What alternatives Does the Investor have to apply for a e2 visa or l1 Visa buying a business or franchises in Florida?
The United States is one of the most attractive countries for foreign investors seeking to invest in a business or franchise. The E2 visa and L1 visa are two popular visa options for foreign investors who want to invest in a business or franchise in Florida. However, these visas have their limitations, and investors may want to explore alternative options to obtain a visa. In this article, we will discuss alternative options that investors can consider when investing in a business or franchise in Florida.
EB-5 Visa
The EB-5 visa is an alternative visa option for foreign investors who want to invest in a business or franchise in Florida. This visa program requires the investor to invest a minimum of $1.8 million in a new commercial enterprise or $900,000 in a targeted employment area (TEA). The TEA designation is given to areas with high unemployment rates or rural areas.
Investors who meet the investment requirements can apply for an EB-5 visa, which allows them and their immediate family members to live and work in the United States. The EB-5 visa is a permanent residency visa, which means that investors can stay in the United States indefinitely as long as they maintain their investment and meet the visa’s requirements.
The EB-5 visa program has several advantages over the E2 and L1 visa programs. One advantage is that it allows investors to obtain permanent residency, which means that they do not have to renew their visa periodically. Additionally, the EB-5 visa program does not require investors to manage the day-to-day operations of the business, as is required by the E2 and L1 visa programs.
However, the EB-5 visa program has its limitations. One limitation is that the investment amount is higher than the investment amount required for the E2 and L1 visa programs. Additionally, the EB-5 visa program has a lengthy processing time, which can take up to two years or more.
Investment-Based Green Card
Another alternative for investors seeking to invest in a business or franchise in Florida is to explore the investment-based green card program. The investment-based green card program is a program that allows investors to obtain permanent residency in the United States by investing in a business or franchise.
To qualify for this program, investors must invest a minimum of $800,000 in a business or franchise located in a designated regional center. Regional centers are geographic areas designated by the United States Citizenship and Immigration Services (USCIS) as areas that promote economic growth.
Investors who meet the investment requirements can apply for an investment-based green card, which allows them and their immediate family members to live and work in the United States indefinitely.