Everything Immigrant Entrepreneurs Need to Know to Get Started

Everything Immigrant Entrepreneurs Need to Know to Get Started

The American dream is one that people come from all over the world to experience. Yet many immigrant entrepreneurs struggle to legally run a business in the U.S. The more you know about the subject, the less likely you are to struggle. So before you decide to run your own business, it is important to know what to expect when starting out.

Obtaining A Visa

The first step to legally running a business in America is to obtain a Visa. As an immigrant, you have a few choices when it comes to the work visa you apply for. These include H1-B, L1-A & L1 – B, E1 & E2. The H1-B is the visa to apply for if you only intend to work in America on a temporary basis.┬áTo qualify for this visa, there is a significant chance you will need to hold a bachelor’s degree. This visa is generally sought out by those who want a technical job.

The L1-A is meant for those in executive and management positions who are transitioning to a U.S.-based company. The L1-B is meant for those who are transferring to a U.S. company in a position where they need specialized knowledge of a particular subject, including management, research, product, equipment, services, and internal company processes.

E1 and E2 visas are far less common. They are only used in certain countries. These visas are granted to immigrant entrepreneurs who want to launch their own U.S. businesses. You can also qualify for one if you have a position lined up with a business already operating in the U.S.

 Launching Your Business

It is not unusual for immigrant entrepreneurs to open a business where they sell the goods of their home country. Many have found success using this formula. However, it can’t hurt to try to localize your business idea so that customers from other cultures are attracted to it. But you also have to take into consideration that launching a business can be a time-consuming process in the U.S.

Immigrant entrepreneurs seeking additional advice are encouraged to contact Diamond Capital Financing.