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How to Position Yourself as a Tech Entrepreneur for an EB-2 NIW Visa

Updated 24.06.24 10 minutes read
Business PlansImmigration

If you want to bring an innovative tech startup to the United States, an EB-2 NIW (National Interest Waiver) visa could be the path forward. The EB-2 NIW visa is designed to help exceptionally talented individuals live and work in the U.S. without first having a valid employment letter or offer of sponsorship. 

Under the EB-2 NIW program, the applicant’s talent and likely contribution alone are sufficient to believe it is in the “national interest” to allow him or her to relocate to the United States without some of the requirements that apply to other visa categories. 

Professionals with advanced degrees in Science, Technology, Engineering, or Mathematics (STEM), particularly those involved in critical and emerging technologies or fields important to U.S. competitiveness or national security, are more likely to be granted an EB-2 NIW visa. Entrepreneurs with a proven track record, supported by investments, incubator participation, or significant innovations, are also strong candidates. Overall, individuals who can provide substantial evidence of their contributions to their fields and the potential national benefits of their work are well-positioned for EB-2 NIW.

The Role of a Business Plan in EB-2 NIW Applications

Providing confirmation of your academic credentials, professional background, and experience working with technology is the foundation of any EB-2 NIW application, but there are other forms of documentation that can help make a more compelling case.

Although it isn’t part of the formal requirements of an EB-2 NIW visa application, immigration professionals recommend including business plans to support and document the applicant’s case. Business plans go beyond the requirements of the EB-2 NIW application to emphasize the value of the applicant’s plans to the economy.

EB-2 NIW Visa for Tech Entrepreneur

A well-written business plan for an EB-2 NIW visa application helps to demonstrate why issuing the visa is justified and aligned with the goals of the visa program, which is a key eligibility requirement.

The business plan should include industry and market analyses highlighting the value and potential of the applicant’s future work in the United States. This is an essential component of any business plan but is especially important for applicants seeking the EB-2 NIW visa.

For tech entrepreneurs, including a business plan may seem odd since the applicant is using his or her talents and skills as the “business” to be developed. For the purposes of the EB-2 NIW, however, the purpose of the business plan is to explain how the applicant plans to leverage those skills into beneficial economic activities. 

Business plans detailing future activities in the U.S. show:

  • The positive impact of the applicant’s activities on the US economy
  • The potential for the creation of job opportunities 
  • The potential for richer working environment for Americans

In addition to this, well-researched business plans will also demonstrate how:

  • The applicant’s academic qualifications or exceptional abilities are flexible and adaptable to a number of different industries  
  • The applicant’s business endeavor can actually serve the national interest by addressing the shortage of advanced skills in certain areas   

Two types of business plans are available for EB-2 NIW visa applicants: Personal or Professional Plans and Company or Business Plans. Each type of plan caters to different situations and goals.

Types of Business Plans

There are two different types of business plans to choose from, depending on the circumstances of the application.

Personal or Professional Plan

A personal or professional plan is ideal for EB-2 NIW visa applicants who do not have a company as part of their application strategy. This plan focuses on showcasing the exceptional ability of the applicant and the economic advantages of adding his or her skill set to the U.S. economy.

This plan includes the applicant’s professional background, qualifications, and experience. It also highlights their research, publications, awards, or other achievements that showcase their exceptional ability. The plan also demonstrates how the applicant’s proposed endeavor will benefit the U.S. economy or other aspects of its national interest.

Company or Business Plan

A company or business plan is recommended when the applicant plans to establish a company.

This type of plan includes information regarding the business and highlights job creation and financial projections for the next five years.

This plan typically includes an executive summary, company description, industry analysis, marketing and sales strategies, financial projections, management and personnel, and supporting documents. It can also include market research and competitive analyses that demonstrate the company’s unique value proposition.

In both cases, the business plan should showcase the national interest strategy and the overall benefit to the U.S.

EB-2 NIW Visa for Tech Entrepreneur

Tips for Writing an Effective Business Plan for the EB-2 NIW Application

A well-crafted business plan enhances the appeal and merit of any EB2-NIW visa application. Here are some tips to keep in mind when creating a plan:

  • Conduct comprehensive industry and market analysis: To underscore the national interest strategy and highlight the significance of the specific field to the U.S., it is crucial to carry out an in-depth analysis of the industry and market. This analysis should encompass current trends, market size, and competitive landscape.
  • Emphasize the unique value proposition of the proposed endeavor: The business plan should clearly illustrate how the proposed business stands out and will contribute to the U.S. economy, culture, or other areas of national interest.
  • Include detailed financial projections: The business plan must incorporate financial projections that showcase the proposed endeavor’s viability. These projections should span at least five years and detail both revenue and expenses.
  • Showcase the applicant’s qualifications and experience: The business plan should highlight the applicant’s exceptional abilities, professional experience, academic credentials, and other pertinent skills.
  • Highlight the overall benefit of the proposed endeavor for the U.S.: The business plan should explicitly demonstrate the overall economic advantages the proposed business will bring to the U.S.

Why Joorney is the Right Choice for EB-2 NIW Applicants

Joorney specializes in creating business plans for EB-2 NIW visa applicants. We understand the importance of a convincing business plan that shows how the proposed business aligns with the needs of the U.S. economy. 

Here are the top reasons why Joorney Business Plans is the right choice for EB-2 NIW visa applicants:

  • Extensive expertise in EB-2 NIW visa business plans: We craft over 3,000 business plans annually for EB-2 NIW visa applicants, collaborating with more than 1,000 lawyers on these projects. This extensive experience has provided us with in-depth knowledge of the specific requirements for EB-2 NIW visa applications.
  • Tailored plans to suit your unique situation and goals: We recognize that each applicant’s circumstances and objectives are distinct. Therefore, we work closely with each client to develop a customized plan that effectively tells their story and optimizes their chances of success.
  • Diverse industry and field experience: Our team of writers has experience across a wide range of industries and fields, from IT & Software to the arts. This diverse expertise enables us to create plans that are tailored to each applicant’s specific industry and field of practice.
  • Meticulous attention to detail and accuracy: We understand the critical importance of accuracy and attention to detail in business plans for EB-2 NIW visa applications. Our team of writers and editors meticulously reviews each plan to ensure it meets all the specific requirements of the application process.

Let Joorney help you pursue your professional goals 

A well-written business plan can make all the difference when it comes to an EB-2 NIW visa application from tech entrepreneurs. It can showcase the national interest strategy, demonstrate the exceptional ability of the applicant, and highlight the overall benefit to the U.S.

Our team of international, multilingual consultants at Joorney understands the importance of crafting a high-quality business plan that meets the specific requirements of the EB-2 NIW visa application process. We want to help you tell your story and showcase your potential so that you can take the next step toward achieving your goals.

If you’re interested in learning more about how we partner with immigration attorneys or want to get started on your EB-2  project, reach out to us today.

Disclaimer: Joorney Business Plans is not a law firm nor an immigration consulting firm, and all information provided in this document should not be considered as legal advice or any advice or recommendation on any immigration application program. All information provided in this document should be verified by a licensed or certified immigration professional before the reader can act on this information. As such, it is understood that Joorney Business Plans Inc. shall not be liable for any loss or damage of whatever nature (direct, indirect, consequential, or other), whether arising in contract, tort, or otherwise, which may arise as a result of your use of (or inability to use) this document, or from your use of (or failure to use) the information on this document.