Navigating the intricacies of U.S. visa approvals demands a keen understanding of the latest trends and statistics. At Visa Franchise, we are dedicated to providing you with accurate and timely information to aid in your decision-making process. Today, we are delighted to unveil exclusive insights into the recent approval rates of key visa categories—O-1, EB-2 NIW, and E-2 visas.
This article not only brings you the most current statistics but also delves into the methodology behind their calculation, relying on data sourced from the reputable U.S. Department of State (State Department) and United States Citizenship and Immigration Services (USCIS). Join us as we explore these fascinating trends, empowering you to make well-informed decisions on your visa journey.
Unveiling the Methodology Behind the Numbers
The calculation of these rates follows a straightforward formula: approval rate equals approvals divided by the sum of approvals and denials. For the E-2 Visa, our analysis drew from the latest reports issued by the State Department, specifically the 'Nonimmigrant Worldwide issuance and refusal data' spanning from 2020 to 2022. Applying the formula, we deciphered the approval rates for this visa category.
Turning our attention to the EB-2 NIW, we meticulously gathered data from the most recent report by the United States Citizenship and Immigration Services (USCIS). By consolidating all reported cases of NIW approvals and denials, we applied the same formula to unveil the approval rates within this classification.
The exploration of O-1A Visa approvals involved a nuanced approach, focusing on the initial phase with data sourced from the USCIS. Our analysis, based on the 'STEM-Related Petition Trends' report as of October 2023, specifically honed in on Visa Franchise's largest client base—STEM professionals—providing a comprehensive view of O-1A Visa approval rates within this demographic.
Unveiling the EB-2 NIW Visa Approval Rollercoaster
Let's begin by unraveling the approval rates within the EB-2 NIW category across various job types. In 2021, the approval rate stood at a commendable 86%, with a total of 9,650 cases securing approval. The subsequent year witnessed a noteworthy surge, as the approval rate climbed to 90%, resulting in an impressive tally of 19,090 approved cases in 2022.
However, the ebbs and flows of visa approvals took a turn in 2023, with the approval rate experiencing a decline to 80%. Despite the dip, a substantial 31,750 cases earned approval during this period. These fluctuations in approval rates shed light on the dynamic nature of visa trends within the EB-2 NIW category, prompting a closer examination of the factors influencing these variations.
What Drives the Varied Trajectories of STEM and Non-STEM Job Types?
But, what if we focus on the approval rates of the STEM and Non-STEM job types within the realm of EB-2 NIW petitions? The story unfolds with intriguing nuances as we dissect the data. In 2021, STEM job types, encompassing professions such as software engineers, biomedical researchers, and data scientists, exhibited a remarkable approval rate of 93%, signaling a favorable trend. This positive trajectory continued into 2022 with an impressive surge to 95%. Yet, in 2023, a subtle downturn occurred, as the approval rate dipped to 91%, urging a closer examination of the underlying dynamics shaping the visa approval landscape for these critical occupations.
On the flip side, the narrative for Non-STEM job types presents a distinct trajectory. Commencing at 71% in 2021, there was an upward shift to 81% in 2022, reflecting a positive trend. However, the course shifted unexpectedly in 2023, witnessing a sharp downturn to 66%. This decline prompts a closer examination of the factors influencing the approval rates for Non-STEM occupations.
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Analyzing O-1A Visa Approvals Through USCIS's Initial Phase
Focusing on the intricate landscape of O-1A Visa approvals, it's essential to understand that this visa undergoes a two-phase approval process, with the initial phase overseen by the United States Citizenship and Immigration Services (USCIS). For our analysis, we specifically examine the approval rates during this crucial first phase. Drawing insights from the "STEM-Related Petition Trends" report, the numbers reveal a compelling story.
In 2021, the O-1A Visa approval rate stood impressively high at 91%, resulting in 7,320 approvals. The subsequent year witnessed a notable increase, with the approval rate reaching 94% and 9,120 approvals. Despite a slight dip in 2023, where the approval rate was 92%, the absolute number of approvals soared to 9,490. This remarkable consistency in high approval rates underscores the strength of this visa category, positioning it as an attractive avenue for individuals with extraordinary abilities and achievements in their respective fields.
E-2 Visa Approval Rates Reflecting Stability Amidst Change
In 2022, the approval rate maintained a robust standing at 91%, witnessing the green light for 45,878 applications out of a substantial 50,701, while 4,823 faced a less favorable outcome. This marks a nuanced dip from the pinnacle achieved in 2021, where the approval rate soared to an impressive 93%. In that year, 33,129 out of 35,812 applications successfully navigated the approval process, while 2,683 encountered rejection.
Rewinding the narrative to 2020, the approval rate resonated at 88%, celebrating 23,493 green-lit applications out of 26,759, while 3,266 faced a roadblock in their journey. These figures not only paint a vivid picture of numerical shifts but also offer a comprehensive analysis, unraveling the intricacies and trends shaping the dynamic landscape of E-2 Visa applications.
How Can we Help You?
Visa Franchise is not only a source of comprehensive information on U.S. visa approvals, but also your partner in achieving the American dream. We have meticulously designed three distinct processes to facilitate a smoother transition to the U.S., with the overarching goal of ensuring personal and business success in the initial years. For the EB-2 NIW, we offer expert assistance in formulating your U.S. endeavor, whether through entrepreneurship or employment.
In the case of the O-1 Visa, we step in as your sponsor or business manager, providing a unique level of flexibility for managing your U.S. work endeavors, offering an alternative to being tied down to a single employer.
For those considering the E-2 Visa, we provide services on navigating the process of buying a franchise or starting your own business. Our rigorous due diligence standards ensure that less than 2% of businesses meet our criteria, significantly elevating our clients' chances of success compared to industry averages. Remarkably, our final visa approval rate stands at an impressive 99% for clients willing to apply a second time if necessary, demonstrating our unwavering commitment to realizing your American dream. If you're eager to explore each of the tailored solutions we have to offer, don't hesitate! Visit our website now by clicking here.
Ready to embark on your journey toward the American dream? Take the first step with Visa Franchise! Click here to access our form and kickstart your visa application process.
Conclusion
As we conclude this exploration into the complex world of U.S. visa approvals, Visa Franchise takes pride in being your dedicated source for accurate and timely information. In this article, we've unveiled exclusive insights into the recent approval rates of key visa categories—O-1, EB-2 NIW, and E-2 visas—providing you with a comprehensive understanding of the latest trends and statistics crucial for your decision-making process.
