Out of curiosity, what is your driver for going to the US? Depending where you go, you can go a lot further on $500k USD overseas than being stateside. A green card opens you up to US tax liability on all of your investments globally.
Ask HN: Have to invest 500K in a business – what can I do?
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Re: Ask HN: Have to invest 500K in a business – what can I do?
#22Re: Ask HN: Have to invest 500K in a business – what can I do?
#23Re: Ask HN: Have to invest 500K in a business – what can I do?
#24Source: been there, ish.
Re: Ask HN: Have to invest 500K in a business – what can I do?
#25Tagging so I can read about EB5 and come back later. But at first glance, and with my limited experience in tech as a founder & VP, 500k sounds far too little for 10 FTE for 2 years. Edit -- I'm sure you've looked into it more than I have, but according to the link below, I'm seeing minimum amount for TEA of 900k if filed after Nov 2019? https://www.uscis.gov/working-in-the-united-states/permanent...
https://www.visalawyerblog.com/federal-district-judge-rules-...
Re: Ask HN: Have to invest 500K in a business – what can I do?
#26Quick Service Restaurant. Specifically a boba tea shop. This is how it's done here in California.
Re: Ask HN: Have to invest 500K in a business – what can I do?
#27Out of curiosity, what is your driver for going to the US? Depending where you go, you can go a lot further on $500k USD overseas than being stateside. A green card opens you up to US tax liability on all of your investments globally.
Re: Ask HN: Have to invest 500K in a business – what can I do?
#28Aren't there consulting firms that cater to this very need? The informal discussions I've heard around EB5 visa in India are that these firms group multiple such individuals and then start/run a business for this group (something like a medical practice clinic or a hospitality franchise) until they qualify for the green card, for a fee of course.
Re: Ask HN: Have to invest 500K in a business – what can I do?
#29Gas station or self storage. It’s basically a land squat. A chain of coffee shacks would be viable too. Reselling shoes is viable but not good for getting more laborers. A child care or tutoring facility would be a good choice too. But lots of work. Otherwise maybe eth mining would be profitable even on gpu in a year. Ideally you would buy some equipment that’s easy to move and retains value then sell it off after 2…
Re: Ask HN: Have to invest 500K in a business – what can I do?
#30I’m no expert in the area but if I wanted something that was lower variance/expense than a software startup and that might be doable on just $500K, I’d do research on something like a pizza joint, a diner, or maybe a franchise food service place. (Looks like Subway is one of the cheaper franchise food service places to open.) In this case, I’m assuming your real prize is the green card, not the actual business, as I’…