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Posted: November 20th, 2014 | Author: Chris Jaensch | Filed under: Business Opportunities, Investor Visas, Sarasota Immigrants | Tags: Business for Sale, E-2 Investor Visa, E-2 Investor Visas, EB-5 Investor Visa, EB-5 Visa, Eb-5 Visas | No Comments »
Business purchase opportunity–A client of the law firm has asked us to post the following information about the sale of an ice cream and sweet shoppe:
After recently receiving her green card, the owner is wishing to sell her business in Southwest Florida. The business is a well-known national ice cream franchise and confectionery business, located in a mall and anchored by major tenants.
This shoppe offers customers an impressive selection of fine confections and ice cream, all in an enjoyable, service-oriented atmosphere and is designed to give a warm welcome and a nostalgic nod to the good ol’ days of old-fashioned sweet shoppes. From fine chocolates, handmade fudge, and caramel apples, to their own original recipe ice cream, the shoppe offers a selection of quality confections.
Annual revenues are $400,000, allowing the owner to have a salary of $75,000 (including benefits). Low staffing requirements. Equipped with full remote camera monitoring system. Appliances and leasehold improvements are in excellent condition. The business is well-suited for a couple working part-time. Owner is willing to train Buyer on operations. Priced between $450,000-$550,000.
For franchises, this shoppe offers a successful, modern business backed by years of experience.
For more information, please call (514) 947-1993 or e-mail email@example.com.
Posted: July 17th, 2013 | Author: Chris Jaensch | Filed under: Investor Visas | Tags: Buy Business Sarasota, EB-5 Visa, New Business for Sale | 2 Comments »
Sarasota business broker Rita Barbato recently shared news that she is listing a business for sale that could help the potential buyer qualify for an EB-5 Visa, an automatic green card.
Business Broker Rita Barbato BSEE, CM&AA
Rita Barbato is a recognized leader in the business brokerage industry and a skilled negotiator with many years of experience. She is known for her dedication, persistence and energy. Her degree in engineering combined with entrepreneurial and international experience are of tremendous benefit to her clients. When you work with Ms. Barbato you will understand why 90% of her clients are referred by someone she has worked with before.
Packaging Co. Available for acquisition for EB-5 Visa
An immigrant may obtain an EB-5 Investor Visa by investing at least $500,000 in a commercial enterprise in a designated high-unemployment area or by investing at least $1 million in a commercial enterprise that is not in such an area. The investment must lead to the creation of at least 10 new American jobs to qualify the investor for the visa. The investor must prove that the money was legally earned and must still have the money invested after two years. In addition to investing in individual businesses, some investors chose to invest in regional centers which pool and manage the money and undertake the work of creating the requisite number of jobs.
Other articles in Investor Visas:
Posted: December 19th, 2012 | Author: Chris Jaensch | Filed under: National News | Tags: EB-5 Investor Visa, EB-5 Visa, United States Citizenship and Immigration Services | No Comments »
The latest EB-5 news reports that adjudication of EB-5 visa applications will be moving to Washington, DC.
On December 3, 2012, U.S. Citizenship and Immigration Services (USCIS) Director Alejandro Mayorkas noted on a stakeholder conference call that within four to six months, EB-5 responsibilities will be moved to Washington, DC, under a new EB-5 Program Office. The chief of the new office will report to the USCIS Deputy Director. According to unofficial reports on the call, Director Mayorkas said a goal is to move toward a more dynamic, direct e-mail relationship between adjudicators and the public, and to move away from the current “request for evidence” model. The new EB-5 Program Office will handle adjudications, legislative affairs, and policy, in addition to having full-time staff devoted to identifying fraud.
In other news, USCIS released the latest DACA statistics on December 13. As of that date there were 367,903 submitted applications of which 355,889 were accepted. There have been a total of 336,464 biometrics scheduled and there are 157,151 cases under review. Of the total applications that were submitted, only 102,965 have been approved. This means that only 27.9% of cases have been approved thus far. To see the most updated graph, please see here.
Posted: October 26th, 2012 | Author: Michael Marquet | Filed under: Employer & Student Visas, Investor Visas | Tags: Chilecon Valley, E2 Visas, EB-5 Investors Florida, EB-5 Visa, H1-B Visas, Start-up Chile | No Comments »
Recent articles in “The Economist” point out the fact that America is losing its competitive advantage when it comes to attracting global talent. Countries such as Canada, Australia, and Singapore are making it easier for foreign nationals to enter and set up a business. In America, the immigration process is rife with inconvenience and uncertainty. The number of visas available for skilled workers, or H1-Bs, has decreased from 100,000/year in 1999 to 65,000/year. Green Card processing time has increased from as little as 18 months in the 1980s to up to 10 years. Unlike other countries who have special visa categories for entrepreneurs, America has no such entrepreneurial visa.
Even Chile is doing more to attract global talent. The small Latin-American nation has a new program, called Start-up Chile, that selects young firms and gives their founders the equivalent of $40,000 and a visa for one year. The idea is to raise Chile’s profile as a hub for entrepreneurs and to foster entrepreneurialism among Chileans. The program aims to bankroll 1,000 new companies by the end of next year. Does anything like this exist in the United States? No.
There are some options but they are circuitous and difficult, and there is never a guarantee of success. One is the H1-B visa. This visa is for skilled workers who are hired by U.S. companies. But it is temporary and it’s validity is tied to the applicant’s original job. If an H1-B immigrant wishes to apply for permanent residency they must keep their original job while they wait for their Green Card to be issued, which can take up to 10 years. If the immigrant finds a better opportunity or wishes to start a new business they lose their H1-B status.
