What are the different visa options available for foreign entrepreneurs wanting to start a business in the United States?
By
As a lawyer, I can advise on the different visa options available for foreign entrepreneurs looking to start a business in the United States.
The most common visa options available for foreign entrepreneurs are the E-2 visa and the EB-5 visa.
The E-2 visa is designed for foreign entrepreneurs who want to start or invest in a business in the United States. To qualify for this visa, the applicant must be from a treaty country and have already invested, or be in the process of investing, a significant amount of capital in a U.S.-based business. The investment should be substantial enough to show the commitment of the entrepreneur to the business. Also, the applicant must be able to demonstrate that he or she will be actively involved in the management of the business.
The EB-5 visa is for foreign entrepreneurs who want to invest in a business in the United States or create a new enterprise. The applicant must invest $1 million in a business that will create or save at least 10 full-time jobs for U.S. workers. If the investment is in a rural area or a high-unemployment area, the minimum investment is $500,000. The applicant must show that the investment is from legal sources, and the business should be active and successful.
There are other visa options available for entrepreneurs, such as the L-1 and O-1 visas. However, these are generally not used as frequently as the E-2 and EB-5 visas.
It is important to note that each visa option has its own eligibility requirements and limitations, and the application process can be complex. It is highly recommended that foreign entrepreneurs seek the advice of a licensed attorney with experience in business immigration law before pursuing any visa option.
In conclusion, foreign entrepreneurs looking to start a business in the United States have several visa options available, including the E-2 and EB-5 visas. Each visa option has its own eligibility requirements and limitations, and it is essential to seek the advice of a qualified attorney before proceeding with any visa application.
