Talk on the Street
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Franchising is a popular ways foreign investors are gaining access to the coveted Green Card. And franchising experts All State Franchise Finders can help.
What is an EB-5 Visa?
An EB-5 Visa is one of the few ways a foreign investor can gain legal permanent residency into the United States, gaining themselves the popular and coveted Green Card. The EB-5 Immigrant Investor Visa Program was first introduced back in 1990 and has recently been extended under the new Trump Administration. The aim of the EB-5 Visa program is to encourage foreign investment and economic growth in the U.S.
An employment based (EB) program, the EB-5 Visa requires the foreign investor to invest in a business that does, or will, employ at least 10 American employees. While the investment requirement is a minimum of $1 million, if an investor chooses a more rural area to invest in, with a higher unemployment rate, the investment requirement is significantly reduced by half, meaning a foreign investor only need invest $500,000 to meet EB-5 requirements and gain permanent residency.
Franchising the Popular Way to Gain EB-5 Visa Status
Immigrating to a foreign country can be a daunting task, with differences in language, culture and economy. Starting a business in the midst of these differences can be even more daunting.
For this reason, many choose to invest in a franchise opportunity. A franchise business understands the local market, offers an already established brand and generally has a proven record of success in business.
“While an immigrant investor may be very successful in their country of origin, moving to another country to run a successful business is not often an easy thing to achieve,” says Derek Cafferata, CEO and President of All State Franchise Finders. “A successful and well-established franchise offers far greater chances of success and reward for any new immigrant.”
It is not enough to start a business to gain EB-5 Visa entry into the United States. In order for the Visa to be renewed, the business must remain successful and thriving.
Derek believes brand awareness, corporate reputation, set-up support, ongoing training and support and a proven business model are the reasons why buying into an established franchise is the wisest way to gain, and retain, EB-5 Visa entry into the U.S.
All State Franchise Finders
All State Franchise Finders, with more than 30 years’ experience in the franchising industry, have the knowledge and expertise to help guide immigrant investors through the process of selecting and purchasing the right franchise to suit their business needs and EB-5 Visa requirements. For more information about franchising in the United States, contact All State Franchise Finders on 1-800-544-2161 or visit allstateff.com. All State Franchise