, much more than most treaty countries.