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USA
Investor Visa

E-2 Visa.

For entrepreneurs investing in and operating US businesses.

Key takeaways
  • A larger investment does not automatically create a stronger case.
  • Passive investments do not qualify.
  • Proving where the invested money came from is one of the most important parts of every application.
  • Business structure and operational credibility matter as much as investment size.
Written by Furkan Dogan·Updated October 2026

Quick answers

What is the E-2?

The E-2 is a non-immigrant visa for entrepreneurs investing in and operating a U.S. business. It has no annual cap or lottery and can be renewed indefinitely if the business remains active.

Minimum investment

The E-2 visa has no fixed minimum investment amount. The investment must be substantial relative to the cost of establishing and operating the business.

Who qualifies?

The E-2 is available only to citizens of countries with an E-2 treaty with the United States. Applicants must actively direct and develop a real operating business.

Processing time

Most E-2 applications require several weeks of preparation before filing. Consular interview wait times vary significantly by embassy or consulate.

Definition

What is the E-2 visa?

The E-2 lets a national of a treaty country live in the US to run a company they have put their own capital into. There is no fixed minimum; the amount has to be in proportion to what that business costs.

Officers judge whether the business is real and will grow, not the size of the investment alone.

90.1%
Approval rate
E-2 visas issued, FY 2024 (State Dept)
2 yrs
Per admission
Each entry, renewable
None
Annual cap
No quota, no lottery
81
Treaty countries
With an active E-2 treaty
Who qualifies

Four ways
into the E-2.

There is more than one way into the E-2. Some applicants launch companies from scratch. Others buy existing businesses, join E-2 enterprises as key employees, or operate through franchise systems.

Principal Investor

Founder

You're launching a US business that you will direct and develop yourself, with your own money already committed to it.

Franchise Investor

Franchise Buyer

One of the most structured E-2 paths. The franchisor's business model supplies much of the operating record. Popular sectors: food service, retail, fitness, home services.

Business Acquirer

Buying an Existing Business

Purchasing an established US business with existing revenue and staff. The operating history helps show the business supports more than your own household.

Other structures can qualify too. Employees must share the owners’ nationality. A company with steady trade with the US and no investment may fit the E-1 instead.

Treaty countries

Your passport
comes first.

The E-2 is open to citizens of a treaty country alone, and the US business takes its nationality from the people who own it. Living in a treaty country is not enough.

81 countries

The UK, Germany, Japan, Turkey, Canada and Mexico are among them. India, Russia, Brazil and mainland China have no E-2 treaty.

A company with your nationality

Treaty nationals hold at least half of the US business. Owners who live in the US with a green card do not count toward it.

Citizenship by investment

Citizenship from an investment program counts only after three years of real residence there, unless you held E status before.

See every E-2 treaty country
Requirements

Six things
the officer checks.

Officers weigh the six together. A large amount does not make up for a business that only pays your own way.

  1. 01Treaty nationality, for you and the company
  2. 02Money committed and at risk before filing
  3. 03An amount in proportion to the business’s cost
  4. 04A lawful, traceable source of funds
  5. 05A real business that grows past a living
  6. 0650% ownership or operational control
See what proves each requirement
How it works

The full E-2 process,
in six steps.

The business comes first and the filing second. Most of the time goes into setting it up and documenting the money, then into the post’s own review or the USCIS queue.

01

Eligibility assessment

Start with the 3-minute eligibility test. An expert then reviews the business type, the money behind it, and your passport before any capital is committed.

1-7 days
02

Case strategy

With your attorney, you pick a consulate abroad or a change of status in the US, and plan the investment timeline and the evidence.

1-2 weeks
03

Business setup and investment

You form the company, move the funds, sign the lease or purchase agreement, and start spending on the business. Every transfer is documented, from your account to the company. This step takes the longest.

4-12 weeks
04

Preparation of the application

Your attorney drafts the cover letter, ties every exhibit to an E-2 requirement, and readies the forms alongside the business plan. Nothing is filed until you have read and signed it.

2-4 weeks
05

Filing and decision

At a consulate, the post’s E visa unit reviews the package, then holds the interview. From inside the US, the company files Form I-129 with USCIS, where premium processing brings a decision in 15 business days.

Varies by route and post
06

Approval and activation

Each admission lasts up to two years, and you run the business in E-2 status. The E-2 renews while the business still qualifies, and a spouse may work with no separate permit.

Ongoing

On imigOS, every stage of the case sits in one place: what has been filed, what USCIS is reviewing, and what your attorney needs from you next.

How imigOS works
Common denial reasons

Why strong cases
still get denied.

