When applying for an E-2 visa, choosing the right E-2 business is critical, as not every business is suitable for an E-2 Visa. There are certain requirements and criteria that you need to consider before you invest your money and time in a business venture in the U.S.
Here is what you need to know:
Important Considerations When Choosing an E-2 Business
The factors that you should consider when choosing an E-2 business include:
- The type and nature of the business.
Some businesses are more suitable for an E-2 Visa than others. For example, businesses that involve trade, services, manufacturing, technology, or innovation are more likely to qualify for an E-2 visa than businesses that involve passive income, such as real estate or stock trading.
Why? Because USCIS wants to see that the investor is actively involved in the management and operation of the business and that the business contributes to the U.S. economy and creates jobs for U.S. workers.
- The location and market of the business.
Another factor that you should consider is where you want to operate your business and who your target customers are. Ideally, you should choose a location that has a high demand for your product or service and where you can easily access your suppliers and distributors.
In addition, you should research the competition and the regulations in your chosen area and industry to make sure that your business has a competitive edge and that it complies with all applicable laws.
- The financial viability and profitability of the business.
One of the most important factors you should consider when choosing an E-2 business is whether it can generate enough income and profit to support your living expenses and have a positive impact on the U.S. economy.
You should prepare a detailed business plan that outlines your goals, strategies, projections, and financial statements.
What are Some Examples of Businesses That Qualify for an E-2 Visa?
There is no definitive list of businesses that qualify for an E-2 Visa, as each case is evaluated on its own merits. However, based on our experience and research, here are some examples of businesses that are more likely to qualify for an E-2 Visa:
Franchises are popular choices for E-2 investors because they offer a proven business model, brand recognition, training, and support from the franchisor.
Detailed business plans and operating cost projections give investors a concise idea of what their substantial investment should be, allowing them to make their case in their E-2 visa application.
In addition, franchises can be any size – from a mall kiosk that employs one or two people to a convenience store or restaurant, and in some cases, investors can own multiple franchises under one E-2 Visa.
- Consulting firms.
Consulting firms are another good option for E-2 investors because they provide specialized services that are in high demand in various industries. Consulting firms can range from accounting, marketing, engineering, IT, legal, or management consulting.
These firms usually have low start-up costs and overhead expenses, which means that investors can invest more in marketing and hiring qualified staff.
- E-commerce businesses.
E-commerce businesses are becoming more popular among E-2 investors because they offer flexibility, scalability, and global reach.
E-commerce businesses can sell physical or digital products, such as clothing, books, software, or courses, through online platforms or their own websites. In addition, E-commerce businesses can operate from anywhere, as long as they have access to the Internet and a reliable delivery system.
These businesses require a substantial investment in inventory, technology, marketing, and customer service, which can demonstrate the investor’s commitment and involvement in the business.
Choosing the Right E-2 Business is Easy When You Work with Experts
If you are interested in applying for an E-2 visa, you need a trusted and experienced immigration attorney to help you with your case. At Jurado & Associates, P.A., we have the knowledge and expertise to guide you through the entire process of choosing the right E-2 business and preparing a strong E-2 visa application.
If you are ready to start your E-2 business, do not hesitate to contact us today. We will be happy to schedule an initial consultation with you to discuss your options and how we can help you achieve your goals. You can call us at (305) 921-0976, email us at [email protected], or send us a message on WhatsApp at +1 (305) 921-0976.