US Extends E-1/E-2 Status to New Zealand Citizens

Posted on: 27 Jun 2019  |   Tags: Latest Invest Visa News Updates , US Investor Visa ,

US Extends E-1/E-2 Status to New Zealand Citizens

Scott P. Brown who is America's Ambassador to New Zealand has announced that citizens of New Zealand who are eligible, may now send in their applications for the E-1/E-2 Treaty Investor Visas.

In his statement, he said that the US had listened and that by June 10, business owners in New Zealand, as well as the citizens of the country who are important in those companies, will be eligible to work and live in the US.

The E-1 visa is designed to suit the needs of Treaty Traders. With it, a citizen of countries in America's treaty countries' list would be granted entry into the US to run international trade. Nationals of countries that have been approved for the status are also eligible to apply for the visa.

The E-2 visa is for Treaty Investors, that is investors from a designated country who have a significant amount to invest in a US business. Some of the employees of the investor or the qualifying organization — provided they are of the same nationality as the investor — are eligible under this category.

Benefits of Exchange

The inclusion of New Zealanders for the E-1/E-2 status has long been under consideration. The US president, Donald Trump, signed the KIWI Act on August 3, 2018. This would make New Zealand join the other over 80 countries that were eligible to apply for America's E-1/E-2 status assuming it reciprocated with a similar treatment for US citizens. This way, the economy of both countries would benefit from the arrangement since citizens of one country could easily do business as they pleased in the other country and vice versa.

Holders of the E-1/E-2 visas are free to stay in the United States for as long as they are eligible for the status. This visa, however, does not have any direct route to permanent residency. It is possible to apply for a green card while having the status, but the process is pretty much tedious and complicated.

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