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Business Immigration: The Importance of a Good Business Plan

blog13.pngWhen seeking any sort of business visa such as an E-2, L-1, or EB-1 (Multinational Executive/Manager), one of the most important pieces of evidence to have in your packet is your company's business plan. This document should lay out your ideas succinctly and clearly so that any officer, whether at USCIS or at an embassy, can feel comfortable approving your business visa.

A good business plan will clearly explain the goal and purpose of your business as well as your role in it. Immigration officers often question visa petitions if it is unclear what goods or services a company will provide, so a simply-worded explanation is best. With the exception of EB-5 Investor Visas, USCIS and the Department of State do not require immigration officers to be business experts, so your plan should explain your business model as if being explained to someone with no background in the industry. Further, the business plan should clearly demonstrate what the foreign national's role in the company will be and how their past experiences make them well-suited for the position. Again, this should be explained in a way that someone without a background in the industry could understand.

A solid business plan will be an important tool for your attorney as well. One of the main parts of any business plan is the company's financial projections which state your company's current financial situation as well as your realistic goals. Most immigration plans should cover a five-year period with clear indications of growth in terms of profit and employment. This information will be required at multiple junctures in the immigration process, so having one clear and concise document that lays out this information is extremely useful to you, your attorney, and the reviewing officer.

Finally, visa applicants should recognize that a business plan for immigration purposes may not be the same as a business plan for other uses. Therefore, you should collaborate with a business plan company that specializes in immigration business plans and/or work on the plan in collaboration with your attorney and accountant. This way, one of the most important documents for your case will be well-reviewed and tailored to your specific visa needs.

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