As an EB-5 investor, your business plan is not the average plan other future business owners are creating. Because of your visa application, you have specific needs and requirements to meet at each stage. Within these requirements is a very clear outline of what needs to be included in that plan to comply with both USCIS needs and Matter of Ho.
EB-5 business plans
The EB-5 business plan submitted with EB-5 petitions need to explain to USCIS the reasons why this business will be successful in the U.S. and what it can bring to the country. The more detailed the plan, the better the immigration officer can understand why this business will be beneficial.
EB-5 visa business plans need to present each of the following elements in detail, in a professional manner and include any supporting data or documentation you have available.
The business description gives the USCIS an overview of the industry, purpose, mission and plans of the proposed business.
Many EB-5 investors create a new business, and in doing so, investors need to explain the business structure. The three most common for EB-5 investments are:
- limited partnerships
- limited liability companies
The structure will have legal, tax and management implications.
EB-5 business plans must include target market analysis and a marketing plan to explain how your business will find and target potential customers.
You need to be sure to include a personnel plan, explaining the experience of management and key personnel and the functions they’ll fulfill.
A competitor analysis, including what makes this new business unique and how it will fill any gaps in the market, should be included with all EB-5 plans.
As with most business plans, the financial projections, including budgets, sales and costs, need to be explained for a five-year period, showing the source and uses of funds.
Another unique element of these plans is showing that research for all required licenses and permits for operating the business has been done, and the investor understands what will need to be done to launch the business.
Finally, because part of EB-5 visas involve a job creation requirement, EB-5 business plans need to include the job descriptions of each position and the timetable for hiring the 10 new, full-time positions EB-5 visa investors need to create. Show a detailed staffing plan to fulfill the requirement.
Contact expert EB-5 business plan writers at Bargain Business Plan for help with creating a plan to submit with your visa application. We have helped thousands of immigrant investors comply with Matter of Ho and explain the value of their businesses to USCIS.