If you are considering buying an existing business to qualify for the E-2 Investor Visa, there are some important things to consider. Here are some tips on how to choose an existing business that will meet the requirements for the E-2 visa:
Make sure the business qualifies: The first step in choosing an existing business is to make sure that it meets the eligibility criteria for the E-2 visa. The business must be based in the United States and at least 50% owned by citizens of a treaty country with which the U.S. has an E-2 treaty. Additionally, the business must be a bona fide enterprise and the investment in the business must be substantial.
Look for a business that generates profit: One of the requirements of the E-2 visa is that the business must have the capacity to generate more than enough income to support the investor and his or her family. It’s important to choose a business that is already profitable and has the potential for growth.
Consider your skills and experience: It’s important to choose a business that matches your skills and experience. If you have experience in a particular industry, look for businesses in that industry that are for sale. This will give you a better chance of being successful in running the business.
Evaluate the location of the business: Consider the location of the business and whether it’s a good fit for you and your family. It’s important to choose a location that has a good quality of life and is a place where you will enjoy living.
Assess the financials of the business: Before making an offer on a business, review the financials to ensure that it’s a good investment. Look at the company’s balance sheet, income statement, cash flow statement, and tax returns. If you don’t have experience reading financial statements, consider hiring an accountant to review them for you.
Hire a business broker: A business broker can help you find businesses for sale that meet the requirements for the E-2 visa. They can also assist with the negotiation process and provide guidance on the due diligence process.
Obtain legal assistance: Once you’ve identified a business you’re interested in, it’s important to obtain legal assistance to ensure that the transaction is completed properly. An immigration attorney can help ensure that the business meets the requirements for the E-2 visa and can assist with the application process.
In conclusion, buying an existing business can be a great way to qualify for the E-2 Investor Visa. By following these tips and working with experienced professionals, you can increase your chances of success and obtain your visa to start your new life in the United States.