More Pessimism Regarding the Israeli E-2 as Delays in Implementation Continue

This year has proven to be a series of false starts for prospective Israeli E-2 investors.

In January, we expressed optimism that after years of waiting the E-2 visa for Israeli nationals was finally moving forward. In April, we tempered our expectations by reporting how the U.S. Department of State ("DOS") informed the American Immigration Lawyers Association ("AILA") that certain regulatory reciprocity requirements had not been met. Because the Israeli government's first regulatory draft was perceived to be unfair to U.S. investors seeking the E-2 equivalent in Israel, DOS had not yet opened the visa for Israelis. DOS projected that the E-2 would not become available until October at the earliest.