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ISRAEL and UNITED STATES – Reciprocal Investor Visa Agreement Approved by Knesset

On 18 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.

Action Items

  • Employers and investors who may benefit from the new routes are advised to consult their immigration specialist.

This news alert was prepared using information provided by Kan-Tor & Acco.

DISCLAIMER: The information contained in this immigration alert has been abridged from laws, court decisions, and administrative rulings and should not be construed or relied upon as legal advice. If you have specific questions regarding the applicability of this information, please contact Peregrine © 2019 Peregrine Immigration Management Ltd.