For the individual entrepreneur, the E-2 tends to be more flexible than the L-1 because it follows a different logic: the E-2 is designed for those who want to invest in and run their own business, while the L-1 depends on an already established corporate structure.
The E-2 is the treaty investor visa. It allows a person to set up or acquire a business in the United States and manage it, provided the investment is real and substantial and the enterprise is a genuine operation, not a marginal one. Because it does not require an already established company abroad, it is well suited to those starting out on their own.
The L-1, on the other hand, requires a qualifying corporate relationship: a company abroad linked to a unit in the United States, with the professional being transferred in an executive, managerial, or specialized knowledge capacity. For those who do not yet have that international operation in place, the L-1 tends to be less practical.
- E-2: focused on investment and managing one’s own business.
- L-1: focused on transfer within an existing corporate group.
- Each has its own requirements, evaluated on a case-by-case basis.
In short, for those looking to go into business independently, the E-2 generally offers more flexibility, but the right choice depends on your profile. Confirm the current requirements with USCIS and seek specialized guidance before deciding.
Learn more about E-2
- Type
- Non-immigrant
- Initial validity
- 2-5 years
- Extension
- Unlimited (2 years each)
- Processing
- 1-4 months
About the author
Victoria Harper
Editor-in-Chief
As a journalist and lead editor at Visto n’ Visa, Victoria helps ensure that immigration topics are covered in a clear, trustworthy, and easy-to-understand way. Her focus is on delivering useful, human, and relevant content for people exploring new paths abroad.