E-2 Visa News: Latest Updates, Policy Changes, and Investor Insights

Last Updated: July 2026 (updated visa issuance statistics)
Written by: Mark I. Davies, Esq., MBA (Wharton School), Fellow University of Pennsylvania Carey Law School. Ga. Bar License #: 283816, AILA Member, SRA ID: #384468.
Reviewed by: Sukanya Raman, Esq., Managing Attorney Davies & Associates, India

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E-2 Visa News, Consular Updates, DOS Statistics, and Recent FAM Changes

What This Page Tracks

This page tracks the latest E-2 visa news, including U.S. Department of State statistics, E-2 consular developments, interview practice changes, visa issuance trends, and recent Foreign Affairs Manual updates affecting treaty investor visas.
While the legal framework of the E-2 visa does not change frequently, real-world practice evolves continuously. Consular interview practices shift. Embassy workloads change. Department of State statistics reveal new trends.
For entrepreneurs, investors, and immigration professionals, these developments can matter as much as the formal legal requirements.
This page monitors the developments most likely to affect E-2 applicants worldwide.

Purpose of This E-2 News Service

Why We Created This Page

The purpose of this page is to provide a central news and monitoring resource for the E-2 visa category.
Applicants often focus only on eligibility requirements. But in practice, outcomes can be influenced by:
  • consular interview practices
  • officer expectations
  • Department of State visa statistics
  • embassy operational conditions
  • policy guidance updates
This page is designed to help readers stay informed about how the E-2 visa is actually being processed around the world.

Who This Page Is For

This resource is intended for:
  • entrepreneurs considering an E-2 visa
  • investors planning a U.S. business
  • companies sending employees under E status
  • immigration professionals following visa developments
Think of it as an ongoing briefing on the state of the E-2 visa globally.

This Page Is Not a Guide to the E-2 Visa

This page focuses on E-2 visa news and developments, not a step-by-step explanation of the visa.

Read Our Complete E-2 Visa Guide

If you want to read a guide to the E-2 visa, please read our full guide.
That guide explains:
  • who qualifies for the E-2 visa
  • what counts as a substantial investment
  • how E-2 businesses are structured
  • how consular applications work
  • how E-2 visas can be renewed

Additional E-2 Resources

  • E-2 Visa Process
  • E-2 Visa Cost
  • E-2 Visa Renewal
  • Active E-2 Treaty Countries
These pages explain the visa requirements in detail. This page focuses on what is changing in E-2 practice.

Monthly Updates

Our Commitment to Keeping This Page Current

We update this page every month to reflect new developments affecting E-2 applicants.
Updates may include:
  • new Department of State statistics
  • new monthly visa issuance data
  • embassy operational announcements
  • practitioner alerts on interview trends
  • updates to the Foreign Affairs Manual
Because E-2 practice evolves through both policy guidance and real-world consular practice, monitoring these developments can help applicants prepare more effectively.

2026 Fee Changes Affecting E-2 Applicants

Premium processing rose on 1 March 2026. The Form I-907 premium processing fee for E-1 and E-2 petitions increased from $2,805 to $2,965, guaranteeing adjudication within 15 business days. This applies only to Form I-129 change-of-status or extension petitions filed inside the United States; it is not available for E-2 visa applications processed at a consulate abroad. See the Federal Register notice of 12 January 2026.
Which route pays what. The $250 Visa Integrity Fee, the $315 application fee and any reciprocity fee are all triggered by issuance of a visa at a consulate. An applicant who changes status to E-2 from inside the United States receives status rather than a visa, and none of the three arise. For a family of four that is roughly $1,000 in integrity fees alone. The trade-off is that a change of status produces no visa, so any departure means a consular application before returning. Full breakdown in our E-2 visa cost guide.

