How best to get an E-2 Visa

Old Oct 8th 2004, 1:44 pm
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Red face How best to get an E-2 Visa

I have been seriously looking at buying a business in Hawaii as a means to live and work in paradise. I have looked at the H1B visa and all the others but think that the E-2 visa is my best bet.

I can afford to invest about $60,000 (with no borrowing) in an existing business. I am confused as to the best way of doing this. I know that you have to have the funds commited etc etc, but if I did this from the UK I would have to either a) Sell my house and live with my mum/family or b) borrow the money to commit and repay it when I have sold my house.

Or would it be best to sell everything up, move to Hawaii rent accommodation for 6 months (or shorter term) and look/apply for businesses/E-2 visa when I have arrived? but then this is risky as well.

Some of the businesses I have looked at seem suitable in as much as I can afford them ($50-75K) and they employ between 3 and 10 staff already.

How long does it take to a) buy a business and b) received E-2 visa?

Any ideas? anyone ever taken this route?

All information will be gratefully received.
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Old Oct 8th 2004, 1:53 pm
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Default Re: How best to get an E-2 Visa

Originally Posted by ZimBabe
Any ideas? anyone ever taken this route?

All information will be gratefully received.
I might be wrong here, but I didn't think the business E visa got you a greencard to actually live here...though I'm sure someone will correct that if I'm wrong.
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Old Oct 8th 2004, 3:32 pm
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Default Re: How best to get an E-2 Visa

[QUOTE=ZimBabe]

Or would it be best to sell everything up, move to Hawaii rent accommodation for 6 months (or shorter term) and look/apply for businesses/E-2 visa when I have arrived? but then this is risky as well.

And what Visa would you use to do that?

anyway read all about it here, http://www.xsorbit1.com/users/florid...num=1070310874
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Old Oct 8th 2004, 6:46 pm
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Default Re: How best to get an E-2 Visa

Originally Posted by Bob
I might be wrong here, but I didn't think the business E visa got you a greencard to actually live here...though I'm sure someone will correct that if I'm wrong.
I have read that as long as the business is doing well and progressing, you dont need a green card. I have to show intention at the end to return to Britain. A lot of the websites say I can live in the USA on an E-2 Visa to run my business, starting with say a 2 year E-2 visa with the possibility of extending it?
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Old Oct 9th 2004, 3:21 am
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Red face Re: How best to get an E-2 Visa

Originally Posted by Ray
Basically for a E-2 you will need about a mimimum $100k investment.
The business will either get a 2 or 5 year at the start.
you would need to travel to your destination on the VW for 90 days
Do not apply for a B-2..
find a business to purchase.. check it out carefully..
Sign a contract subject to getting visa
return to the UK ..and file for E-2
go to interview ..get visa
move there then... That the real basics.. there is a lot more involved
Bearing in mind you will need to get somewhere to live, car and a multitude of other things you really need more capital behind you..
Correct!!! you do not need nor can you get a green Card on this visa ..If the business fold ..your out..
a good site for more info is a London based E-2 specialist ..unfortunately its offline today but try next week www.investorvisausa.com/

Thank you so much for your help, I would love to have more capital, but the way the property market is here at the moment it is unlikely I will be able to scrape together even another £5K.

I did wonder though if I bought a service business for around $60-70K and it already employed around 5-10 employees that this might off-set the fact that I hadn't spent $100K or more on purchasing the business. Some of the websites I read say that the INS (???) will off set various things etc etc. As well as the fact that I would be buying the business by myself and moving to Hawaii on my own. The business would also be generating at least $50K owner income / profits?

I would like to think that these things would stand me in good stead for having an application accepted. But still have problem of financing while still living in home with equity?

Thanks again, more opinions greatly appreciated. I am 27 and don't want to be naive about these things.
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Old Oct 9th 2004, 10:29 am
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Default Re: How best to get an E-2 Visa

Originally Posted by ZimBabe
Thank you so much for your help, I would love to have more capital, but the way the property market is here at the moment it is unlikely I will be able to scrape together even another £5K.

