How to start a New E-2 Visa Business
Getting an E-2 visa business is an important requirement for getting an E-2 visa. Generally, you have two options, you can either start a new business or you can buy an existing one. If you are buying an existing business, we can help you get in touch with a business broker to purchase the business.
Invest The Necessary Amount To Start The E-2 Visa BusinessTo qualify for an E-2 visa with a new business, you need to show that you have spent considerably on the business venture. For example, if you want to establish a tech startup, you need to spend fully on all the requirements for that business. You need to provide evidence of these expenses like the receipts for your purchases.
Prove That The Funds Are Irrevocably Committed To The E-2 Visa BusinessYou need to prove that the funds you have committed to the investment are irrevocable. Meaning that they are substantial enough to guarantee that you will make the business a success.
This mostly depends on the kind of business involved. For instance, if you are operating a service business that just needs about $30,000 to $40,000 as start-up capital, you will need to prove that you have already purchased all the equipment you require to start the business.
Show That The Investment Will Be ProfitableYou also need to show that the business you intend to establish will be profitable. It will be bad to employ US workers only to lay them off in a few years. Since your business is a new one, you will need to get a business plan that details earnings projections for your business.
Demonstrate Your Ability To Develop And Direct The E-2 Visa BusinessYou also need to demonstrate your ability to develop and successfully run the E-2 visa business. To do this, you need to establish that you have the required education to run the business. Alternatively, you can establish that you have run other successful businesses in the past.
The only time this requirement does not apply is if you are establishing a franchise. This is because franchises are known to give considerable support to their franchisees. There is also the proven track record of the franchise* previous success.
If you want to start a franchise business, then you need to provide a signed franchise agreement, proof of franchise fee, purchase of equipment, and so on.