We have tracked the roll-out of the Israeli E-2 visa for several years. Implementation may finally take effect in just six weeks’ time, according to the Israeli office of Population and Immigration Authority (PIBA). This news was first reported by Kan-Tor & Acco, a well-regarded Israeli law firm based in Ramat Gan. The corresponding Israeli B-5 visa is also expected to be available to U.S. citizens on May 1.
The E-2 visa allows eligible foreign nationals to enter the United States to direct and develop an enterprise – whether it be an expansion of an existing business outside the United States or a new business being formed – as long as there is a “substantial” investment. The E-2 visa can also be used to hire foreign nationals possessing a passport matching the ultimately ownership of the enterprise in the United States as Managers, Executives, Supervisory, or Essential Skills employees.
The E-2 visa provides relatively fast entry into the U.S. by allowing applicants the opportunity to apply directly with a consulate abroad with no petition to USCIS needed.
The treaty investor visa program should make it easier for Israeli companies, especially start-ups, to acquire U.S. work visas where previously they would have previously struggled to do so. Favored around the world, many technology companies, multinational businesses, and start-ups have leveraged the E-2 to bring talent to the U.S.
We will continue to monitor this situation and provide updates to our readers once an official announcement is made by the U.S. embassy. Contact us today to prepare for the potential opening of the E-2 visa to Israelis.