Another option for enterprising foreigners is the E2 Investor Visa. To qualify, a prospective immigrant must invest a “significant” amount of money in an existing business or start a new business that promises to support the immigrant and employ Americans. This is a good option for entrepreneurs but not every immigrant with a good idea has enough capital to start a new business upon arrival in the U.S. In contrast, Start-up Chile is lending capital to promising companies upon arrival.
In today’s global economy, powered by the internet, businesses can serve their customers from anywhere. Entrepreneurs are searching globally for attractive locations for their start-ups. Basic infrastructure, peace, and a relatively wealthy and educated population are all elements for prosperity that make the United States attractive to foreign investors and entrepreneurs. But our complicated immigration system is turning into a disadvantage, especially as other nations with the same basic elements for prosperity are making it easier to immigrate there and start a business. The United States should do more to enable foreign entrepreneurs to see their dreams come true here.
Posted: October 12th, 2012 | Author: Chris Jaensch | Filed under: Investor Visas | Tags: Astor Hotel Renovation, EB-5 Visa, EB5 Visa, Investor Visas | 1 Comment »
A South Florida hotel project is seeking funds from foreign investors who want to live in the United States. A group renovating the 42-room Hotel Astor in Miami Beach aims to raise $5 million from 10 foreign investors — or $500,000 each — through the U.S. employment based visa program called EB-5.
Those investors will get equity in the Art Deco gem and can sign up Aug. 17 through Sept. 30.
A different group of developers had looked to EB-5 investors to raise $75 million for construction of the 17-story, 349- room Margaritaville Hollywood Beach Resort. But their efforts failed, leaving the future of that project uncertain.
It is believed that a $5 million goal for the Astor’s renovation is achievable, because the amount needed is smaller, the Art Deco hotel well established and South Beach better known for investment than Hollywood beach.
EB-5 investors in the Astor project will most likely come largely from Colombia, Venezuela and other South American nations, whose affluent residents are familiar with Miami Beach.
Renovation of the Astor, located at 956 Washington Ave., is expected to create 110 direct jobs. To qualify for U.S. residency visas, EB-5 investors must create 10 jobs each in the United States.
Contact David J. Hart for more information: 305 577 9977 or firstname.lastname@example.org.
21 SE First Avenue
Miami FL 33131
Posted: September 20th, 2012 | Author: Chris Jaensch | Filed under: National News | Tags: E-verify Immigration, EB-5 Visa, EB5 Florida, Eb5 Regional Program | No Comments »
Congress Extends Four Immigration Programs for Three Years
Sarasota Immigration Attorney P. Christopher Jaensch
Congress has extended four immigration programs for three years, to September 30, 2015. The programs are the EB-5 regional center program, the E-Verify program, the special immigrant religious worker program, and the Conrad State 30 J-1 visa waiver program for certain foreign doctors working in medically underserved areas.
The Senate passed the extenders bill (S. 3245), as it was called, in early August. The House of Representatives passed the bill on September 13 by a vote of 412-3. The bill now goes to the President for signature.
Congress is unlikely to pass any other immigration bills before the November elections. According to one newspaper article, this session of Congress “is on track to be the least productive in modern history.” Major immigration reform will have to wait until 2013.
The full text of S. 3245 is available here.
Posted: August 5th, 2012 | Author: Chris Jaensch | Filed under: National News | Tags: EB-5 Investors Florida, EB-5 Investors Sarasota, EB-5 Visa | No Comments »
08/03/2012: Senate Passed Three-Year Extension of Four Sunsetting Immigration Programs
- Yesterday, the Senated passed S.3245 [S. 3245.ES} as amended by unanious consent. This bill proposes to extend by 3 years the authorization of (1) the EB-5 Regional Center Program, (2) the E-Verify Program, (3) the Special Immigrant Nonminister Religious Worker Program, and (4) the Conrad State 30 J-1 Visa Waiver Program for foregin medical graduates. Wonderful!
- This bill initially proposed to make these programs “permanent,” but the amendment was passed just to extend for three years until September 30, 2012. This bill was introduced by Senator Leahy of Vermont and co-sponsored by Senator Chuck Grassley of Iowa, but the amended version was co-sponsored by three Senators, Sen. Grassley, Sen. Hatch, and Sen. Rand. This bill now moves to the House. The House is expect to pass it, but should the House fail to pass it, it will certainly be passed as part of stop-gap funding bill before October 1, 2012.
Posted: July 24th, 2012 | Author: Chris Jaensch | Filed under: Investor Visas | Tags: $500, 000 Visa, EB-5 Visa, Investor Visa | No Comments »
The Last Days Of EB-5?
With just ten weeks left until the sunset date for the EB-5 program, Jaensch Immigration Law Firm wants to encourage discussion on this topic, both because of its importance to our nation’s economy but also because of how it is indicative of our legislative branch’s lethargy. Congress must act on or before September 30th to prolong the program; if they do not, USICS will lose the authority to grant immigrants’ petitions and thus deprive American business ventures of the investments they need.
Between the present and September 30th, Congress only has about four total weeks while it is in session; two now and two in September. Thus, there should be a sense of urgency to get this program reapproved NOW! While the EB-5 program has almost lapsed and, indeed, even did lapse once in the past, the U.S. economy was never in the dire straits which it today finds itself. Congress should be doing everything it can to spur the U.S. economy and help out-of-work Americans find jobs, particularly those in blue collar jobs, which are the majority of the jobs EB-5 development projects create. Congress’ unwillingness to act affirmatively on this program is especially disturbing because there is almost unanimous support for it on both sides of the aisle. In other words, there is no real risk that the program permanently disappear, but this is little consolation to those overseas who do not know the program’s history.
We urge any person considering applying for the EB-5 to do so as soon as possible. At least before the September sunset date for the program. If it lapses there is no telling when it may return. Such an opportunity should not be missed.