The L-1/EB1-C Visa, lets business owners operate businesses in the US, lets you move to the US in as little as 45 days and allows you to obtain a Green Card in just three years. If you are a business owner, you must have wondered why not open a branch of your own business in the US?
While you absolutely can do so, there are some difficulties you may face, adding risk to both the immigration and business side.
Let us take the case of Tesco as an example. Tesco is the biggest retailer in the United Kingdom with a strong international presence with 6,500 stores worldwide. Tesco entered the US market in 2006, however, their stay was short-lived. In 2013 Tesco sold off its stores. So what happened?
Poor strategies, bad timing, poor choice of location coupled with an unclear understanding of American consumer behavior. Tesco reported losses of about $1.61 billion and ranks among the British retailer’s biggest-ever failures. Click here to read more about why Tesco failed.
This is a great example of the difficulty of entering a new market. One of the largest companies in the world couldn’t make their concept work in the US – it is going to be very tough and expensive for you to expand yours.
So what can you do? The best defense against this is to purchase an existing US business and work with someone who is familiar and experienced in the US market (Us).
If you would like to learn more about the businesses that are currently for sale and to see what is the right business to meet your goals and immigration specifics, reach out to us and one of our team members will be happy to talk you through the process.