Termination of Honduras TPS Program
| E2 Visa Option for Business Owners
The termination of the TPS program for citizens of Honduras has been announced. Honduran citizens who own a United States business have an option: the E-2 Visa.
The E-2 Visa is for foreign nationals who start and/or own a business in the United States. The time to act is now.
The official TPS Termination announcement specified Jan 5, 2020 as the Honduras TPS expiration date. “To allow for an orderly transition….determined to delay the effective date of the termination for 18 months. The designation will terminate on January 5, 2020.”
Honduran Citizen with a Business in US? Consider the E2 Visa Option
Steps for Citizens of Honduras to Get an E-2 Business Visa
1. First, request Advance Parole from USCIS to travel to Honduras and to seek an E2 Visa interview.
2. To receive the Advance Parole for travel to Honduras, the Honduran national would present evidence that they have invested capital into a US business.
3. With the Advance Parole, the Honduran national would travel to Honduras to seek an E2 Visa interview at a US Embassy in Honduras.
4. With the E2 Visa, the Honduran national would re-enter the United States with an E-2 Visa.
5. Spouses and children under 18 would be eligible to apply for an E2 Visa as Dependents.
6. Get assistance from an attorney Board Certified in Immigration Law.
7. Call VERDIN Law 214-741-1700. Contact VERDIN Law via email.
E2 Visa Overview
The E2 Visa is a non-immigrant visa which allows foreign nationals to start businesses in the U.S.
The E2 Visa requires that the foreign entrepreneur invest business capital in the U.S. to start up a new venture; or to acquire an existing business venture.
In exchange for the capital investment, the U.S. government will issue an E2 Visa; once all other requirements are met.
See articles: E2 Visas.
E2 Visa Business Opportunities
VERDIN’s business and investor group provides help to clients wanting to establish and/or expand their business operations in the United States. We have helped clients in multiple industries to include: international trade, real estate, restaurants and hospitality, technology, beauty and fashion, retail and services.
VERDIN represents clients in business planning and E visa matters involving real estate ventures, technology start-ups, business acquisitions, or new business formations. See 2018 E2 Visa Outlook.
Our team is especially focused on forming a strategic relationship with our clients to aid them to succeed in the early planning stages. Many of our clients retain us at early stage planning to maximize opportunities for success.
E2 Visa Business Planning
VERDIN provides international clients strategic advice on starting and operating a new venture to secure immigration benefits. We address preliminary business planning to include business modeling, legal entity selection, business plan preparation and revision; and business document preparation for incorporations and owner agreements.
We are experienced in handling complex E2 investor cases. We routinely deal with US Citizenship and Immigration Services, US embassies and consulates around the world to help our clients achieve their investor visas. We develop strategies to effectively navigate the statutory and regulatory requirements. Equally important, we stay informed on changes related to policies and procedures affecting our client’s investor cases.
In addition, we assist E2 designated businesses petition for foreign employees with special qualifications that are essential for the business.
E2 Visa Points to Know
- Plan to Succeed: The U.S. government wants to see that the foreign investor has planned for success. Accordingly, the investor should provide a detailed 5-year business plan – forecasting capacity to generate sufficient revenue to exceed minimal living standards.
- 5 Year Business Plan Assistance: Verdin will assist in creating your 5 Year Business Plan. Call 214-741-1700 or 800-656-4232; or Contact Verdin.
- Create US Job Opportunities: The foreign investor should provide evidence to show that the enterprise will create job opportunities in the U.S. By expanding jobs in the U.S. economy, the investor can increase his or her probabilities of obtaining the E2 visa.
- Provide Evidence for Income Generation: An E2 applicant is to provide evidence that the enterprise will generate significant income at a level that is above a standard living income for the total number of family members in the investor’s household.
- Provide Documentation for Source of E2 Visa Investment: If the enterprise has the capacity to generate significant income then the investor should provide evidence. For example, if the enterprise has already generated high sales volume, then the investor should provide bank statements and Profit & Loss statements to support the declaration of high income. We advise on all strategies and tools available, such as VIBE; a free tool the U.S. government uses this tool to investigate businesses.
Temporary Protected Status Designated Country: Honduras
ALERT: On May 4, 2018, Secretary of Homeland Security Kirstjen M. Nielsen announced her decision to terminate the Temporary Protected Status (TPS) designation for Honduras with a delayed effective date of 18 months to allow for an orderly transition before the designation terminates on Jan. 5, 2020.
Read the Full Announcement: Secretary Of Homeland Security Kirstjen M. Nielsen Announcement On Temporary Protected Status For Honduras
E1 Visa, E2 Visa or Immigration Questions? Please Contact VERDIN Law
Isaul Verdin has extensive experience advising multinational companies and entrepreneurs on complex US immigration matters involving investments.
Mr. Verdin focuses on advising companies on structuring entities, acquisitions, and strategic expansion to satisfy US immigration E-1, E2, L1A, L1B, or EB-1 objectives in a variety of fields. These business opportunities include real estate, aviation, technology, manufacturing, retail, luxury goods, and professional services. Additionally, he litigates deportation defense matters throughout the US.
VERDIN boasts a combined 70 years of experience in immigration law. Since its inception, VERDIN has gained a reputation for prevailing in even the most complicated immigration matters.
“As a Board Certified, Immigration Lawyer (Texas Board of Legal Specialization) with over 17 years of experience, my passion is immigration law. We will listen to your concerns, answer all your questions, and expertly guide you through your immigration process.” ~ Isaul Verdin, Founder and Managing Attorney
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Main Number: (214) 741-1700
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VERDIN Law Dallas Office
12001 North Central Expressway, Suite 825
Dallas, Texas, 75243
Monday – Friday: 7:00 a.m. – 4:00 p.m.
Main Number: (214) 741-1700
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