My wife and I would like to move to Texas from the UK on an E-2 visa. We are planning to start a franchise business and are in talks with 2 franchisors.
Our immigration lawyer told us the UK consulate typically expects at least $100k investment for an E-2.
Right now, we have about $70k cash. Using credit cards, we would like to borrow about $30k short term to bridge the gap.
We have some assets over here which should cover the credit card amount and more - but they will take some time to sell.
Are there any problems in using credit cards in this way to seed the US business for an E-2?
Our immigration lawyer told us the UK consulate typically expects at least $100k investment for an E-2.
Right now, we have about $70k cash. Using credit cards, we would like to borrow about $30k short term to bridge the gap.
We have some assets over here which should cover the credit card amount and more - but they will take some time to sell.
Are there any problems in using credit cards in this way to seed the US business for an E-2?