E-2 visa approval rate for Canadians: real data from 38 cases (2025–2026)

38 Canadian investors. 36 approvals. Every decision below is a documented outcome from a real case decided between January 2025 and September 2026. Compiled by Patrick Findaro, Founding Partner at Visa Franchise · Last updated: September 2026

94.7%
Final approval rate
36 of 38 decided cases
92.1%
First-attempt rate
35 of 38 approved first try
90+
E-2 visas issued
Investors, spouses & children
38
Total decisions
Jan 2025 to Sep 2026
78
Median days
Filing to consular decision
$117K
Median investment
Approved cases with data
ALL DECISIONS

All 38 decisions

Canadian E-2 visa cases managed by Visa Franchise, January 2025 to September 2026. Most recent first.

38 of 38 cases shown
Decision Industry Approach Investment Processing time Outcome
No cases match the selected filters.
Approved (35) Approved (2nd attempt) (1) Denied (2)
Table summary for reference: 38 E-2 visa decisions for Canadian clients of Visa Franchise, January 2025 through September 2026, most recent first. 35 approved on the first attempt, 1 approved on the second attempt, 2 denied. Denials: IT consulting ($23,000 investment, January 2026, insufficient capitalization) and Cabinet & Vanity manufacturing (Employee Visa Program™, February 2026). Investment amounts rounded to the nearest thousand; two cases have no investment amount on record. Approved cases with investment data ranged from $81,000 to $289,000, median $117,000. Processing times ranged from 11 to 286 days, median 78 days.
CLIENT STORIES

38 cases decided. 8 told their story.

These clients are part of the dataset above. Each one approved. Click any tab to open their case file.

E-2 Visa · Case File 01 / 08
Manik Kundra
Houston, Texas
Watch full story →
E-2 VisaApproved★ ★ ★
Industry
Apparel manufacturing
Investment
$156,000
Timeline
64 days
Solution
Operator's Visa Program™
State
Texas

"91% of our sales came from the US. You have to go where your customer is."
MONTH BY MONTH

Decisions by month, January 2025 to September 2026

Canadian E-2 visa outcomes by month: 36 approvals and 2 denials across 16 active months from January 2025 through September 2026. Peak activity was March 2026 with 6 approvals, followed by September 2026 with 4. Denials occurred in January 2026 and February 2026, one each.

THREE PATHWAYS

Outcomes by business model

100%
15 approved
0 denied
15 total
Operator's Visa Program™
95.2%
20 approved
1 denied
21 total
Employee Visa Program™
50%
1 approved
1 denied
2 total

The Franchise Visa Program™ reached 100% approval across 15 cases. Both denials came from different paths, confirming that no single approach carries more inherent risk. Investment level, preparation, and fit matter more than which program you choose. Not sure which path fits your situation? Take the eligibility check to find out.

BY SECTOR

Approval rates by industry

Six of eight industries approved every application. The two exceptions are an IT consulting case denied for undercapitalization, and a Cabinet & Vanity manufacturing Employee Visa Program™ case denied on second attempt.

Approval rates by business sector 38 cases · 8 industries
Home care and senior services
100% · 4 cases
Home services and trades
100% · 9 cases
Professional services
86% · 7 cases
Manufacturing and retail
80% · 5 cases
Entertainment and events
100% · 4 cases
Health and wellness
100% · 4 cases
Education
100% · 3 cases
Food and hospitality
100% · 2 cases

Industry is not a primary approval factor. The business plan, investment amount, and source of funds carry more weight in consular decisions. Industry categories are assigned based on each business's primary activity; some businesses span more than one category.

DENIAL ANALYSIS

What the two denials reveal

Denial 1
IT consulting, January 2026
Outcome: Denied on first attempt
Investment: $22,831
Solution: Operator's Visa Program™
Processing time: 78 days

The investment fell well below what consular officers treat as substantial for a service business. At $22,831, the application could not clear the proportionality test.

Takeaway: For professional service businesses, investors should plan for a minimum of $50,000 to $80,000 in documented capital.
Denial 2
Cabinet & Vanity manufacturing, February 2026
Outcome: Denied on second attempt
Investment: N/A (employee visa)
Solution: Employee Visa Program™

E-2 Employee petitions require the sponsoring E-2 business to demonstrate that the position requires specialized expertise and that the employee will meaningfully direct or develop the enterprise. A second attempt that does not address the original weakness will face the same result.

Takeaway: E-2 Employee sponsorships live or die on the alignment between the job role and the E-2 business plan. If the first petition was denied, the role definition and business case need to be substantially rebuilt before refiling.

