By Guest Contributor Sabine Weyergraf – www.weyergrafimmigration.com
Are you are a foreign investor who has decided that it is time to invest in a U.S. business and pursue getting an E-2 Visa by purchasing an existing business? If so, there are some important guidelines to help make an appropriate choice.
Of course, it needs to be a business that you, as a foreign investor, can envision yourself successfully operating. If the business can benefit from your prior experience and knowledge, this is even better. There are many ingredients to growing a successful business, including offering a desired product or service, using efficient and effective marketing tools, establishing or expanding on a good reputation and pricing your product or service so that it is competitive.
When deciding on a business that will work, it is important to keep the following guidelines in mind. The business should have at least 3 years of Federal Income Tax Returns available for review. It should be generating a minimum of $100,000 in gross revenues. Ideally, it should be making a profit. If it is not, any loss should be explainable.
There are other important criteria that will help the US Embassy to favorably review a visa application. Look for a business that is somewhat unique in what it offers. The Embassies see the small property management and lawn or pool service companies every day.
The business should have some employees or sub-contractors and definitely have the potential to add more employees. A signed lease for the business premises is important, too, as it provides a targeted area for offering services and allows for more specific marketing details. It is important that the business has proof of existing customers or contracts to show its viability and professional marketing materials to show its ability to acquire new customers.
Businesses that help build the U.S. economy, bring jobs and contracting opportunities to a region and those that can realistically project increasing profits are viewed more favorably by the Embassies and have the most likelihood of receiving a visa extension in the future. These are guidelines that any foreign investor should use in making a decision on the exact business that will work.
Sabine Weyergraf is founding partner and New York licensed attorney practicing solely immigration law with Weyergraf Immigration, PA in Sarasota, Florida.
Contact: 941-706-4102, firstname.lastname@example.org
This article is provided for general informational purposes and does not constitute legal advice.
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