If you purchase an existing business, you will have several advantages. For example, the business already has loyal customers. It has the inventory, furniture, and staff that are needed to run the business. It’s true that an existing business would give you a chance to jump in without a lot of preparation, but an existing business also helps you with the immigration process.
When you apply for an E-2 visa, you need to state how much has been invested in your business. This can be calculated easily when you purchase a business that already exists. Your purchase and closing statements will be acceptable proof. You can also document easily the funds being transferred for the purchase.
If you start a business from scratch, you would need to lease property, buy all of the equipment needed for the business, obtain insurance policies and make any improvements before applying for the E-2 visa.
This is a difficult decision, so you will need the help of a Scottsdale immigration attorney. It might be harder to start a new business than purchase an existing one, but if starting a new business is the better option for you, you must look into doing that. An immigration lawyer Scottsdale helps people get approved for E-2 visas whether they purchase existing businesses or start their own, and an immigration lawyer Scottsdale, AZ can help you too. Contact us at the Law Office of Jared Leung today.