4 In-demand Industries for E2 Visa Applicants
If you meet the United States Citizenship and Immigration Services’s requirements for the E2 Visa, which include investing for the purpose of establishing a new business or purchasing a business that already exists, you may be able to.
Since, in either case, your investment must be considered “substantial”, you want to ensure that you are investing in a business that’s part of a stable or growing industry.
For those who have yet to determine what kind of businesses to consider, here are some of the best industries in the United States to invest in right now:
1. Real Estate and Broker Offices
Housing is a key component of many of the fastest growing industries right now, and real estate is part of that.
According to Investopedia, “Real estate and broker offices saw a 30 percent increase in profits during the 12 months that ended on September 25, 2014.”
This data comes from a report by Sageworks, the source for many articles appearing all over the web regarding US growth industries. The New York Times shows that the industry is likely to keep growing, as “Americans purchased new homes in August at the fastest pace in more than seven years.”
2. Home Building Construction
This increase in new home sales is good for home construction companies as well, though the numbers show that the industry’s viability was already on the rise.
Investopedia states that, “”Six of the top 10 fastest-growing industries in the country are related to home construction” and “there were 930,000 new homes completed in January 2015″ alone, 9.4 percent more than the previous January. With sales numbers showing that people are actually buying, builders are positioned to do well.
The New York Times goes on to share that “Federal Reserve Chair Janet Yellen said last week that she expects the housing market to keep improving as more people find jobs and younger Americans increasingly move out on their own.”
3. Construction/Contracting Overall
Everyone’s been talking about construction, and all signs show that they will continue to do so.
To name a few publications confident about the industry’s strength, last year The Huffington Post told us that “Twelve of the top 20 fastest-growing industries of the last 12 months are linked to construction”, and in June of this year, Forbes reported that “five of the 10 fastest-growing industries in small business are tied to construction.”
Construction was also on Inc.com’s list of 2015’s most profitable industries, with builders, contractors, and electrical companies making a combined $8.34 billion in sales last year. This consistency shows a lot of potential for construction companies. Among the construction-related industries most recently touted as growth areas are those involved with “site preparation, foundations, utility lines, remodeling and mechanical equipment installation.”
As Forbes reports regarding last year’s hot startups, “Despite worries that the tech bubble may be about to pop, Silicon Valley’s top startups had yet another blockbuster year.”
Similarly, the industries topping Inc.com’s list of growing niche sectors are motion capture software developers and telehealth, both solidly in the tech arena. Inc goes on to explain that the past 5 years have seen industry revenue for motion capture grow “at an average annual rate of 53 percent to $1.2 billion, according to IBISWorld.”
Video games, TV, film, and live entertainment are the sources for this demand for motion capture technology. The telehealth industry, including digital technology used to “deliver medical services and health education”, will be driven by increasing usage of self-monitoring devices and technological advances in medicine and telecommunications, and is expected to receive federal support.
Inc.com further lists IT services as second on its list of most profitable industries right now, with a total 2014 revenue of $17.5 billion. U.S. News sees potential in 3D printing as it becomes more mainstream and traditional manufactures find ways to use the technology.
Computer system design and related services are also a good bet. Investopedia reports that “According to the U.S. Department of Labor’s Bureau of Labor Statistics, a 15 percent rise in employment in this field is expected from 2012 through 2022.” Everywhere you look, new technology is being explored and integrated into every industry, making it not only a powerful investment on its own, but one that connects to many other areas of the economy.
Of course, determining what industry (and, after that, which business in that industry) to invest in is only one step in the process. Your investment plan on its own won’t bring you to the United States.
You will need to find out if you fit all the requirements for an E2 Visa, then complete the application process.
Are You Interested in Applying for an E2 Visa?
When applying for an E visa, all the criteria must be met. With all of the paperwork and documentation required, it is easy to miss important details that can lead to a rejected application. Without any legal help, navigating through the complicated application process is frustrating and potentially fruitless.
The first step towards a successful E-2 visa application is getting an assessment of your case. Fill out our free immigration assessment form and we will get back to you within 24 hours to discuss your eligibility and options.
About Michael Niren
Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the Associate Member of the American Bar Association. Read more
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