How do I move my business to the United States?

Visa Necessity: To move your business to the US, you must obtain the appropriate visa . The US immigration process is complex, so it's advisable to seek guidance, especially for the US EB-3 visa, which is typically applicable for business purposes.

What is important when deciding where to relocate your company?

Financial Considerations. In the realm of business, every decision invariably ties back to its financial implications. The choice to relocate is no exception. While the potential for increased profitability in a new location may be tempting, it's essential to examine the financial landscape in its entirety .

When relocating an existing business what do you need to consider regarding the employees?

Consider what a move means in terms of employees' commuting time . Also think about whether they'll need to buy or rent a new home in your new location and if the cost of housing higher or lower in your new location.

What is a typical relocation package?

In executive relocation packages, all moving expenses are covered. Moving expenses include packing and shipping household goods up to 18,000 pounds, short-term or long-term storage, vehicle shipment, transportation expenses, home-finding visits for the employee, and temporary housing expenses.

How do you announce a business relocation?

We're Moving! 📦 [Company Name] is excited to announce that we are relocating to a brand-new office space. Effective [Move Date], our new address will be [New Address]. This move signifies our commitment to growth and our dedication to serving you better.

How long does it take to relocate a business?

Move – 1-6 weeks The relocation or renewal process can involve unexpected hurdles and frustrations along the way but allowing sufficient time really is one of the key components to getting it right.

How does the relocation of a business affect it?

The positive impacts include better access to customers, better expansion space, and reduced operating costs . Arguably, most business relocates to find new markets for their products and a location where it lowers its production cost.

What is a moving business called?

A moving company, removalist or van line is a company that helps people and businesses move their goods from one place to another. Moving companies may offer additional or all-inclusive services for relocations, like packing, loading, moving, unloading, unpacking, and arranging of items to be shifted.

Can you move to the US as an entrepreneur?

Entrepreneur Visa #5: International Entrepreneur Rule The International Entrepreneur Rule is a way for international entrepreneurs to temporarily live and work in the United States . The International Entrepreneur Rule is not a visa, it is a period of authorized stay granted by the Department of Homeland Security (DHS).

Should I register my business in the US?

If you conduct business as yourself using your legal name, you won't need to register anywhere . But remember, if you don't register your business, you could miss out on personal liability protection, legal benefits, and tax benefits.

Can I become a US citizen if I own a business?

If a foreign investor satisfies the requirements of the EB1C visa, they can either start a business in the USA or purchase an existing business and transfer themselves to the US company . The basic process of getting citizenship through EB1C looks like this: Get green card through EB1C --> 2. Naturalization.

Guide to Relocating Your Small Business to the US (2024)

What You Need to Know About Relocating YourSmall Businessto the US.

Starting any business is exciting, but can be especially challenging if it is coupled with immigrating to the US. In addition to all of the normal considerations anentrepreneurwould contemplate, including whether the business will be financially viable and any regulatory barriers, anybusiness ownerhoping to bring their business to the US faces multiple choices and obstacles.

If you have decided that there is a business opportunity in the US that you want to set up, you have a few options. If you wish to relocate yoursmall businessto the US, you will need to determine your path to gaining a work visa and permission to reside in the US.

You have several options for moving your business to the US including but not limited to the L-1A visa, the E-2 visa, and the E-B5 visa.

The L-1A Visa is appropriate if you have an establishedbusiness entity.

TheL-1A visaallows inter-company transfers so that individuals can come and work in the United States. Businesses often use it to establish a new office or branch in the United States.

The L-1A may be a good fit if:

Your business is established outside the US and is over 12 months old and employs greater than four people
You are looking for a possible path to a Green Card and citizenship
The business is going to continue operating outside the US
You and all of the employees that you are looking to move over are executives or managers (L-1A) or have specialized knowledge (L-1B)
You are ok with the term limits: L-1A visa is a maximum of 5 years; L-1B visa is a maximum of 7 years

The E-2 visa may be appropriate for younger businesses.

With anE-2 visa, you can start a new company in the United States and gain permission to live in the United States along with your spouse and dependents. Generally, the state department requires at least a $150,000 personal investment. One downside, however, is that this visa does not lead to permanent residency or citizenship.

