Investor and Immigration Visa Business Plan Consulting
As U.S. immigration lawyers will tell you, one of the most important documents that applicants need when applying for a business or employment related visa is a comprehensive business plan. The business plan is so critical because it documents that the business you wish to acquire or launch or for which you will become a senior executive is sustainable. It supports the fact that the applicant will be able to “stimulate the U.S. economy through job creation and capital investment” according to the U.S. Citizenship and Immigration Service (USCIS), the government agency that oversees lawful immigration to the United States.
In many instances, for those applying for a business or employment related visa, the terminology is foreign, the process is complicated, and the application is nearly impossible without the assistance of an attorney who specializes in immigration applications and Cayenne Consulting for assistance with the business plan requirement aspect of the application. Information on U.S. immigrant visas can be found on the USCIS website as well as the website for the American Immigration Lawyers Association and immihelp.com.
Currently, business plans are required for the following types of visas: E-2 Investor visa, EB-5 visa, L-1 visa, B-1 visa, and E-1 visa. Each visa is described below in summary:
- The E-2 Investor Visa allows an individual to enter and work inside of the United States based on an investment he or she will be controlling, while inside the United States. This visa must be renewed every other year, but there is no limit to how many times one can renew. Investment must be substantial. An investor must contribute to the US economy. Investor visas are available only to treaty nations.
- The EB-5 Visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990. This visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,000,000 (or at least $500,000 in a "Targeted Employment Area" - high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family. The EB-5 program also allows for investment in a Regional Center which is an entity that promotes economic growth and job creation within a geographic region.
- An L-1 Visa is a visa document used to enter the United States for the purpose of work in L-1 status. It is a non-immigrant visa, and is valid for a relatively short amount of time, generally three years. L-1 visas are available to employees of an international company with offices in both the United States and abroad. The visa allows such foreign workers to relocate to the corporation's US office after having worked abroad for the company for at least one year prior to being granted L-1 status. The US office must be a parent company, child company, or sister company to the foreign company.
- The B-1 Visa for Temporary Business Purposes allows the recipient to negotiate a business contract or arrangement, attend a convention or a seminar, or hold a series of business meetings. Under the terms of this visa the host or employer must provide a business plan as part of the documentation requirements.
- The E-1 Treaty Trader Visa is a non-immigrant visa which allows foreign nationals of a treaty nation to enter into the U.S. and carry out substantial trade. A treaty trader belongs to a nation that maintains a treaty of commerce and navigation or a bilateral agreement with the U.S.
The business plan that is made a part of the visa application must demonstrate that the applicant has the requisite skills, talent, background, experience and resources to successfully start and grow a business that provides real products and services and employs American workers. The business plan must be of the same quality and content as a business plan that is prepared for a commercial bank or a sophisticated investor. In short, it must be as professional as you intend for the business to be. Make no mistake, it must represent the applicant.
The business plan will more than likely be 15-20 pages in length and include informative charts, tables, images and graphs that will aid in giving the reader a better understanding of the business. At a minimum, the document must include:
- An executive summary
- A company description
- A description of the company’s products and/or services
- A market and industry analysis
- A competitive analysis
- A marketing and sales plan
- A management and organization section
- A financial discussion that includes a 3-5 year financial forecast
Here are some business plan tips for applicants:
- Do not wait until the last minute. To be safe, allow 2-3 weeks to get this done right.
- Do not attempt to do this yourself. This document requires a professional.
- Remember that the business plan and the rest of the application must be consistent with each other.
- Not only must the plan be written in English, it must be written in "Business English."
Every U.S. Visa applicant will enhance their chances of success by allowing plenty of time, getting help from a specialist attorney who will put the applicant's interests first and, if applying for a business related visa, develop a first class business plan that will distinguish the applicant as a capable, successful business person.
Please use the form below to learn more about how we can help you prepare a business plan appropriate for visa purposes.
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