I did wonder though if I bought a service business for around $60-70K and it already employed around 5-10 employees that this might off-set the fact that I hadn't spent $100K or more on purchasing the business. Some of the websites I read say that the INS (???) will off set various things etc etc. As well as the fact that I would be buying the business by myself and moving to Hawaii on my own. The business would also be generating at least $50K owner income / profits?

I would like to think that these things would stand me in good stead for having an application accepted. But still have problem of financing while still living in home with equity?

Thanks again, more opinions greatly appreciated. I am 27 and don't want to be naive about these things.
What sort of business hand you in mind ???? I cannot think of any business that already employs 5-10 people that could be had for $65K
And don't forget that legal and business accounting fees could add up to $10k
before purchase...
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Old Oct 9th 2004, 10:06 pm
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Wink Re: How best to get an E-2 Visa

Originally Posted by MightBe
What sort of business hand you in mind ???? I cannot think of any business that already employs 5-10 people that could be had for $65K
And don't forget that legal and business accounting fees could add up to $10k
before purchase...
I have seen a Carpet cleaning company for $59K that employs 1.5 people
A Coffee shop for $65K that employs 3 people, A Gallery for $65K that employs 3 people and a Fitness Centre that employs 3 people. I am more interested in the food and beverage companies as I believe I can expand the business quickly.

I have been quoted £3,000 +Vat to acquire an E-2 visa by a london company but am unsure about the best way forward. I know that I will have numerous other fees to contend with like finding somewhere to live in Hawaii, buying a car and normal running fees of the business.

I suppose I am just looking for reassurance from people who have done this in in the past. I really want to do it but am scared. I suppose I should get off my arse and make something happen. I should write a list of costings and speak to business brokers, solicitors etc etc. But having someones personal experience would put my mind at rest.

XXXXXXXXXXXXX
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Old Oct 10th 2004, 2:18 am
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Default Re: How best to get an E-2 Visa

I have not seen that many E2 questions on this Board, the only one I can think off was B&B where of course the Capital investment was much higher.

The link I gave was to a Board specifically for E2, Florida focused and there will be State variations but most principals will be the same.

Ideally I guess you would want to work in the Business area in question so you can get a good feel before commiting. But that would be impossible in most cases. I would feel ripe to be had without local experiance.

Otherwise I think I would want to have UK experiance in that area. Just keep thinking of all the big UK companies that have got it wrong in the US market, M&S for example. It is not the same even if the language is similar.

There are 4 Business's in my Town, pop 2,000 which are Coffee based, I often wonder how they all make money. There were 2 Florists but one just closed.
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Old Oct 10th 2004, 10:38 am
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Default Re: How best to get an E-2 Visa

Originally Posted by Ray
Go to the forum that Boiler gave you
http://www.xsorbit1.com/users/floridadays/index.cgi
Have a read up on the E-2 section ..lots of info there...
its run by a really nice guy..or so my wife says..
Thanks!!!

Have read it from top to bottom and its fabulous! Have posted first question and Bio.

Thanks again.
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Old Oct 10th 2004, 6:03 pm
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Default Re: How best to get an E-2 Visa

On Sat, 09 Oct 2004 06:46:31 +0000, ZimBabe wrote:

    >
    >> I might be wrong here, but I didn't think the business E visa got you
    >> a greencard to actually live here...though I'm sure someone will
    >> correct that if I'm wrong.
    >
    > I have read that as long as the business is doing well and progressing,
    > you dont need a green card. I have to show intention at the end to
    > return to Britain. A lot of the websites say I can live in the USA on an
    > E-2 Visa to run my business, starting with say a 2 year E-2 visa with
    > the possibility of extending it?

