I was recently interviewed by the Latin America News Dispatch about the current situation in Mexico and our work with E2 investors fleeing from that country.
One option available to wealthy Mexicans who flee the violence in their country is to apply for an E-2 or Investor’s Visa. Since 1994, Mexico has been a so-called Treaty Country, making its residents eligible for E-2 visas. While the State Department only says that the investment needed must be “substantial,” based on our experience a recommended investment varies between 50,000 to 100,000 dollars.
According to the article, not many of these visas are granted every year. In 2009, the U.S. granted Mexico only 2,499 treaty investor and treaty trader visas. This is a small number compared to the 7,598 student visas and 6,020 exchange visitor visas approved for Mexicans in 2009, according to State Department statistics. Yet we feel that demand for such visas is only increasing. We will continue to provide guidance to our clients in this complex area of Immigration Law.