South Florida has become a gateway to the US market for many foreign companies, especially in the food business. Many companies are starting their business in this market and using it as a stepping stone to expand throughout the United States.
One advantage of a foreign individual starting a restaurant in Florida is that they have the advantage of bringing authentic foods from their homeland making them available to the US market. The uniqueness of these restaurants offers a special advantage to their owners because the public cannot readily find these foods anywhere else.
Over the last five years there has been an influx of European and Latin American brands looking to test the US marketplace. If a business owner is able to successfully build a brand for their restaurant in Florida, then they have the opportunity not only to expand throughout the US, but also the opportunity to license the brand to other entrepreneurs, generating another avenue for profit.
Opening a restaurant in Florida can also be an opportunity for foreign individuals to obtain an investor’s visa, such as an E2 visa or EB5 visa.
“Americans are always interested in something new and different,” said Warren Solochek, a restaurant analyst. “If you have a new sort of restaurant that is coming into and area, people are always going to be interested in trying it out to see if it fits their needs.”
If you are interested in opening a restaurant, applying for an investor’s visa, or licensing your existing brand, then contact Boyer Law Firm today.
Source: Yahoo! Finance