Getting an EB-5 visa to buy a California business
Moving to the United States or specifically to live in California is very attractive to people all around the world from all walks of life. Doing it legally is a challenge not only because of the amount of time it takes but also waiting for a visa quota to open up so an application can be made and processed.
If you are looking to obtain permanent residency in the United States and have money to invest in a business in California, the EB-5 visa may be the right option for you.
EB-5 visa advantage
One of the best benefits of the EB-5 visa is that there is no quota waiting list. That is if you qualify it allows a foreign national to obtain permanent residence status much faster than other visa options.
EB-5 visa qualification to buy a California business
EB-5 visa applicants may obtain visas by investing at least $500,000 in a commercial enterprise in the United States that creates at least 10 full-time jobs and meets other requirements.
Buying a business for sale to live in California can be the perfect option. The California economy is so diverse with its range of business services and needs that there is bound to be an opportunity for your business. There are many new businesses for sale opportunities or there are many existing businesses for sale.
How to apply for an EB-5 visa to buy a California business
There are many steps to navigate and obtain the necessary EB-5 visa approval. This includes successfully completing an application to the Department of Homeland Security to consider your petition on Form 1-924 which is an application to the Department of Homeland Security.
Create a team to get your EB-5 visa
Obtaining an EB-5 visa is a very complicated process that involves many components. These include meeting specific qualifications, an economic plan, a business plan, meeting SEC requirements, tax consequences, decisions about how and where to invest, and whether to do so directly or through what is called a “Regional Center” and a host of other issues.
To make sure your application is successful and not lost in bureaucracy, you should have a team to help you. Your team should include a business broker to help you source the right business or franchise, a qualified attorney which you can find through the Sacramento County Bar Association, and a CPA which you can find through CalCPA.
If you have questions, please give me a call on 916 570-2674 or you are welcome to send an email to Andrew Rogerson.
If you would like more information about buying a business, buying a franchise, starting a business, or selling a business, please visit my website Business Advice Books.
