In recent years, the surge in E-2 visa applications has presented a remarkable picture both statistically and economically. In 2022, the United States approved over 50,000 E-2 visas, marking a 20% increase compared to the previous year. This growth not only signifies significant expansion but also sets a new record. However, discussions around potential regulatory changes for this visa category in the post-Trump administration era continue to emerge.
Turkey’s Rising Performance
For Turkey, the number of E-2 visas approved saw an impressive 115% increase from 2022 to 2023, ranking the country third globally, after Chile and Colombia. David F. Gallant, one of the founding attorneys of our firm, commented on this trend:
"Turkey’s economic conditions and the unique opportunities offered by the United States are driving increased interest in the E-2 visa among investors."
Following the return of consulates to full operational capacity post-COVID-19, investors have been seeking new opportunities to expand their activities. With a $25.46 trillion economy regarded as the center of the global market, the United States remains a top choice for investors. Additionally, the faster processing of E-2 visa applications compared to previous years has naturally contributed to the increase in applications.
Canada’s Notable Statistics
The E-2 visa is not only popular among investors from developing countries but also among those from developed nations. Canada offers an interesting case: despite being one of the most developed countries in the world, the uncontrollable rise in the cost of living has prompted Canadian businesspeople to explore the U.S. market.
Why America, Not Europe?
When comparing the processes of starting a business in Europe and the U.S., investors often arrive at the same conclusion: a business-friendly environment. David F. Gallant summarized this contrast:
"In America, you can establish your company, open a bank account, and start trading on the same day. In Europe, you might still be waiting in line at the local municipal office."
Europe’s bureaucratic hurdles and high taxes discourage investors, while the United States' flexible and efficient procedures are key drivers behind the growing demand for the E-2 visa.
Future Expectations
Experts predict that the trend in E-2 visa applications will continue in the coming years. However, potential regulatory changes under a new Trump administration could significantly impact this trend. Regardless of such changes, the United States' attractive opportunities for investors are expected to keep the E-2 visa a globally popular option.
