Starting a new business is always an exciting and sometimes rocky adventure for entrepreneurs. Unfortunately the success rates for new businesses aren’t always rosy, and chances are you’re going to have to put a lot of blood, sweat, and tears into the business in order for it to succeed. That is all true when you’re starting a business in your home country, so what happens if you want to start a business in a different country?
For those who live outside the United States and are eyeing the country as the perfect location to set up shop, how easy is it? Can it be done, and if so, what will be required on your end? Let’s dig a little deeper.
Making the Move to the United States
Because a new business requires so much energy and time, it’s a high probability that if you plan on opening a company in the U.S. you also plan on moving there. Obviously it’s not as easy as just packing up your bags and booking your ticket, there is a lot more involved. You want to be sure you are going about all the rules and procedures in the right and legal way, which means it’s wise to consult with a professional.
Hirson Immigration is a great example of professionals who act as EB-5 immigration attorneys and know all the ins and outs of business and investment immigration law. They have more than 30 years’ worth of experience when it comes to EB-5 investment visa, so they will be able to advise you and steer you in the right direction.
Check Out the Visa Programs
You will also want to get started on looking into the Visa options available in the United States. Depending on where you are moving from, your country may be one of the 37 countries that have a visa waiver program.
Do Your Market Research in Advance
It’s likely that you already have a business plan in mind, which means you can go ahead and start your market research before you even arrive in the U.S., giving you that jump start. You will want to investigate how much competition there is, pricing, vendors, who your target client/customer will be, what the competition is doing right/wrong, figure out the best location for your business, etc.
You want to get as much information as possible so that you can get the wheels rolling and make informed decisions before you even leave for the U.S. Again, this helps you to get the business started that much faster and hopefully smoother.
Secure Your Financing
Another step that you want to get moving on is financing. By securing your financing you’ll be able to open your business much faster and without as many challenges.
Typically a Welcoming Business Environment
While the U.S. isn’t typically the easiest country to do business in, according to the World Bank it is usually ranked pretty high. What this means to entrepreneurs is that it can be done but the correct rules, steps and regulations need to be followed.