An American passport sitting on a table

New ‘investor visa’ for Americans who want to do business in Israel

A new “investor visa” program for U.S. entrepreneurs who want to stake a claim in Israel’s booming economy is starting up May 1, according to a statement from the Israeli Consulate General in San Francisco.

The new visa will let American citizens live and work in Israel on a temporary basis for the purpose of managing and developing a business venture. It’s a reciprocal step in response to a new visa for Israeli investors who are interested in coming to the U.S., the E-2 visa.

“The announcement represents a significant milestone for businesses and companies alike,” Israel’s Ministry of Foreign Affairs announced. “The investor visas in both countries will ease restrictions and encourage economic activity between the two countries.”

Entrepreneurs looking to apply can do so at consulates in San Francisco, Washington, D.C., New York and Houston.