New $250 Visa Integrity Fee

Effective for visas issued on or after October 1, 2025
Under the One Big Beautiful Bill Act (OBBBA), most nonimmigrant visa categories - including E-2 - are now subject to a new $250 Visa Integrity Fee, collected at the time the visa is issued rather than at application. A separate $24 I-94 fee also applies on entry ($30 total at land borders), and the ESTA fee has increased.
The fee is described as potentially refundable for applicants who depart on time or obtain a valid extension or change of status, but the Department of Homeland Security has not yet published a refund process. Applicants should budget for the fee as a non-negotiable cost of the visa for now.
See our full breakdown of the 2026 OBBBA fee changes for the complete list of new charges.

Does the Expanded Travel Ban Affect E-2 Applicants?

A revised presidential proclamation, effective January 1, 2026, expanded U.S. travel restrictions to 39 countries (19 full restrictions, 19 partial, and Turkmenistan for immigrant visas only). We have reviewed the list against the current E-2 treaty country list: no E-2 treaty country is affected. E-2 applicants from treaty countries can proceed as normal.

E-2 Visa Denial Rates and Department of State Statistics

The U.S. Department of State publishes annual statistics showing how many E-2 visas are issued and refused worldwide.
These statistics offer one of the clearest insights into global trends in treaty investor visas.

E-2 Visa Denial Rate Chart by Fiscal Year

Fiscal Year Issued Refused Total Refusal Rate
2020 23,493 3,266 26,759 12.2%
2021 33,129 2,683 35,812 7.5%
2022 45,878 4,823 50,701 9.5%
2023 54,812 5,615 60,427 9.3%
2024 55,324 6,108 61,432 9.9%

What the Numbers Suggest

FY2025 update: The Department of State's FY2025 Report of the Visa Office (published March 2026) shows 51,047 E-2 visas issued worldwide, down 7.7% from FY2024's 55,324 - a normalization after two post-pandemic surge years, though still 18% above the pre-pandemic FY2019 baseline of 43,286. Japan remains the largest source country at 15,367 issuances (30.1% of the program), followed by Canada (6,779), South Korea (5,359), and Taiwan (2,137). A refusal-rate breakdown for FY2025 has not yet been published — check back before citing a rate.

Demand for E-2 Visas Remains Strong

The number of E-2 visas issued globally has increased significantly since pandemic-era lows.

Refusals Remain a Meaningful Risk

Refusal rates typically fall between 7% and 12%, reminding applicants that careful preparation remains essential.
Strong documentation, credible business plans, and a clear explanation of the applicant’s role remain critical.

E-2 Visas Issued by Top Consulates

The Department of State also publishes monthly visa issuance statistics by consular post, which allows observers to track where E-2 visas are being issued most frequently.

Top Consulates for E-2 Visa Issuances (August 2025)

Rank Consulate E-2 Visas Issued
1 Tokyo 670
2 Paris 542
3 Seoul 524
4 Osaka/Kobe 437
5 Toronto 432
6 Frankfurt 355
7 London 160
8 AIT Taipei 150
9 Madrid 75
10 Rome 65

Largest Numbers of E-2 Visas Issued to United States (2019-2024)

e2 visa issurance by country

What This Data Reveals

E-2 Activity Is Concentrated in a Few Major Posts

Japan, France, South Korea, Germany, Canada, and the United Kingdom consistently appear among the highest-volume E-2 posts.

Issuance Volume Does Not Equal Approval Rate

A post issuing many E-2 visas may also refuse many. Issuance data reflects volume, not approval rates.

Interesting Pattern

Many of the busiest E-2 posts are located in countries with long-standing treaty investor business activity, such as Japan, France, Germany, and Canada.

E-2 Consular News and Interview Updates

Interview Waivers No Longer Cover E Visas (Effective 1 October 2025)

On 18 September 2025 the Department of State announced a substantial narrowing of the interview waiver programme, effective 1 October 2025. Waivers now survive only for diplomatic and official applicants (A-1, A-2, C-3 and equivalents), B-1/B-2 and Border Crossing Card renewals within 12 months of expiry, and H-2A renewals within 12 months.
E-1 and E-2 are not on that list. Every E-visa applicant now attends an in-person interview, including renewals and including dependants of any age – the notice extends expressly to applicants under 14 and over 79, who were previously routinely waived.
The practical consequence is a change in what governs your timeline. Where a renewal was once a postal exercise measured in courier days, it is now governed by appointment availability at your post. Several E-visa units operate registration queues separately from the general appointment calendar, so a case can sit in document review for weeks before an invitation to schedule is issued. Applicants planning a renewal should now start materially earlier than under previous practice, and should not assume the timelines quoted on older guidance still hold.
Source: Department of State, Interview Waiver Update, 18 September 2025.