Yes, that's true. But it may be a dead end. A couple months ago (maybe
years by now) somebody posted here in desperation because they wanted to
retire after having run a business in the US on an E-2 for well over 20
years. They were left with essentially no option but to get uprooted. It's
one thing to move to a country for a few years, but spending your whole
working life there in anticipation of getting kicked out when you retire
is quite another.

Plus, of course, if your business doesn't do well, you have nothing to
fall back on. You won't be able to take a second job to make up for income
shortfall.

So do think carefully about it. It may be the right thing for you, but do
be aware of the implication. Don't rush into it.

--
Remember, I am strictly a layperson without any legal training. I encourage
everybody to seek competent legal counsel rather than relying on usenet
newsgroups.

Please support H.R. 539, H.R. 832 and S. 1510. More information at
http://www.kkeane.com/lobbyspousal-faq.shtml

Please visit my new FAQ at http://www.kkeane.com (always under construction)

My email address in usenet posts is now invalid for spam protection. See
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Old Oct 12th 2004, 5:16 pm
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Default Re: How best to get an E-2 Visa

As Ray says I am a young single woman and I am hoping to marry someone before I grow into a sad and bitter old woman with just my two cats for company.

XXXX

Otherwise hopefully I will die surfing or doing something fun in the sun, rather than having a heart attack at my desk in England from stress!
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Old Oct 12th 2004, 6:22 pm
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Default Re: How best to get an E-2 Visa

On Tue, 12 Oct 2004 23:52:48 +0000, Ray wrote:

    >
    >> On Sat, 09 Oct 2004 06:46:31 +0000, ZimBabe wrote:
    >> >
    >> >> I might be wrong here, but I didn't think the business E visa got
    >> >> you
    >> >> a greencard to actually live here...though I'm sure someone will
    >> >> correct that if I'm wrong.
    >> >
    >> > I have read that as long as the business is doing well and
    >> > progressing,
    >> > you dont need a green card. I have to show intention at the end to
    >> > return to Britain. A lot of the websites say I can live in the USA
    >> > on an
    >> > E-2 Visa to run my business, starting with say a 2 year E-2 visa
    >> > with
    >> > the possibility of extending it?
    >> Yes, that's true. But it may be a dead end. A couple months ago (maybe
    >> years by now) somebody posted here in desperation because they wanted
    >> to
    >> retire after having run a business in the US on an E-2 for well over
    >> 20
    >> years. They were left with essentially no option but to get uprooted.
    >> It's
    >> one thing to move to a country for a few years, but spending your
    >> whole
    >> working life there in anticipation of getting kicked out when you
    >> retire
    >> is quite another.
    >> Plus, of course, if your business doesn't do well, you have nothing to
    >> fall back on. You won't be able to take a second job to make up for
    >> income
    >> shortfall.
    >> So do think carefully about it. It may be the right thing for you, but
    >> do
    >> be aware of the implication. Don't rush into it.
    >
    > But Ingo.....She is a single women !!!!!!!!!!

True, single people have some advantages in dealing with the curveballs
that life can throw you (as well as some drawbacks). Overall, I would tell
her the same thing, regardless of whether she is a single woman or has a
family. One advantage as a single person is that you may end up finding a
boyfriend and having marriage to fall back on.

    > Good to see you back..

Thanks! Life has been... interesting lately. Fortunately, mostly on the
upside. I'm not sure if I'll be around as much as I used to be.

--
Remember, I am strictly a layperson without any legal training. I encourage
everybody to seek competent legal counsel rather than relying on usenet
newsgroups.

Please support H.R. 539, H.R. 832 and S. 1510. More information at
http://www.kkeane.com/lobbyspousal-faq.shtml

Please visit my new FAQ at http://www.kkeane.com (always under construction)

My email address in usenet posts is now invalid for spam protection. See
my Web site for information on how to contact me.

Please feel free to enjoy some of my photographs at my Web site
http://www.ingopakleppa.com ! Comments are welcome.
 

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