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The
following are some of the common questions asked of
us. Should your question not appear or should you require
additional explanation, contact us by e-mail and we
will respond to your indivdual concerns.
Question:
Why should we contact an office in Europe if we want
to buy a business in the US?
Answer : The PBBI International Office was established
specifically for this purpose. We will be able to assist
you better because we understand both European and American
business mentality. We will guide you through all possible
problems and misunderstandings. And because we are only
dealing with the international buyers we can spend more
time to your requests. US buyers we send to our Florida
offices..
Question:
How much money do I need to be able to buy a business
in the US and to immigrate?
Answer: You must have a minimum of $ 100.000
to meet the visa requirements.
Question:
I read on several Internet sites different amounts,
what is the reason for this?
Answer: There is no official amount set. The
requirement reads that the investor is to invest a "significant"
amount. That amount can be lower or higher, depending
on the size company being purchased and is in direct
relationship to the purchase price. Furthermore, INS
will expect additional financial reserves in order to
better ensure success. They will factor in moving and
visa costs in addition to all of the business acquisition
and setup costs.
Question:
Can I get a loan for the purchase of a company?
Answer: A loan from a bank or other financial
institution requires a credit history in the United
States. If you have established credit within the USA
and you are purchasing a business with a real estate
component, you may be able to qualify for a conventional
loan in the amount of 70% of the FMV of the Real Estate.
Otherwise, it will take approximately 2 years of good
credit history in the USA before a lender will accept
your loan application. SBA Financing is no longer available
to immigrants without a Green Card leaving financing
through the Seller as generally the best option and
the best terms.
Question:
Is the earlier-mentioned $ 100.000 sufficient to buy
a business and to meet the visa requirements?
Answer: Not usually. There are many criteria
that USCIS will review in order to approve or reject an
application. Along with the "significant"
investment and the ability to provide jobs, the business
must be capable of providing you with an income that
will allow you and your family to live a lifestyle equivalent
to that you enjoyed in your native country. In Florida,
that can be as low as $40.000 to $50.000 per year. In
general, to meet this requirement, you have to buy a
business for $135.000 / $150.000 or more, depending
on the type of business. Therefore, if you invest $100.000
the balance has to be financed (see question above).
Furthermore, you also need money for the visa attorney,
accountant for the due diligence, lawyer, deposits,
etc. This averages between $10,000 and $15,000
Question:
Can you offer business in the entire US?
Answer: Yes, because our offices are in Florida,
we have direct access to more listings in Florida. However,
we are able to offer businesses throughout the US by
cooperating with brokers in those states.
Question:
Do you charge a fee for your service?
Answer: In general not, but there are some exceptions.
Small businesses and for example businesses in an other
State may require a fee. We will be happy to give you
all information upon request. Also, to ensure the buyer is serious about buying a business and moving to the US we are asking to place a deposit on our account. This money will be returned at the moment a business is purchased.
Question:
What does PBBI offer us over other business brokers?
Answer: Most business brokers are not knowledgeable
about immigration affairs and are not interested in
working with international buyers. The lengthy process
of Visa application discourages many brokers and sellers
from working with international buyers. With almost
10 years of experience we have established procedures
and relationships that will make your experience easier
and with less risk. We work with you to find a business
that will meet the visa requirements and help you with
the entire process. Requirements for the application
include tax returns from the business, business plan,
financing (if necessary) etc.
Question:
If you say that we meet the requirements, what are our
chances of obtaining a visa?
Answer: We closely examine both seller and buyer
information and are in close contact with the visa attorney
before a visa application is submitted. We have submitted
all levels of difficulty and to date have a 100% success
rate with approvals.
Question:
Will my spouse be allowed to work outside of the company
if we get a visa?
Answer: Yes, this is a recent change made by
INS. However, the Investor cannot be a paid employee
of another company.
Question:
Do we have to buy the business if the visa is rejected?
Answer: No, we will protect you for this in the
contract.
Question:We are working with an other broker and attorney and our visa is rejected (or other problems), can you help us?
Answer: No, you have to work this out with your broker or attorney. We can help you with a new business and new visa application but if you have problems with an other broker or attorney we can not help you.
Please
Contact Us if you have additional
questions
Some additional info on E2 visa
Some additional info on L1 visa
Become a Permanent Resident Based on Investment
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