The visa expires and has to be renewed every two years. However, there is not a set amount of times regarding how often this can be done. These visas are only available to treaty countries. When investor closes the business, he is required to return to his home country or change his status in the U.S.. A person with an E-2 investor visa can at any time leave the United States.
In order to extend the E2 visa, certain steps are required. The first thing you need to do is submit Form-129 which employers use to allow foreigners to temporarily work or receive training in the United States. The form is also used for extended stays or a change of status. After submitting Form-129, another document, Form-539, must also be submitted. This is generally used when requesting an extension of stay, a reinstatement of a person’s status or if a person wants to change nonimmigrant categories.
After those two forms are submitted, you also need to submit copies of the following documents: your Form I-94 Arrival-Departure document, your original Form I-797, Notice of Action (if your status was extended or previously approved), your passport, your E-2 visa, and your personal and United States business income tax returns and payroll tax returns for the previous two years. You will also need to submit a letter that states why your extension is necessary.
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