When you are intending to move to the US to begin a company, it is very likely you are looking at the E-2 visa. As well as meeting many eligibility requirements, you’ll be needed together with your application to post an E2 visa business program.
You are wanting in order to help your software within the business strategy by detailing the way your E 2 investment is gon na be used and demonstrating that the amount of investment is adequate to create the small business operational and also to enable you to meet up with your growth projections.
At the job interview, you’ll be questioned on the E2 business plan you’ve supplied about yourself and the company. The business plan will likely be scrutinized to determine the degree of financial benefit the business of yours will bring to the US industry.
You will have to be comfortable being challenged on the information in the company plan, and also describing the way you are going to get the company to an operational stage of the stage you will turn up in the US.
Regrettably, there is not one winning formula or perhaps prescribed format for the E 2 business case, but here are several short pointers on aspects to think about when preparing your E 2 visa business plan.
E2 Visa Business Plan: Financial strategy
The program should provide economic projections and elaborate on the way the business enterprise will attain enough being successful and success to help you (the investor), your staff and dependents, and build new jobs within the length of the E 2 visa (maximum five years).
It is important to be practical. If your software is effective, look forward to the renewal phase (up to five years). When you use to restore, you’ll be expected to provide proof & figures that show business effectiveness for the period of the visa, with the hope that you’ll have accomplished these projections.
In the business strategy, you’ll also have to show you’ve possession and management of your investment money. This requires documentary proof of the supply of funds, with an obvious paper trail, for instance, purchase of assets or property, savings, employment earnings.
With no threshold or even arbitrary minimum quantity, the dimensions of your respective investment has to be considered’ substantial’ in proportion to the entire price of the company project.
There ought to be an at risk component to the investment, and again you are going to need to detail within the program of investments thus far in the company (lease, created costs etc) and also to confirm that the company shall be functional from day one individuals packaged in the US.
E2 Visa Business Plan: Operational strategy
The Embassy is going to want to understand how the business of yours will in reality work in the US.
You will find a wide range of company structures allowable for securing the E 2 visa. You are going to need to determine which you’ll operate under.
The management particulars of the business will even need detail. The E 2 visa holder is authorized on the foundation of blowing & building the company – just what does this mean in practical terms provided the business framework of yours and personnel strategy?
You’ll in addition be asked to proof that a minimum of fifty % of the company is run by you, becoming a citizen of a treaty nation.
E2 Visa Business Plan: Personnel strategy
The management system must enable you as the E 2 visa holder to create and steer the business, with others performing the unskilled or skilled labor demands of the company.
You must be ready to demonstrate that you are going to create jobs within the company of yours for resident workers. Just how many US jobs are going to result from the enterprise of yours, what roles are they going to be so when will you expect they’ll be produced?
Surprisingly, the E 2 visa in addition lets the company to petition for various other overseas workers with exactly the same nationality as the treaty employer. By leveraging the benefit the enterprise may petition for professionals, supervisors, and any other crucial personnel with exclusive qualifications.
E2 Visa Business Plan: Marketing strategy
How would you use advertising within the US? Document your plans like spending budget and also personnel specifications for marketing actions.
Do you’ve relationships to tap into, or maybe conferences lined up? Maybe you currently have contracts in position, or maybe signed letters of intention? Obviously, the more good these collections of activity, the much better for the situation of yours.
E2 Visa Business Plan: Your experience and skills
An additional requirement would be that the dynamics of the company is, in a few rational sense, related, relevant or connected to the pro experience, qualifications or skills of the E 2 applicant.
The Embassy will likely be looking for guarantee of your capability and reliability, in addition to the viability of the business, and also are prone to challenge at interview where there’s a perceived lack of synergy between the features of yours and also the company’s line of work.