FAQs
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Frequently asked questions
How long does the process for acquiring a business immigration visa take?
It really depends. On average, it takes about six weeks. Once you meet all of the requirements, it really depends on the workload of immigration officers. Get in touch to set up a consultation to get a better understanding of your own unique time frame.
How difficult is the process of purchasing real estate in New York City?
The process takes a lot of patience. There are a lot of factors, such as the timeframe of the underwriter of your bank, whether you are purchasing your property in cash, and also the assessment of the property for final negotiations. Also, your personal details factor in. The process can take anywhere from six weeks, to several months.
Can I incorporate a business in the Unites States if I am a foreign national?
Absolutely. As long as you can acquire legal entry into the US, you can incorporate and operate a business in the US. Contact us to set up a Skype appointment so we can help you to organize your next steps, as every individual has unique needs that require strong legal support.
I want to start a business in the US. What are my first steps?
The first step is to work on your business plan. This will help you secure visa clearance as well as help to ensure the success of your company.
Familiarize yourself with different visa options for foreign entrepreneurs (this can be done with a google search) for a general understanding of the United States immigration system. Next, hire an attorney who can help you narrow down your options and choose the best visa for your particular case. Please contact our law firm for further information.
How will the new questionnaire for visa applications affect me?
On June 1st, The Trump administration approved a new questionnaire for visas applicants, making it tougher for visa applicants to enter the US on a tourist or business visa. The US Department of State now requires US embassies to implement some additional scrutiny of visa applicants, to determine if they pose security risk to the US. Not all visa applicants will receive the questionnaire. However, the Department of State has been vague about who will receive it. The additional scrutiny includes the following: the applicant's phone numbers, travel history, address and work history for the past 15 years, as well as an email address and social media handles for the past 5 years.
This new questionnaire will likely result in delays and additional visa application denials. Please contact our law firm for further inquiry.
How will the new questionnaire for visa applications affect me?
On June 1st, The Trump administration approved a new questionnaire for visas applicants, making it tougher for visa applicants to enter the US on a tourist or business visa. The US Department of State now requires US embassies to implement some additional scrutiny of visa applicants, to determine if they pose security risk to the US. Not all visa applicants will receive the questionnaire.
What is the best real estate investment option for a foreign investor?
A foreign investor seeking to buy a property in New York can either invest in a (1) Turnkey Property which allows investors to buy and immediately rent the property (2) Real Estate Investment Trust (REIT) which allows for investment in commercial properties, residential properties or mortgage loans. As a practical matter, a REIT allows investors to access a group of properties that trade like a stock. REITs provide dividend income to shareholders and are therefore prone to market risk. (3) A foreign investor can also purchase a property directly. Please contact our office to further discuss real estate investment in New York, as well as the most appropriate investment structure for your needs.
What is the best business entity for foreign entrepreneurs?
Foreign entrepreneurs can form Limited Liability Companies (LLC), Corporation(C), and Partnerships (P). Most foreign entrepreneurs choose to establish Corporations (C) because they can attract outside investors even though profits are taxed twice (at the corporate level, and as dividends to shareholders of the company). However in some cases, a Limited Liability Partnership may be the best business structure. Please contact us for further information.