Why Foreign Investors Are Buying U.S. Franchises | Dr. John P. Hayes - With Daniel Purim
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Why Foreign Investors Are Buying U.S. Franchises | Dr. John P. Hayes - With Daniel Purim
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Dr. John Hayes converses with Daniel Purim, a senior franchise consultant with Franchise Wizards and a FranServe affiliate, about the process for qualified investors from U.S. treaty countries to obtain an E-2 investor visa through business ownership, often via franchising. Purim outlines the steps for E-2 applicants, which include making a traceable investment in a for-profit U.S. business, early coordination with an immigration attorney, forming a U.S. entity, funding a business bank account with foreign currency, investing, and demonstrating readiness to operate prior to application and interview. He also mentions that spouses and children under 21 are considered dependents, with spouses having the ability to obtain an open work permit. However, he emphasizes that the E-2 visa is temporary and renewable, and does not lead to a green card or citizenship. Purim cautions against undercapitalization and funds that cannot be traced, advises against purchasing failing “deals,” and notes that many investors opt for service-based models under $200,000. He asserts that franchises provide credibility, training, and support, and recommends that investors allocate funds for living expenses in the U.S. and credit-building.
- With Daniel Purim
TIMESTAMPS:
02:35 Americans Don't Know How Good They Have It.
07:55 Most E-2 Investors Spend Under $200,000.
09:05 Keeping Investors Liquid Is The Smart Play.
12:40 Second Passports Unlock E-2 Eligibility.
14:45 Conservative Immigration Attorneys Are Best.
16:30 Spouses Get Open Work Permits.
17:45 E-2 Never Converts To Green Card.
18:40 Cash In A Duffel Bag Is Untraceable.
22:10 Buying A Failing Business Is A Red Flag.
26:40 Franchises Offer Built-In Exit Strategies.
27:25 FDD Failure Rates Reassure Immigration.
39:45 Royalties Are Worth It For The Network.
LINKS:
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