Title: The Eb-5 Visa Is a Great Option to Run a Business in the Us
1You Must Have Work Authorization to Run Your
Business in the U.S.
- In this guide, we will explain the various
activities that require work authorization and we
will also explain some visa options which allow
someone to run their business in the U.S.
2Work Authorization to Run Your Business
- If you are planning on operating your own
business in the U.S. there is some important
information you should know about work
authorization. - Starting a business in the U.S. and running that
business in the U.S. requires work
authorization. Running your business in the U.S.
without the appropriate work authorization can
lead to major immigration consequences.
3Starting a Business, Owning a Business, and
Operating a Business
- To get started, there are three important
concepts that Id like to first explain -
- Setting-Up a Business
- Setting up a business includes the following
tasks - Forming a company, corporation, or Limited
Liability - Company (LLC)
- Setting up your business bank account
- Buying or leasing office space, warehouses, and
- other premises for the business.
- Other tasks related to the creation of a new
business. -
- Owning a business
- Ownership refers to your interest or stake in a
business. - You can become the owner of a business in the US
by - Starting a new business
- Buying an existing business
- Purchasing shares of an existing business
-
- Managing and Operating a Business
4Work Authorization Requirement
- You must have work authorization to manage and/or
operate your business in the U.S. - You dont necessarily need work authorization to
start a business in the U.S. or to own a U.S.
business. In many cases you can do this from
outside of the U.S. or you may potentially be
able to enter the U.S. as a visitor to complete
certain tasks. - However, you cannot manage and/or operate a
business without proper work authorization. This
is a mandatory requirement and ignoring this may
lead to serious immigration consequences.
5Options to Manage and Operate a Business in the
U.S.
- If your goal is to open a busines in the U.S. and
to operate that business, here are three options
to consider.
6E2 Visa
- The E2 visa is a great option for investors and
entrepreneurs looking to operate their busines in
the U.S. The basic idea of an E2 visa is that it
allows an investor or entrepreneur to invest in a
U.S. business, and based on making that
investment, they can live in the U.S. and operate
their business. - Here are some general E2 visa requirements
- Must make a substantial investment in the U.S.
business (we typically recommend 100,000 but
investments for less than that have gotten
approved). - You must be a citizen of a country that has an E2
treaty with the U.S. (here is a list of countries
that qualify) - Your investment funds be at risk (this means that
the funds should be committed/spent)
7E2 Visa Benefits
-The E2 visa is a great option for investors and
entrepreneurs because it allows them to actively
operate their business in the U.S. -The E2 visa
can be renewed as long as the E2 visa
requirements continue to be met. -The spouse of
an E2 visa holder can also apply for work
authorization -Children of an E2 visa holder
(under 21 years old) can attend school in the U.S.
8L1 Visa
- The L1 visa is also a great visa option for
investors and entrepreneurs. The basic idea of
the L1 visa is that it allows a foreign company
to transfer a manager, executive, or specialized
knowledge worker, to a related U.S. company. - If the U.S. company is brand new, there is a
special type of L1 visa called the L1 new
office which allows the transferred employee to
establish and build up the U.S. company if it is
within its first year of operations in the U.S. - Here are some general L1 visa requirements
- The L1 visa beneficiary must have worked for the
foreign company for 1 year continuously,
full-time, within the last 3-year period - L1 visa beneficiary must have worked in a
managerial, executive, or specialized knowledge
capacity for the foreign company - L1 visa beneficiary must be coming to the U.S. to
work as a manager, executive, or specialized
knowledge worker - Foreign company and US company must have a
qualifying relationship (parent/subsidiary,
branch office, affiliates)
9EB-5 Visa
- The EB-5 visa is a great option for investors and
entrepreneurs. This visa option is similar to the
E2 visa mentioned above, however, the EB-5 visa
is an immigrant visa and so it leads to a green
card (lawful permanent residence). -
- The basic idea of the EB-5 visa is that it
requires that someone invest in a U.S. business
and to create jobs for U.S. workers. In exchange
for the investment and the job creation, which
benefits the U.S. economy, the investor is
eligible for a green card for themselves, their
spouse, and their unmarried children under 21
years old.
10- Through the EB-5 visa, the EB-5 investor can get
a green card (lawful permanent residence) which
would allow them to live in the U.S. and run
their business. - Here are some of the general EB-5 visa
requirements - -Must invest either 900,000 or 1,800,000 in a
U.S. business (depending on whether the business
is located in a Targeted Employment Area) - Your investment must lead to the creation of 10
full-time jobs for U.S. workers - Your investment funds must have been obtained
lawfully - Your investment funds must be at risk
11You should now have a much better understanding
of the general concept of work authorization. In
addition, you should now have a better
understanding of the E2 visa, the L1 visa, and
the EB-5 visa.
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-authorization-to-run-your-business-in-the-us/