Asked in Business Formation and Immigration Law for Arizona

Q: Hi There ! My question is that if I buy a business worth $250,000 and have 5 employees. Can get GC using this?

This is a business I am trying to buy and apply GC based on this business 5 employees. $250,000 is the cost.

1 Lawyer Answer
Carl Shusterman
Carl Shusterman
  • Immigration Law Lawyer
  • Los Angeles, CA

A: You may be able to qualify for an E-2 visa if your country has a treaty with the US which permits this.

However, you would not qualify for a green card. See below:

EB5 – stands for employment based 5th preference immigrant visa category. This visa category is allocated to foreign investors with the Congressional intention to stimulate U.S. economy. Program EB-5 represents a unique opportunity for foreign investors (“FN”) to U.S. permanent residency (“green cards”) with minimum requirements and restrictions in comparison to other types of visas.

U.S. law allows for conditional residency for persons who, after Nov. 29, 1990, invest $1,000,000 (or under certain circumstances $500,000) in a new commercial enterprise that employs 10 full-time U.S. citizens or authorized immigrant workers and engage in the business through day-to-day management or policy formation.

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