Portugal could be an E-2 Visa Country
Portugal may become an E-2 treaty country very soon. The U.S. House of Representatives recently passed the AMIGOS Act, the Advancing Mutual Interests and Growing Our Success Act, which would give Portuguese nationals the opportunity to invest in a business to move to the U.S. through the E-2 visa.
The E-2 Visa
The E-2 visa is a renewable nonimmigrant investor visa. To qualify for the E-2 visa, the investor must hold a passport from an E-2 country, invest a substantial amount of capital in a U.S. business, and owns at least 50% of that business.
With an E-2 visa, the spouse is eligible to work in the U.S. and children are able to stay in the U.S. on their parent’s E-2 visa until they are 21 years of age. Portugal could become an E-2 country if the Portuguese government creates a similar visa opportunity for U.S. citizens, as E-2 countries are required to be reciprocal.
Mutually Beneficial to the U.S. and Portugal
If Portuguese entrepreneurs are eligible for the E-2 visa, they will be able to invest, direct, and develop U.S. businesses. Not only would this contribute to the U.S. economy, but it would also increase job creation in the U.S.
The most recent E-2 treaty countries that have joined the list are New Zealand and Israel. For a list of all E-2 visa countries, please visit this link here.