Buying a Company in the US Without a Work Permit: Navigating Legal and Visa Requirements

Many individuals from abroad dream of owning a company in the United States. However, one common concern is the need for a work permit. Surprisingly, owning a company does not require a work permit, but performing work for the company within the US borders does. If you're considering purchasing a company in the US, understanding the legal and visa requirements is crucial.

Can I Buy a Company in the US Without a Work Permit?

Yes, you can buy a company in the U.S. without a work permit. The key is that once the company is established, you can manage it and even reside in the US as an investor, but you cannot perform work for the company within the U.S. borders. You are free to work for the company internationally, but not in the U.S. itself.

Investment Visas: EB-5 and E2 Options

Buying a company can come with the potential for an immigration benefit. If your investment is substantial, you might qualify for an EB-5 visa, which is an investment green card. This visa allows you to live and work in the U.S. However, because the EB-5 program has gained popularity, there are now quotas on certain countries with a high number of pending applications. For instance, India faces a quota and waiting list, while countries like New Zealand and Australia have fewer applicants and are not subject to quotas.

An alternative is the E2 visa, which is not a green card but allows you to live in the U.S. while managing your business. This visa is easier to obtain compared to the EB-5 visa because the investment threshold is lower, and you just need to be from a qualifying country that has a treaty with the U.S.

Other Considerations

If you do not qualify for the EB-5 or E2 visas, another option is to hire someone to run your business for you. This can be costly but provides flexibility. Additionally, if you want to inspect the company or visit the US to ensure everything is running smoothly, you can apply for a B1/B2 visa. This visa is conditional and non-immigrant, allowing you to stay temporarily in the U.S. but not to work.

Conclusion

In conclusion, you can purchase a company in the U.S. without a work permit, but you must navigate the complex landscape of visas and residency requirements. The EB-5 and E2 visas offer lucrative opportunities, but understanding the eligibility criteria is essential. If you're not serious about purchasing a company, you won't find the necessary information online, as Google provides clear and detailed answers to such questions. If you do intend to invest, ensure you research and understand the legal requirements to succeed.

By carefully considering these options and requirements, you can make an informed decision about purchasing a company in the U.S., regardless of your current employment status.