Creating a Business Plan for Your E-2 Visa Application
Applying for an E-2 Visa involves creating a comprehensive business plan that shows how the E-2 business will make a significant contribution to the economy of the United States. The process is complex and takes time, and the help of an immigration attorney is crucial.
Here are the steps you need:
Step 1: Research Your MarketThe first step in developing a business plan for your E-2 Visa application is to conduct thorough research on your market to answer questions such as:
Who are your ideal customers? Where do they live? How would you reach them?
Is there a demand for your products or services?
How many people would be interested in the products or services you offer?
Step 2: Write Your Business PlanThe next step is to sit down and draft your E-2 business plan – the core element of your E-2 Visa application. Your E-2 business plan will help the consulate officer who is reviewing your application gauge your E-2 business’ likelihood of being successful and making a significant contribution to the economy of the United States within five years.
Your business plan should, among other things:
Describe your company, emphasizing the reasons why you believe it will be successful and what advantages it has over its competitors;
Highlight your expertise and understanding of the market;
Explain how you will attract and retain customers and generate sales; and
Outline business growth strategies.
Step 3: Secure Your Investment FundsThe next step is to secure adequate funds to own and operate your new business in the United States. The applicant must control the E-2 investment funds. Such control means the money you invest must come from a personal bank account. Loans secured by your assets and documented gifts will also qualify. In addition, you must be able to prove you obtained the funds legally.
To qualify for an E-2 Visa, you must show that you have enough money to support yourself and your family while you build your E-2 business. As an E-2 Visa holder, you cannot work for a business other than your E-2 business.
There is no minimum amount of capital required to obtain an E-2 Visa. However, your investment must be “substantial” to qualify. The amount of capital you must invest will depend on the type of business you are running.
Step 4: Hire an E-2 Visa AttorneyBecoming a business owner in the United States requires drafting and following the steps of a comprehensive business plan. However, there is no reason to go on this journey alone. An experienced business immigration attorney who knows how this wonderful visa category works can dramatically increase the chances of approval.
At Jurado & Farshchian, P.L., the things our immigration experts can do include:
Reviewing your E-2 Visa application to find areas that require further work;
Assisting with the collection of all the documents necessary to support your E-2 Visa application;
Helping you draft a comprehensive E-2 business plan that meets all the E-2 Visa requirements; and
Ensuring your E-2 Visa application is in the best possible shape to help the consulate officer make an informed decision.