Many chefs and restaurateurs from around the world know that
buying a restaurant can be a great way to enter the U.S. and obtain an
immigrant visa. By making a substantial investment into the U.S. economy foreign
investors are granted permission to live and work in the U.S. for extended
periods of time. Florida with its great weather, beautiful beaches and robust economy
has become a destination place for foreign nationals who are making
acquisitions on both the West & East Coast to accomplish their dream of
coming to American and buying a Florida Restaurant for sale and obtaining an
There are several options available but the E2 and EB5 are
the most poplaur. The requirements and benefits of each are different so it is
important that a prospective buyer check with a competent immigration attorney
to see which might be the best option. There are also different restrictions
depending on which country the immigrant is coming from.
The E2 visa usually requires the lowest investment and many
E2 visas get processed with as little as $100,000 U.S. dollars being invested. The challenge with the low investment for the E2
is often finding a restaurant for sale that has clean books and records where the
income can be proven on tax returns. It is important that the restaurant being
acquired for a visa is profitable and that it is a viable business enterprise. The
lack of tax records can sometimes be overcome by providing a good business plan
where detailed financial information about the restaurant for sale is
presented. The drawback with the E2 is that it has to be renewed every 2 years
and it does not offer a clear, permanent path to U.S. residency.
The EB5 visa usually requires a significantly higher
investment. Again it is always best to check with an immigration attorney but
the general guidelines for the EB5 visa is a minimum of $500,000 U.S. dollars
being invested, the restaurant being acquired for the visa should be able to
support 10 or more employees and some management staff is helpful. The benefit
to the EB5 is that it is a more permanent path to a green card and U.S.
whether it is an E2 visa or EB5 visa the path to U.S. residency by buying a
restaurant and obtaining a visa is a great way to be able to live and work in
the U.S. IF you are specifically looking at buying a restaurant in Florida
please visit restaurants
for sale in Florida.