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ISRAEL & UNITED STATES: Reciprocal Investor Visa Agreement Approved by Knesset
June 21, 2018
On 18th June 2018 the Israeli legislature, the Knesset, approved new regulations implementing a reciprocal agreement with the United States whereby, for the first time, US nationals investing in Israel will be able to obtain a B-5 employment visa and Israeli nationals investing in the United States will be eligible for an E-2 Treaty Investor visa authorising employment.
Israeli and US entities are expected to be able to begin submitting E-2 or B-5 applications in the near future.
Advocate Tsvi Kan-Tor, Partner at Kan-Tor & Acco and head of the visa committee of the Israel-America Chamber of Commerce, initially promoted the process of reciprocal employment visas and was present at the Knesset when the regulations were approved.
Employers and investors who may benefit from the new routes are advised to consult their Newland Chase immigration specialist.
For general advice and information on immigration and business travel to either the United States or Israel, please email us at [email protected].