Immigration & Business
Visa Status
Non-Immigrant Visas for business persons or investors are known as B-1; B-2; E-1; E-2; H-1B and L-1. Many business buyers seek a business and are motivated by reasons other than ROI. Some seek the dream of living in the land of opportunity. Their motivation and needs will be honed in on seeking a business that will qualify them for Visa status.
B-1/B-2
B-1, a temporary visa for business, permits a visit to negotiate contracts, seek investments or real estate, or consult with business partners or associates. B-2 permits a visit for pleasure only.
Treaty-Trader/Investor
Treaty Trader or Treaty Investor Visas are commonly referred to as E-1 or E-2. These visas are available only to Nationals of those countries with whom the U.S. has a Treaty of Commerce or Navigation. The E-1 Visa allows the individual to carry on substantial trade principally between the U.S. and their foreign country. The E-2 Visa allows one to direct and develop the operations of a business in which he or she has an investment or is in the process of investing a substantial amount of capital.
H-1B
The H-1B Visa is a temporary worker visa for the international business person who is a "prominent" member of their profession and holds a minimum of a Bachelors Degree.
L-1
The L-1 (Intra Company Transferee) is a Visa which permits the individual to apply later for lawful permanent residence, i.e., the Green Card.
Jumbo Visa
New "Immigration Entrepreneur" Visa for investors with one to three million dollars in capital (with variations to encourage investment in targeted areas) and who employ 10 or more U.S. person can now, for the first time in U.S. history, apply directly for Permanent Resident Status (The Green Card). This is the one that provides Permanent Resident Status for the investor, spouse and children under 21.
E-2 Visa is the most common one for purchasing a business. The individual or company has to provide a substantial investment, generally in excess of $100,000 at risk. E Visa's are generally issued for five years.
Contact an Attorney specializing in immigrations to see if and what your country of origin qualifies for.
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