Discussing the Key Characteristics of an E2 Visa Business Plan

The United States approves over 60,000 immigrant visas each year through multiple visa programs like the E2 visa program. An E2 visa allows foreigners to live in the United States for up to 5 years if they can start a new successful business or take over an existing one. The business must positively impact the American economy and generate enough income to comfortably support the family without additional financial aid.

Applications are only approved when they can show proof of a valid E2 visa business plan in addition to meeting other requirements. An E2 visa business plan is a required document that helps to demonstrate your business will meet the other required elements of the application process. Here’s what you need to know about the key characteristics of the E2 visa business plan. 

Funding Plan and Sales Projections

A great E2 visa business plan will include an introduction to your business and an irresistible value proposition. You’ve got to show how and why your business will be successful for at least 5 years from the date you open the doors. The funding plan should include the ownership and management structure of the business along with all stakeholder and investment roles. 

The sales projections of a US E2 visa business plan should include comprehensive financial revenue and obligatory projections along with protocols for daily operations. An executive summary detailing the products or services offered should show how the business will positively impact the immediate community and the American economy. 

Hiring Plan with Job Descriptions

A great E2 visa business plan will include a hiring plan and job descriptions for each position within the business. It is necessary to prepare a report detailing how applicants will be screened along with the ideal persona for each position being filled. You’ll want to include industry trends, demographics, and operational strategies aimed at succeeding in the marketplace. 

Projected Income and Balance Sheets

Income statements and balance sheets are important to show the financial health of any business, but they are a crucial part of the E2 visa business plan. You’ll want to offer comprehensive financial reports, including 5-year projections, cash flow statements, and strategies for scaling. A profit and loss analysis projection, potential break-even data, and management support information should be an essential part of the projected income portion of your E2 visa business plan. 

Partner with a Consultant

While partnering with a consultant is not a requirement, it greatly increases the applicant’s odds of approval. An E2 visa business plan is a complex report requiring multiple comprehensive elements for success. The smallest mistake or missing piece of information can cause the E2 visa business plan to be rejected. Securing an E2 visa is a challenging task that requires a well-crafted application with a solid E2 visa business plan prepared by an experienced industry consultant. If you are planning to relocate or expand your business into the United States of America, consider partnering with a consultant who can help you prepare the ideal E2 visa business plan today.