E-2 Visa Investors and Franchises
Franchises are popular for foreign investors because a business plan and operating cost projections are required. This helps them determine how large their investment has to be, which is an important part of their application. In terms of E-2 Visa-friendly franchisors, you'll likely find more luck with an emerging brand than a national corporation, like McDonald’s or Subway. According to Bobby Chung, an immigration attorney with the Law Office of Bobby C. Chung, midsize or startup brands are motivated to work with international investors because they put a lot of money into their businesses and want to see them succeed. Big corporations already have many American investors, so Chung said their need for franchisees is easily met.
Franchises also allow you to scale your business and create a lot of jobs for others while providing for yourself and your family.
Working With A Franchise Consultant
Working with a franchise consultant will help you find the ideal franchise opportunity. These professionals will recommend you to franchisors and guide you to invest in a business that fits your lifestyle and financial background. When working with your consultant to find E-2 Visa-friendly franchises, it is important to ask these questions:
What is the Minimum Investment?
By law, there is no minimum investment required to qualify for an E-2 Visa. But, your case will be stronger if you have an investment of at least $100,000 or more. Since many multinational corporations require seven-figure investments at times, it may be better to focus on start-ups and mid-sized companies.
What is a Qualifying Business?
Legally speaking, this is an ambiguous term like a minimum investment. To qualify for an E-2 Visa, you can invest in a new or existing business, and you must prove that you have a physical location, like an office or store. Home-based businesses aren’t included.
The ideal business that qualifies for an E-2 Visa creates American jobs and is asset-based with a demonstrated substantial usage of investment funds. This includes inventory, equipment, supplies, build-out and renovation.