I have FedEx routes. It is an independent business with a contract to FedEx to deliver packages in different areas of the city. I hold four different cities in the San Francisco area. I am interested in selling a small part of my business – can I sell it to EB-5 investors to be part of their direct investments? How does the procedure work? What should be my first step toward finding interested EB-5 applicants?
Answers
Bernard P Wolfsdorf
Immigration AttorneysSelling your business is not likely to fit the EB-5 model unless it is a troubled business sustaining losses because the critical requirement is that the investment of $1,050,000, or $800,000 if qualifying for the reduced amount, must directly, or in the case of a regional center affiliated entity, create 10 full time jobs. If the investment creates the necessary jobs, you may have a viable case, but even then there are obstacles since they want to see a newly restructured and reorganized business.
Lynne Feldman
Immigration AttorneysUnless you set up as an approved Regional Center, only one investor can invest in your project.
F Oliver Yang
Immigration AttorneysPossibly yes, but it will be very difficult given the current market conditions. Could be a good E-2 project.
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