The state of Florida offers fertile soil for foreign investors who want to live and work legally in the United States by obtaining an E2 visa. In this article, you will discover five excellent business ideas for visa E2 applicants.
Explaining the E-2 Visa – The Essentials
The E2 visa is a nonimmigrant visa that allows foreign citizens from treaty countries to enter the United States upon investing a substantial amount of capital in a US-based enterprise.
As provided by the United States Citizenship and Immigration Services (USCIS), a treaty country is a country with which the United States maintains a treaty of commerce and navigation or a qualifying international agreement, or which has been deemed a qualifying country by legislation.
Although there is no pre-determined amount to apply for an E2 visa, the applicant’s investment must meet the “substantial” standard – usually more than 50% of the total investment amount. Besides, the investment enterprise cannot be marginal.
Considering the E2 visa is one of the most sought-after options in the USCIS, the number of denials is high. Hence, it is crucial to consult with an expert immigration attorney to avoid pitfalls and ensure a positive outcome.
E-2 Visa Investment Examples – Profitable Business Ideas for Applicants
In 2020, there were over 59,000 franchise establishments in Florida, boasting a total payroll of $26.4 billion (considering fiscal 2020). Franchises give investors the advantage of entering the market using a proven business model and a solid brand.
Franchises are excellent options for E2 visa applicants, as the business plans and cost projections involved in the process allow prospective investors to know what their substantial investment must be.
Franchises allow entrepreneurs to have a higher level of flexibility, as this type of enterprise can be any size. Still, the franchisor will keep supporting the franchisee with training and other tools.
Acquiring an Established Business
Another good option for E2 investors is to purchase an existing business in Florida. Similar to the franchise business, investing a substantial amount of money to purchase an existing business permits investors to enter the US market with a company that is already running and generating cash flow.
Foreign investors with solid experience in business may apply for an E2 to establish a consulting firm in Florida. This type of business encompasses several areas, including IT, software development, design, architecture, etc.
If the applicant shows a detailed business plan with realistic growth projections, a consulting business may provide a smooth pathway for an E2 visa.
There is no news in the fact that food companies tend to prosper anywhere in the United States. In Florida, it is common to see E2 applicants investing a substantial amount of capital to open a food business (i.e., restaurant, bakery, cafe, pub, etc.).
Providing Home Services
In Florida, every service that makes life easier for people has great potential as a business enterprise. With the growing influx of people coming from other states, the demand for services like housekeepers, gardening, pool maintenance, and home repair (e.g., locksmiths) tends to grow in the short term.
Are You Interested in Applying for an E-2 Visa? – Work with Attorney Romy B. Jurado Today
With a decade of experience helping clients immigrate to the United States, Attorney Romy B. Jurado is willing to help you as well. Waste no time – contact us today by calling (305) 921-0976 or emailing Romy@juradolawfirm.com to schedule a consultation.