The E-2 may be a good fit if:

Your business is less than 12 months old and fewer than 4 employees
You are not looking for a path to permanent residency or citizenship
You are going to direct and develop your business
The business is (or is not) going to keep operating outside the US
You need or want a quicker processing time
You have approximately $150,000-$200,000 of personal funds to invest depending on the industry
You are starting an active (non-passive, non-real estate) business

The E-2 visa allows an investor and their employees and families to live and receive work permits in the United States. E-2 visas do not have a quota. The investment required varies. Note that Indian and Chinese nationals can not apply for E-2 visas unless they are the spouse of an E-2 visa holder.

The EB-5 Visa may be a good fit for investors looking to start a new U.S. business.

TheEB-5 Visais a type of investor visa that can lead to permanent residency and citizenship. It is costlier than the E-2, requiring a larger up-front investment, and a guarantee that it will create at least 10 jobs.

The EB-5 may be a good fit if:

You have over $500,000 to invest in a new venture; $1,000,000 required in select areas
Your new venture will create over 10 American jobs
You are looking for a path to permanent residency or to becoming a US citizen for yourself and your spouse and children
You are ok with a slower processing time
You are ok with onerous rules and requirements

Similar to the E-2, if you get a loan for an EB-5, your personal assets must be at risk. The collateral for the loan can’t be the assets of the business.

A very important consideration is that once you get a Green Card (permanent residency), you will be subject to USincome taxon your worldwide income. For those with large sources of income outside the United States, this could be a strong deterrent against pursuing a permanent residency in the US.

If you don’t want to move to the US but you still want to Consider Relocating YourSmall Businessto the US, you can.

Anyone can incorporate most types of companies in the US. The US does not restrict who can own most types of US-based companies, so if you are a non-resident alien or a resident of a foreign country, you can own parts of or entire companies in the US. The US has two types of taxation for companies (pass through – as with alimited liability company(LLC) and double taxation – as with C Corporations), so it is important to consider the tax implications of the type of company you are forming in the US. An S-Corp is onetype of businessthat can cause issues for foreigners. Non-resident aliens can’t own S-Corporations.

A foreign company can also be the owner of a US company. It is relatively fast and easy to incorporate a company in the US and many services can help you prepare the legal documents – some can even do it in minutes. You may be required to appoint and pay for a “registered agent” to receive official government mail for your business. You’ll be able to open a business bank account which will make it easy to transact with customers. If you meet certain requirements, you may be able to open abusiness credit cardas well. Every state has different rules about companiesincorporatedand doing business in their states – be sure to follow these local laws and seek out the help of experts who can help you remain in compliance with regulatory andtax returnrequirements.

Pick the right location within the US for your business.

Different US states make it easier to start a business than others. Things you should consider includebusiness licensesandfranchise taxes. Some municipalities in the US try to make it very easy to start a business, offering tax benefits or additional grants and subsidies fornew businesses, particularly those that promise a certain number of jobs.

It’s also important to consider attributes of the area that arebusiness-friendly– are there sufficient customers? Is the city growing or shrinking? Does thisnew locationhave an adequate workforce with the talent that you need? How easy will it be to attract talent to relocate to work for your business? How is the city’s infrastructure – will you have the resources you need nearby? Is thecost of livingin thisnew locationsustainable for your family and your business? What is the overallquality oflifelike in this location?

Consider unforeseen obstacles that you may encounter when Relocating YourSmall Businessto the US.

It is also important to consider the fixed costs of the transition which may include things like moving your equipment and talent. You may encounter upfront regulations and costs in the US, including licensing and inspection requirements. You will also want to consider anytax obligationsyou may incur as a resident of two countries, or any exit taxes you will need to pay if you are leaving your home country behind. Plenty ofsmallbusinessownersdecide that the costs of bringing theirnew businessto the US are too onerous and opt instead to just sell over the border.

Interested in learning more about thesmall businessfinancing available to immigrants in the US? Check out thisguide tobusiness loansfor immigrants in the US.

Get Funding for your After Relocating YourSmall Businessto the US.

Whether you are thinking about bringing your business to the US or if you are already here and looking to expand, financing can help ensure the success of yourbusiness plan. Manytypes of loansare available to immigrants, whether non-resident aliens or aliens. Some loans may have requirements that the business is operational for 12+ months, that you have a strong credit history, or that you have assets to use as collateral. If you are a new immigrant or are looking to bring your business to the US, Biz2Credit may be able to help.

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This article is not immigration or legal advice. Seek the help of a qualified immigration attorney for all of your immigration planning needs.

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