Your dreams of immigrating to a new country to start a business may depend on the strength of your business plan.
Business plans provide an opportunity to show how your venture aligns with the purpose of the visa programs and the broader goal of promoting the economic development of the country to which you want to relocate.
In the case of the United States, anyone who wants to start or purchase a business in the US or transfer there while working for an American company abroad needs to craft a business plan. This plan should demonstrate how your plans align with the requirements of the E2 and L1 visas.
What are the most common paths for business immigration to the US?
Two of the common business immigration programs for entrepreneurs seeking to live and work in the US are the E2 and L1 visas. Let’s look at what they offer and what you can do to prepare the strongest possible application.
Always consult an immigration professional for more detailed information and discuss your possible eligibility for these visa programs with them.
The E2 visa
This visa is meant for those planning to either purchase an existing business or create a new one. The E2 visa is commonly known as the “investor visa”. Eligibility is limited to citizens of E2 Treaty countries or with which the United States maintains a “qualifying international agreement”.
Holders of E2 visas are permitted to enter the United States for the sole purpose of developing and directing the investment enterprise.
The L1 visa
The L1 Visa allows US companies to transfer their employees from one of its affiliated foreign offices to one of its offices in the US, under certain conditions.
This visa is divided into two types, the L1A visa allows the transfer of an acknowledged executive or manager to the company’s US office while the L1B visa makes it possible for an employee with a special knowledge relating to the organization’s interests, to be transferred.
The L1 visa is for employees in managerial or executive positions and, unlike the E2 visa, can lead to a Green Card.
Again, consult an immigration professional for more detailed information about these and other programs. The information here is to give you an idea of the general outlines of the E2 and L1 visas.
The importance of an immigration business plan for E2 and L1 visas
If you think that the E2 or the L1 visa may be just the path forward to achieve your goal of operating a business in the United States, it’s important to recognize the role of an immigration business plan in the application process.
The requirements for both visa types include a business plan that details the enterprise that you will start, take over, or manage. While never a guarantee of success, it’s hard to make a strong, compelling case for your application without a business plan that shows that you have carefully considered the most important aspects of your business ambitions.
Including a well-written business plan shows immigration authorities not only that your business venture has genuine potential for success and growth, but that your projections and estimates are based on solid data and reasonable assumptions. This is done through the inclusion of industry and market research, statistical analyses, and informed financial projections.
Professional business plans do more than just satisfy the requirements of certain visa programs. They serve as a roadmap as you move forward and encounter the inevitable issues that come with the business world. Putting together a business plan makes you take the time to consider all the variables that can impact your business’ performance, bringing issues to light that may not have attracted your attention before.
The challenges of creating a great immigration business plan
The value of a solid business plan is clear, both for your professional ambitions in a new land and for helping to keep your business on a stable, profitable path. But even if you recognize this value, you’re presented with another question, one that involves more of your time and energy than you might think — Are you prepared to write your business plan by yourself?
Before you answer with a quick “No problem!”, consider a few things about what creating a great business plan involves:
- Specialist knowledge. There’s no shortage of help online if you search for how to write a business plan but this would be your first mistake. This is because you don’t need a business plan, you need an immigration business plan. Business plans are for banks and investors, immigration business plans are for national Immigration authorities. The plan you need for an E2 or L1 visa, for example, is very different from a standard business plan. You can probably guess what happens if you submit a document designed for investors and bankers to the office that will determine your eligibility for an immigration visa.
- Industry expertise. Professional business plan writers are assisted by immigration lawyers to understand the expectations of a convincing E2 or L1 business plan. Thanks to their understanding of the industry, professional immigration business plan writers know what must be included in their plans in order to be successful.
- Time, effort, and focus. They say that time is money and creating a good immigration business plan will take much more time than you think. A professional immigration business plan writer will ensure that all essential points are covered, allowing business owners to save weeks or even months and keep their focus on their business. A professional immigration plan writer can deliver exactly what you need in 7-10 business days. You might need that many weeks to create something even comparable in quality.
- Financial statements. Perhaps the most difficult elements of all to do on your own, financials are of the utmost importance in your immigration business plan. A successful visa application requires a thorough understanding of the company’s financials, and E2 financial projections in particular are crucial for new businesses to have their applications approved. While traditional financial reports are usually created for bank loans or investors, E2 visa projections must be optimistic yet realistic and based on supported assumptions to demonstrate these projections while including five years’ worth of profit and loss statements, balance sheets, and statements of cash flow.
We can write your business plan for E2 or L1 visa application
At Joorney, we specialize in writing business plans for business immigration visa applicants. We understand the importance of a well-crafted business plan that showcases the strong potential of the business venture, the exceptional ability of the applicant, and overall benefit to the US.
Here’re why Joorney Business Plans is the right choice for visa applicants:
- Expertise in writing immigration business plans: We write over 6,000 business plans yearly and have worked with over 1,000 immigration partners on these projects. This high volume of completed plans has given us vast expertise in the specific requirements of various visa applications.
- Customized plans tailored to your specific situation and goals: We understand that every applicant’s situation and goals are unique. Therefore, we work closely with each client to create a customized plan that tells their story and maximizes their chances of success.
- Experience in various industries and fields: Our team of writers has experience in various industries and fields, from IT & Software to the arts. This breadth of experience allows us to craft plans specific to each applicant’s industry and field of practice.
- Attention to detail and accuracy: We understand the importance of accuracy and attention to detail in immigration business plans for visa applications. Our team of writers and editors thoroughly reviews each plan to ensure that it meets the specific requirements of the application process.
Contact us today to kickstart your immigration business plan or to find out more about Joorney. Don't hesitate to contact us - our team is ready to assist you every step of the way!