Neither denial represents a flaw in the E-2 process. Both were specific, addressable problems. If you are concerned about your investment level or business model, run a free eligibility check before filing.

METHODOLOGY

About this data

How the 38 cases were selected, measured, and categorized.

Data scope

Every E-2 decision for Canadian citizens handled by Visa Franchise between January 2025 and September 2026, drawn from our internal client management system. Includes approvals, denials, first attempts, and second attempts.

What counts as a decision

A case is counted only when the consulate or USCIS issued a formal approval or denial. Pending applications and cases still in process at the data cutoff are excluded.

Investment amounts

Total capital placed at risk by the applicant, as recorded at filing, rounded to the nearest thousand. Two cases with no investment amount on record show as n/a and are excluded from investment calculations. One Employee Visa Program™ case reflects employer-funded investment.

Processing time

Calendar days from petition filing to the approval or denial decision, as recorded in our client management system.

Industry categories

Assigned by Visa Franchise based on each business's primary activity. Some businesses span more than one category and may appear under multiple groupings in the summary table.

Visa Franchise is a business consulting firm, not a law firm, and does not provide legal advice. Immigration legal services are provided by independent, licensed immigration attorneys whom clients engage directly. Nothing here is legal advice or a guarantee of any immigration outcome. Eligibility and results depend on the specifics of each case and are assessed by the attorney.

Expert perspective from Patrick Findaro

“Of the 36 approvals in this dataset, 35 went through on the first attempt. That tells you something about preparation. The consular officers at Toronto are experienced with E-2 filings. What they want to see is genuine capital at a level that is substantial relative to the cost of the enterprise, and a credible plan showing you will actively manage it. When you get those two things right, a 94.7 percent approval rate is not a surprise.”

Patrick Findaro, Founding Partner at Visa Franchise
Patrick Findaro
Founding Partner, Visa Franchise
COMMON QUESTIONS

Common questions from Canadians considering the E-2

Answered using real data from 38 decided cases.

The United States does not publish a fixed minimum. The legal standard is that the investment must be "substantial" relative to the total cost of establishing or purchasing the business. In this dataset, approved cases with investment data ranged from $81,115 to $288,913, with most falling between $85,000 and $200,000. The one denial at $22,831 shows that very low-capital service businesses face scrutiny at the consular level. For the official investment standard, see the State Department E-2 treaty investor page. For business options by investment level, see the Franchise Visa Program™.
Across the 38 cases in this dataset, the median was about 78 days from petition filing to a decision. The fastest case resolved in 11 days; the longest took 286 days for an approved application. Most cases fall between 50 and 140 days. Processing time depends on consular appointment availability and whether the officer requests additional documentation. Current appointment wait times for Toronto, Ottawa, and Calgary are listed on the US Embassy Canada visa page.
First-time E-2 applicants must interview at the U.S. Consulate in Toronto. This is the only post that handles new E-2 applications for Canadians. Renewals are more flexible and can be processed at other posts including Calgary and Montreal. A Canadian residing outside Canada at the time of renewal may apply at their nearest U.S. consulate. The legal standard applied is the same regardless of post; consulate choice affects appointment availability and wait times only.
Yes. Canadians already in the United States can file for a change of status directly with USCIS, without leaving the country for a consular interview. Three cases in this dataset involved Canadian citizens with U.S. residency at the time of application, and all three were approved on the first attempt. The change-of-status process is described on the USCIS E-2 treaty investor page. Whether a change of status is the right route for your case is something the independent immigration attorney assesses.
A denial does not prevent reapplication. The IT consulting denial in this dataset involved a capital deficiency that could be corrected by restructuring the business investment before refiling. When a denial stems from section 214(b), the applicant can address the specific deficiency and refile with a stronger application package. The one second-attempt approval in this dataset shows that refiling can work when the underlying problem is resolved. Visa Franchise's team can help you rebuild the business side of the case, while the independent immigration attorney handles the legal strategy. Review the E-2 requirements checklist to identify gaps in your original filing.
The E-2 visa requires that the business be a real, active enterprise, not a passive investment or a firm generating only subsistence-level income for the investor. The businesses in this dataset span home care, mental and dental health services, tutoring, construction, manufacturing, cleaning, food service, entertainment, engineering, event planning, property management, media, investment corporate services, and business exit consulting. Both franchise investments and independently started companies appear in the data. Franchise businesses are common for E-2 applications because they come with documented startup costs and proven operating models. Whether a specific business fits is something the independent immigration attorney assesses.

Find out which U.S. visa you actually qualify for

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