19 Nov Investor Visas by the Numbers – South America
At Joorney, research is a crucial part of our process. We continuously analyze each of our client’s markets, so we can better understand your business needs. Recently, our dedicated research team has seen a significant rise of interest in L-1 and E-2 visas in South America, so we decided to investigate further.
South America has always been on our radar. After all, Joorney business plan specialists are fluent in both Spanish and Portuguese, among many other languages. Here are our latest findings:
About E-2 Visas
A quick recovery
We’ve discovered that in 2013, South America accounted for 2% of all E-2 visas issued, with 792 visas in total, an increase of 2.3 times more than the number issued since 2010. South America also accounted for 6% of all L-1 visas issued, with 4,319 visas in total, rising by nearly 20% since 2010.
The aftermath of the economic crisis
We took our analysis a bit further and looked into the top three countries of which the E-2 visas had been issued in: Argentina, Colombia and Venezuela. We’ve discovered that between 2008 and 2010, as the result of the global economic crisis, the number of E-2 visas issued in Argentina was reduced by nearly 30% and the number of E-2 visas issued in Colombia was divided by 6.6. Venezuela on the other hand, was the only country to have shown a significant rise in the number of E-2 visas issued, doubling the amount from 2008 to 2010, from 51 to 103 visas issued. Since 2010, the number of E-2 Visas issued in Argentina has grown threefold to attain 310 visas in 2013, the number of E-2 Visas issued in Colombia was multiplied by nearly 3.5 to attain 220 Visas in 2013 and the number of E-2 Visas issued in Venezuela rose by 12.7%.
Did you know that due to a major hyperinflation Venezuela and Argentina have been experiencing since January 2014, the number of E-2 visas issued for the countrie has been rising significantly? Will Venezuela surpass Colombia and Argentina with the amount of visas issued in 2014? We’ll have to wait until the end of the year to find out, but as of 2013, Venezuela made up 16% of E-2 visa distribution in South America, with Argentina and Colombia are issuing the most E-2 visas in South America, with respectively 310 (39%) and 220 (28%) E-2 visas issued.
Talking about L-1 Visas
The figures of L-1 visas issued are also on the rise in South America. Our findings concluded that this is largely due to Brazil, which is by far the country that issued the most L-1 in South America, accounting for half the visas issued in the continent, with 2,157 issued in 2013. Argentina, Colombia and Venezuela also account for a major part of L-1 visas issued in South America, making 15%, 9% and 16% of visas issued in the continent.
A Continent largely dominated by Brasil
The figures of L-1 visas issued are also on the rise in South America. Our findings concluded that this is largely due to Brazil, which is by far the country that issued the most L-1 in South America, accounting for half the visas issued in the continent, with 2,157 issued in 2013. Argentina, Colombia and Venezuela also account for a major part of L-1 visas issued in South America, making 15%, 9% and 16% of visas issued in the continent
You may ask yourselves, why does Brazil make up 50% of L-1 visas issued in South America? This is because Brazil does not have a treaty with the US for E-2 visas, leaving applicants with the option of L-1 visa process.
As a conclusion
It is important to remember that each visa you apply for varies greatly depending on your type of business – yet they all share one significant requirement – a business plan. A precise business plan is a vital component of the immigration visa process, no matter what country you are applying from. This is where we come in! At Joorney, we’ve written more business plans than we can count, with a 100% success rate with our previous clients regarding the business plan portion of their visa applications.
We know the process like the back of our hands, and we’ll tailor your business plan to meet the exact specifications required by the immigration authorities. Your success is important to us and we’re here to help!
For more information on how to get the perfect business plan, contact us today! We’re looking forward to hear from you.