The iFixScreens EB-5 Franchise Program May Be For You!
If you are a foreign investor, the United States government has a program that will help you gain residency here in the U.S. When you become an owner of an iFixScreens franchise in the United States and employ a minimum of ten full-time employees, you can be eligible for citizenship.
The iFixScreens EB-5 Franchise Program Process
The process takes roughly 18 months from the beginning of filling the I-526 petition.
Our plan is that we will open 4-5 iFixScreens stores with the investment and easily create 10 or more jobs.
Submit An I-526 Petition
to the U.S. Citizens and Immigration Service that shows you have made an EB-5 franchise investment in an iFixScreens business.
A Second Application
is needed and applied for. This time it's for your immigration visa. We recommend using an Attorney for this part.
A Third Visa Application
is needed. This application is needed to be filed to
remove any conditions on your visa for permanent residency.
is underway to open your iFixScreens store. Not only will you own your own franchise, your residency is around the corner!
What Is The EB-5 Visa Program?
EB-5 visas are reserved for immigrants who have invested or are in the process of investing, at least the required minimum amount of capital in a new commercial franchise that employs at least 10 full-time U.S. workers no later than two years after the petitioner receives their approval:
$1,050,000 for standard investments or $800,000 for investment in a commercial enterprise principally doing business in a targeted employment area or in a regional center-associated infrastructure project. For petitions filed before March 15, 2022, the two amounts were $1,000,000 for standard investments or $500,000 for investments in a targeted employment area.
The investment requirement is cut in half for aliens investing in regional centers and targeted employment areas (TEAs), which are rural locations or areas with unemployment rates greater than 150 percent of the national average.
Of the 10,000 EB-5 visas allocated annually, 3,000 are reserved for TEAs, and 3,000 are reserved for regional centers.
The EB-5 visa is an immigrant visa classification, so it leads to a green card for successful applicants. By getting an EB-5 visa, your spouse and children can also get their green card as well.
What Does The Investor Get From The EB-5 Visa Program?
Along with the residency for themselves, their spouse and their children (must be under 21), the investor will also get 4-5 iFixScreens.com turnkey stores. By having this many stores, you will easily be creating 10 or more jobs meeting the requirement for the visa program. These stores will be turnkey operations and upon the arrival of the investor, these stores will be ready to start making money.
As an approved EB-5 visa holder, you do not have to work for a sponsor company. You are free to work in any lawful capacity anywhere in the United States.
What Are The Requirements For The EB-5 Visa Program?
To Qualify For An EB-5 Visa:
- You must invest in a "new commercial enterprise."
- You must invest at least $800,000 in the new commercial enterprise. (You may qualify to make a reduced investment of $900,000 if the investment is located in a "targeted employment area.")
- Your investment must lead to the creation of at least 10 full-time jobs for US workers.
- Your investment funds must be "at risk."
- The funds used for your investment must have been lawfully obtained.
- You must engage in the management of the new commercial enterprise.
What Is The Process Of Getting EB-5 Visa?
Step 1 - Hire an Immigration Attorney
Hiring an immigration lawyer with experience handling EB-5 cases is the first stage in the EB-5 program. We can recommend one for you if you don't already have one.
Step 2 - Select an Investment
iFixScreens.com is a perfect match for new commercial enterprise investment. We have proven business that qualifies for the EB-5 visa.
Step 3 - Invest Your Funds
Buy the iFixScreens franchise. We will work with you to select an area to open 4-5 iFixScreens.com stores.
You must establish when you file the Form I-526 that you have invested in the new commercial enterprise or are actively working to do so.
The funds can be put into an escrow account. (The disbursement of money would be contingent upon I-526 approval and the granting of a visa or status adjustment.)
The mere indication of a future investment is insufficient.
Step 4 - File Form I-526
Your lawyer will file the Form I-526 on your behalf after gathering all required paperwork.
The initial EB-5 petition is the I-526.
You can submit an application for conditional permanent residency if your I-526 is accepted (a two-year conditional green card).
You have two years to finish the EB-5 requirements before receiving your conditional green card. The conditions include retaining a "at risk" investment in the project and producing ten full-time jobs for US citizens.
Step 5 - Adjustment of Status/Visa Processing
There are two ways to get your conditional green card. Whether inside or outside of the US, you will either adjust your status in the US or go through consular processing abroad.
Adjustment of Status is made by by filing a Form I-485
By submitting a Form DS-260, consular procedure is completed.
Step 6 - File Form I-829
You are qualified to have your lawyer file a Form I-829 on your behalf after 21 months as a conditional permanent residence.
Fill out Form I-829 to request that the condition on your green card be lifted. You must do this in order to be granted unconditional permanent residence status (a permanent resident green card holder).
If you fulfill all conditions for the EB-5 program, you are qualified to have the condition on your green card lifted. This is accomplished by demonstrating that you maintained your investment in the project and that you added the necessary 10 full-time positions for US citizens.
Step 7 - Citizenship (Optional)
You might be qualified to apply for naturalization to become a citizen of the US after having been a permanent resident for at least five years.
How Long Does EB-5 Visa Process Take?
It currently takes about 18 months for USCIS to process an I-526. (The 18-month timeline is excepted to improve in the future)
Adjustment of Status or Visa Processing
Adjustment of Status: takes about six months
Consular processing typically takes eight to twelve months.
Conditional Permanent Residency:
For two years, you are a conditional green card holder until approval of your I-829 petition.
During these two years, you can live and work in the USA.
The current processing time for Form I-829 is roughly 2.5 years.
Permanent Residency (Green Card):
Once your I-829 is approved, you are a permanent resident.
You might be qualified to apply for naturalization to become a US citizen after having been a permanent resident for at least 5 years.
Can I Convert E-2 Visa To EB-5 Visa?
You can switch to an EB-5 visa if you are already in the US on an E-2 treaty investor visa.
"Adjustment of status" refers to the transition from an E2 visa to an EB-5 visa.
A number of important advantages if you decide to use your E2 company as the new commercial firm for your EB-5 visa:
It's possible that the money you've previously put into the E2 firm will count toward your EB-5 investment.
The ten full-time employment you must generate may include the jobs you've already established through your E2 firm.
The Brass Tax
Financial Requirement: A minimum of $500,000 being invested into the franchise venture.
Contract a Visa Attorney/Consultant: The fees for this will vary with whom you choose. It's important to choose an attorney with a successful track record of placements. You may also consider working with a EB-5 franchise consultant during this process.
Issue the Franchise Fee: The franchise fee for one iFixScreens store is $30,000 with it being reduced to $20,000 for each additional franchise license.
Outfit & Construct Your Stores: The total cost for getting 1 store ready for opening is between $98,700 and $136,500. This includes all franchise fees, working capital. (See FDD for complete layout of expenditures)
Who Are Our Franchisees?
Satisfy Customers, Increase revenue, Gain Credibility and Stand Out from the pack. Offer a quick repair option vs. making the customer pay for a replacement. Provide a service that other carrier locations just can't compete with.
Existing Device Repair Stores
Boost Sales, Get Recognized, Expand Your Business, and Elevate your Skills. Our programs are designed to promote long-term expansion & return on your investment. Receive exclulsive training and experience that molds you for success.
Bypass your Start-up pains, Advance your Career, Generate More Revenue, and Retire Comfortably. We handle the headaches of getting started, including procurement and training.
Gain experience, Train for Greatness, Increase your Revenue, and Expand Your Network. Make an impressive and credible addition to your investment portfolio. The number don't lie. A franchise can significantly boost your earnings.