Can those who want to start a business qualify for a visa?

On Behalf of | Sep 26, 2023 | Business Visas

Many of the most popular visa programs that let people legally enter the United States specifically depend on someone’s relationship with outside parties. Family-based visas require that someone have a relationship with a citizen or permanent resident. Employment-based visas require the cultivation of a professional relationship with an organization operating in the United States.

The idea of having an outside party establish the basis for one’s visa can make people feel anxious. Many people would prefer to qualify solely on their own merits. One of the ways to take direct control over immigration opportunities is to start one’s own business as an immigrant investor.

Who can get a visa for starting a domestic company?

To qualify for an immigrant investor visa or EB-5 visa, a would-be entrepreneur needs to meet certain standards. They will need to pass a background check and be able to submit necessary medical records to the United States Citizenship and Immigration Services (USCIS).

They will also need to have a substantial amount of liquid capital to invest in a business venture in the United States. Typically, someone will need to commit at least $1,050,000 toward domestic investments to qualify for an EB-5 visa. However, those specifically planning to invest in a rural community or high-priority targeted employment development area with limited employment opportunities could qualify for an EB-5 visa with an initial investment of $800,000.

Regardless of the amount of capital invested, the business operations of those seeking an EB-5 visa will typically need to create at least 10 new domestic full-time jobs. They will need to be permanent positions, not temporary or seasonal offerings.

EB-5 visas are accessible options

For those who have the capital available to start a business in the United States that qualifies for an EB-5 visa, becoming their own bosses could very well be a much better way of achieving their immigration dreams than trying to gain a job with a specific company or to develop relationships that will present future immigration opportunities.

Those who have capital and can pass a background check could turn their business idea into an opportunity to immigrate. Seeking legal guidance to learn more about investor visas could help those with entrepreneurial dreams plan to legally enter the United States.



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