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If you are buying a business in America, there are normally only three visa options - the E-2, the L-1 and the Green Card. Each has different requirements. If you are eligible for a Green Card (permanent residence) this may take a year or longer to obtain. It is usually prudent, therefore, to consider an E-2 or L-1 non immigrant visa initially and apply for a Green Card later. The E-2 visa is often the most appropriate visa for investors buying their own business or establishing a new one in the United States. The documentation which has to be submitted to the American Embassy, however, is quite extensive. If you are a British citizen, and resident in the U.K., you are eligible to apply for an E-2 visa. If a citizen of another country you may also be eligible, if your country has an appropriate treaty with the U.S. Note: British citizens resident overseas, e.g. in Spain, are NOT eligible for E-2 visas.
To obtain a Green Card as a Multinational Manager, many of the requirements are similar to those of an L-1. You must demonstrate that both the U.K.and U.S. businesses are reasonably substantial. A previous L-1 visa is no guarantee, however, of a Green Card. It is hard to get an application approved where either business is very small. If the E-2 visa would be more advantageous, for example because of the longer initial approval period, choose an E-2 initially and apply for the Green Card later when your U.S. business has grown.
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