You are hereFrequently Asked Questions / EB-5 Eligibilities & Requirements: I-526, CPR & I-829 / [Q] Any issues with buying an existing car wash biz to pursue a $1 Million direct investment EB-5 case?

[Q] Any issues with buying an existing car wash biz to pursue a $1 Million direct investment EB-5 case?


Yes, with any EB-5 case involving a purchase of an existing business, such as restaurants or car wash, the problematic issue is not with whether such business will qualify as a "new commercial enterprise" -- it will if the business has been originally established after November 29, 1990 -- but with how the EB-5 investor's investment into such business will create 10 additional, new full-time positions?

Some people have told me "Hey, I will just purchase a business which laid off all its employees" or "I will just purchase assets, without its employees, and then re-hire or hire new employees of my own"; but good luck if you wish to climb up this dangerous tree.