If you have experience running a business in your home country, it makes sense you do the same after migrating to the U.S. You can move an existing business and see it grow like never before. Many immigrants own small businesses across the U.S and they are thriving. Look at any local community, and you will notice that many small businesses including restaurants, boutiques, dry cleaners, private healthcare services, salons, and other retail outlets are owned by immigrants. The exposure your company or brand can get in the land of opportunities is beyond your imagination.
Business Immigration to the U.S is highly encouraged, as it boosts local economy and opens new employment prospects for native residents in the area. Entrepreneurship has many benefits that are out of reach when you work for someone else, especially in a culturally diverse and prosperous country like America. Here are seven reasons why opening a small business in the U.S is in the best interests of immigrants:
1. Government Incentives
Governments at federal, state, and district level offer various incentives to foreign investors who establish their business in specific regions. Common advantages immigrants can expect include a concession in cost of acquiring real estate and reduced property taxes. To be precise, when you cooperate by commercializing a preselected area, the U.S government will accommodate you generously.
2. An Affluent and Diverse Society
The U.S houses a population of over 330 million and the majority is well-off. Even individuals earning minimum wage are able to live a comfortable life, which cannot be said about most developing countries. The people living in the U.S come from different and mixed cultural backgrounds, so interests and consumer demands vary greatly. The local communities appreciate variety when it comes to cuisines, fashion, recreation, and further forms of consumerism. Therefore, whatever product or service you have to offer, it has potential to appeal to at least one community that can easily afford it.
3. Abundance of Skilled Workers
The U.S is home to thousands of prestigious universities and colleges; nearly a million foreign students enroll in these educational institutions annually. A large number of technical schools and community colleges in all states are also dedicated to train individuals for work in different industries. It is safe to say that the country has an abundant and diverse workforce for every kind of job or profession. Dozens of competent candidates will reach out to serve your company, regardless of available vacancies.
4. Advanced Technology
The U.S has access to the most cutting-edge technology, which makes it all the more desirable as a location for business. Advanced technology helps improve and speed up business operations, so you make more sales and generate greater revenue. State of the art equipment and methodologies help a business surpass competitors and take over new markets.
5. Political Stability
Political instability tends to have a major impact on big and small businesses. Most nations are not eager to engage in business transactions with a country suffering from too many political ups and downs. Fortunately, the U.S has one of the strongest governments worldwide, which is why political unrest is rarely witnessed. As a result, you won’t struggle with doing business on national or international level.
6. Access to an expansive Marketplace
Living in the U.S, you have the opportunity to expand business across 50 states. If your brand gains recognition, communities from all over the country may show interest in your products. If your business involves import and export with other countries, rest assured because U.S provides efficient connections worldwide. Goods can be transported through air, sea, road and rail; not to mention, the U.S has trade agreements with 20 nations, which adds to your convenience.
7. Sense of Equality
Since America is such as culturally diverse territory, immigrants find it relatively easy to fit in. It doesn’t matter if you are a native or foreigner, the same business laws apply to all entrepreneurs. This means you have equal rights and responsibilities in the event of a legal dispute concerning your business. Most of the local population is broadminded and accepting, so you are unlikely to encounter any bias or discrimination.
