I plan to build a tech startup in a rural area for EB-5. Several people told me that it is very hard to convince immigration services that a business can create 10 jobs except building a hotel, a restaurant, especially a franchise. Has anyone had any success in helping a client with a business in a rural area? Would you please share what type of business it was?
Answers
Bernard P Wolfsdorf
Immigration attorneysCertain businesses such as hospitality are obviously good at job creation but no reason why a good tech company cannot create 10 jobs. If you are doing a direct business, be aware you may have to pay millions in wages, even if the business fails. Best to do a regional center project.
Lynne Feldman
Immigration attorneysAny type of business can qualify. You need to submit a business plan showing what jobs would be created in your particular business – they do not have to be professional jobs.
Julia Roussinova
Immigration attorneysDirect EB-5 needs to be accompanied by a comprehensive 5-year business plan that must be credible and establish how the business will create at least 10 full-time positions that will be allocated to an EB-5 investor. Please hire an experienced EB-5 immigration counsel.
Belma Demirovic Chinchoy
Immigration attorneysYou can commission a feasibility study and it can resolve this question for you. The obvious question is whether you will have adequate labor market in the rural area.
Micol Mion Gordon
Immigration attorneysYou need to establish the eligibility of the business to create 10 direct full time jobs via a business plan and an analysis conducted by an economist.
DISCLAIMER: the information found on this website is intended to be general information; it is not legal or financial advice. Specific legal or financial advice can only be given by a licensed professional with full knowledge of all the facts and circumstances of your particular situation. You should seek consultation with legal, immigration, and financial experts prior to participating in the EB-5 program. Posting a question on this website does not create an attorney-client relationship. All questions you post will be available to the public: do not include confidential information in your question.