Reduced-Validity Visas Are Overriding Reciprocity Schedules

Since July 2025 the Department of State has issued nonimmigrant visas with materially shorter validity – in some cases three months, single entry – to nationals of more than 50 countries, regardless of the term set out in that country’s reciprocity schedule.
For E-2 investors this is easy to miss, because almost all published guidance (including ours) describes validity by reference to the schedule. An applicant whose nationality sits on the 60-month tier may still receive a substantially shorter visa. Combined with the withdrawal of interview waivers, the effect compounds: a shorter visa means more frequent renewals, and every one of those renewals now requires its own interview slot.
Investors should confirm the current position for their nationality before making relocation or schooling commitments that assume a five-year stamp, and should plan renewal timing around consular availability rather than visa expiry alone.

Why Consular Practice Matters

Most E-2 visas are issued through U.S. embassies and consulates abroad. As a result, interview practices and officer expectations can shape the applicant experience significantly.

London E-2 Interview Practice Has Become More Demanding

A March 17, 2025 practice alert from the American Immigration Lawyers Association (AILA) reported significant changes in E-2 interview practices at the U.S. Embassy in London.
Historically, London was considered a predictable E-visa post with relatively brief interviews.
Recent reports suggest that interviews are now more detailed.

Longer Interviews

Some interviews reportedly last up to 30 minutes.

Detailed Business Questions

Applicants may be asked about:
  • revenue figures
  • business plans
  • startup expenses
  • company profitability
  • U.S. expansion plans
  • the applicant’s role in the enterprise

Rotating Visa Officers

Rather than using a dedicated E-visa officer, interviews are reportedly conducted by a rotating pool of officers.

Occasional 214(b) Refusals

Some practitioners have reported unexpected refusals under INA 214(b).

E-2 Visa Wait Times at Major Consulates

The Department of State publishes visa appointment wait times for embassies worldwide.
Although these tables do not include a specific E-visa category, they still provide insight into overall consular workload.

Example Wait Time Snapshot

Consulate Visitor Visa Wait
London ~1.5 months
Sydney ~11 months
Melbourne ~11 months
Perth ~2 months
Dubai ~12 months
Abu Dhabi ~16 months

About the Authors

Mark I. Davies, Esq.

Chairman of Davies & Associates; focused on E visa strategy and complex consular filings.
Mark I. Davies, Esq., J.D., University of Pennsylvania Law School, licensed by the SRA (SRA ID: 384468) in the UK, and a member of The Law Society of England & Wales, MBA, Wharton School of Business. Top 10 Investment Visa Lawyer. Licensed in the USA. Georgia State Bar member. AILA member.
Area Details
Education: JD, University of Pennsylvania Carey Law School | MBA (Finance), The Wharton School, University of Pennsylvania | Chartered Accountant (ICAEW)
Financial Training: Completed the Analyst Training Program at a major international bank | Chartered Accountant background with professional training in financial analysis and reporting
Legal Practice: Admitted to practice in Georgia (USA) | Registered Solicitor with the Law Society of England and Wales | Former CMBS lawyer at one of the world's largest international law firms
Immigration Track Record: 15+ years advising HNW investors | Zero denials for clients advised on source-of-funds compliance in EB-5 | Hundreds of successful EB-5 cases globally
Recognition: Named a Top 25 EB-5 Immigration Attorney by EB5 Investors Magazine (2018–2023)
Professional Engagements: Lecturer/trainer for other lawyers at AILA, ACA, University of Pennsylvania Law School | Frequent speaker at global investment immigration conferences

Awards

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