How can I run an EB-5 business with a TD visa? - EB5Investors.com

How can I run an EB-5 business with a TD visa?

I am currently in the U.S. on a TD visa. I purchased a foreclosed restaurant built in a TEA for $125,000. I plan to re-open this restaurant, operate it with the help from some restaurant franchisers, and create 10 to 12 full-time jobs. The total investment for property purchasing, renovation, franchising, legal services and staffing will reach $500,000. Do I qualify for a direct EB-5 investment? Can I run the business with my current TD status?

Answers

Ed Beshara

Ed Beshara

Immigration Attorneys
Answered on

You can direct a U.S. business on a temporary work visa until the authorized stay expires. Once you can show a total personal investment of $500,000 into the U.S. business, you can file the I-526 petition. You can continue operating the U.S. business while the I-526 petition is being adjudicated.

Bernard P Wolfsdorf

Bernard P Wolfsdorf

Immigration Attorneys
Answered on

No, you should get an E-2. TD is not a work visa. And $500,000 may not be adequate. The amount increases to $900,000 on Nov. 21, 2019 and $1.8 million if not in a TEA.

Salvatore Picataggio

Salvatore Picataggio

Immigration Attorneys
Answered on

Your TD does not permit you to work, and an EB-5 investment requires an "active management role." So you can probably make the investment but not work for the company. I&#39d want to discuss all the aspects of this plan with you and review the project carefully.

A Olusanjo Omoniyi

A Olusanjo Omoniyi

Immigration Attorneys
Answered on

A TD visa is a document that allows the spouse and children of a Canadian or Mexican professional to join. The TN employee is in the United States. As a TD visa holder you cannot work in the restaurant that you currently own or plan to buy soon until your status is changed. Thus, while your planned restaurant qualifies as direct investment, you cannot work in the business with your current TD visa and you must employ someone to operate and manage the business for you.

Hassan Elkhalil

Hassan Elkhalil

Immigration Attorneys
Answered on

Based on the facts you presented, you may be able to apply based on the numbers you presented. Remember, there are a lot more details that need to be addressed before you make a final decision.

Marko Issever

Marko Issever

EB-5 Broker Dealers
Answered on

According to the USCIS website, any accompanying or "following to join" spouse and children under the age of 21 may be eligible for TD non-immigrant status. Spouses and children are not permitted to work while in the United States, but they are permitted to study. They are granted TD status for no longer than the period granted to the principal TN non-immigrant. While you can certainly invest in the foreclosed restaurant built in a TEA, you cannot actively operate or manage the restaurant with your TN visa. You will need someone else who is authorized to work in the U.S. to manage this operation. Given the pending increase in the investment amount scheduled for Nov. 21, I am not sure that you will be able to get all the paperwork ready to qualify at the reduced $500,000 level, as you would need a compliant business plan and a clear course of action on job creation before you can file your I-526 petition to avoid an RFE or an outright denial. If you decide to move forward, you should immediately seek the sound advice of an experienced immigration attorney to guide you through the process.

Lynne Feldman

Lynne Feldman

Immigration Attorneys
Answered on

You cannot file the I-526 until the $500,000 is fully invested and this amount increases to $900,000 after Nov. 21, along with the implementation of other EB-5 rules. On a TD you are not authorized to work.

Jan Pederson

Jan Pederson

Immigration Attorneys
Answered on

I would suggest you obtain an E-2 visa. Note the EB-5 investment amount is increasing to $900,000 on Nov. 21, 2019.

Charles Foster

Charles Foster

Immigration Attorneys
Answered on

Your business plan may qualify for a direct EB-5 investment if it is deemed to be an investment in a new enterprise. Your TN status must be based on sponsorship by the new enterprise in a professional position named on Schedule 16 to the NAFTA agreement and not as a TD dependent.

Robert West

Robert West

Immigration Attorneys
Answered on

No, you have to hire someone who is authorized to work to run it.

BoBi Ahn

BoBi Ahn

Immigration Attorneys
Answered on

As a TD visa holder (dependent spouse of TN visa holder) you are not allowed to work while you are in the United States. You can invest in the business but will have to hire a manager to operate the business until you are authorized to work. Based on the info provided, the investment structure seems to qualify for EB-5 processing.

Belma Demirovic Chinchoy

Belma Demirovic Chinchoy

Immigration Attorneys
Answered on

TN dependents are not allowed to work in the U.S.

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