Most E-2 refusals turn on the money and the plan, not on the size of the investment.

  1. 01

    Funds not fully committed

    Money still sitting in a personal account reads as a promise. Officers want it spent, or tied to the business by contract, before filing.

  2. 02

    Generic or unrealistic business plans

    Template projections and thin hiring plans are easy to spot, and the first renewal compares the plan with what the business actually did.

  3. 03

    Incomplete source-of-funds documentation

    Gaps in the money trail, undocumented transfers, or informal gifts draw scrutiny. Every major transfer has to be explained on paper.

  4. 04

    Business appears marginal

    A business built only to pay its owner’s living costs fails. Officers look for income beyond the family or jobs for others.

Strengths and Limitations

The honest
tradeoffs.

The E-2 lets a treaty national build a US business and live beside it, with no lottery and no degree. The money goes in first, and the business is tested again at every renewal.

Vote on the ones that matter to you.

✓ Strengths
  • Renews for as long as the business qualifies
  • Spouse can work without a permit
  • Faster to set up than most work visas
  • No cap and no lottery
  • No degree needed
  • The company can bring key staff
⚠ Limitations
  • Not a green card by itself
  • Treaty nationality is required
  • You must run the business yourself
  • Passive investments do not count
  • The money goes in before you file
  • Results are checked at every renewal
E-2 vs other routes for business owners

The E-2 and its alternatives.

The benchmark
Visa type
E-2
Status
Temporary, renewable
Based on
Investment
Minimum
None fixed
Lottery
None
Degree
Not required
Nationality
Treaty countries
  • E-1

    The treaty visa for a company with steady trade with the US, and no investment at all.

    E-1 vs E-2
  • L-1A

    Transfers a manager from an affiliated company abroad, open to any nationality.

    L-1 vs E-2
  • O-1A

    For founders with a record of acclaim, with no investment and no nationality list.

    O-1 vs E-2
  • EB-5

    The investor green card, with a fixed minimum and ten US jobs to create.

    EB-5 visa
Path to a green card
A path climbing a mountain ridge to a flag at the summit, standing for the move from E-2 status to a green card.

A green card
comes separately.

The E-2 does not become a green card. Investors move on through a separate category, such as the EB-5 when the same business grows to the investor threshold. E-2 status can continue while that case is pending.

Map the E-2 green card routes
Cost and fees

Where the money goes.

Three parts, before the investment itself. One applicant at a consulate starts from $9,815.

Every E-2 fee explained
  • Attorney fee$8,000

    Case strategy, the source-of-funds trail and exhibits, the forms, and interview preparation.

    Attorney fees are set independently by licensed attorneys.

  • Government feesFrom $315

    Consular applicants pay the visa fee per person. A change of status inside the US pays the USCIS petition fees instead, with premium processing as an option.

  • Paid separatelyVaries

    Translations, the business plan writer, and any reciprocity fee your nationality carries.

E-2 Visa
Common Questions.

Yes. The E-2 gives a temporary stay to run a US business, renewed for as long as the business qualifies. The investor keeps an intention to leave when the status ends. A green card comes only through a separate immigrant category filed on its own.

Only treaty nationals qualify, and the money goes in before filing, where it stays at risk if the visa is refused. The investor has to keep control and run the company, every renewal tests the business again, and the E-2 itself leads to no green card.

Any lawful business that sells goods or services and can grow past the owner’s living costs. Franchises, purchases of a running business, and service firms with staff are common. Passive holdings such as rental real estate or an idle company do not qualify, however much money they hold.

No. The E-2 asks for no degree and sets no age limit, and retirees who invest and run a business qualify on the same terms. What decides the case is the investment, the business, and the investor’s control of it.

Yes, in practice. The E-2 is for directing and developing the business, so the investor is expected to be based in the US and running it. Trips abroad are normal, but long absences with no business reason raise questions at the next renewal.

Yes. No immigration rule stops an E-2 holder from buying a home in the US. The house does not count toward the E-2 investment, because the money has to go into the business itself. Owning a US home does not on its own decide the intent to leave, which turns on the plan to depart when the status ends.

E-2 status rests on the business, so when it stops operating, the basis for staying ends. The investor then leaves the US or moves to another status. A business that falls far short of its original plan can also fail at renewal, even while it still trades.

Look for an attorney who files E-2 cases regularly, not a general immigration practice that handles one now and then. Each consulate has its own package rules and expectations. imigOS lists the attorneys who take E-2 cases, and a consultation can be booked with one there.

Run your E-2 in one place.

See where you stand in about 3 minutes, then prepare the case with a licensed attorney on imigOS.

Start Free Eligibility CheckHow imigOS works