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How to Get an American Visa and Start a Business in 2023? – Immigration Insights from Webinar with Shamayev Law

Updated 26.03.24 7 minutes read
Business PlansImmigrationPrevious Events

A well-crafted business plan is the cornerstone of a successful business immigration journey. The U.S. market has remained a popular business immigration destination, whether the entrepreneurs or investors plan to open, relocate or acquire a business.

On February 6th, 2023, Gerald Padilla, Joorney’s Vice President of Sales, was a guest at Shamayev Business Law Corporation’s Instagram Live. With Stanislav Shamayew, the law firm’s host and founder, Gerald discussed:

Joorney Business Plans have supported Shamayev Business Law Corporation’s clients for over 5 years. Thank you, Stanislav, for this highly informative webinar.

Why should people choose the U.S. for opening or relocating their businesses?

The United States is a top choice for businesses seeking to grow and expand their operations, given the country’s numerous benefits and opportunities.

Among these advantages is the USA’s vast and diverse consumer market, unmatched by any other country in the world, with over 330 million people offering enormous potential for businesses to expand their customer base. In addition to the broad consumer base, the country’s advanced infrastructure and extensive transportation networks make it easy for companies to ship goods across the country quickly and efficiently.

Another key benefit of doing business in America is the country’s unrivaled access to finance and capital markets, which makes it easy for companies to secure the funding they need to grow. This access to capital allows businesses to scale their operations, invest in innovation, and tap into new markets.

Regulations in the U.S. are generally more favorable compared to those in other countries, allowing for greater flexibility when establishing operations. The favorable business climate in the U.S. makes it an attractive destination for entrepreneurs, especially those looking to start a new venture or relocate their existing business.

How to open your own business or buy an existing one in the U.S. to get an American visa for you and your family (shortly about visa programs)?

Starting a business in the United States as a foreign national is a complex undertaking, but it can be a highly rewarding and profitable venture with the right preparation and planning.

Alongside the standard requirements for starting a business, there are specific visa programs available for entrepreneurs to purchase or establish businesses in the U.S., including:

It is highly recommended to work with a qualified immigration attorney to ensure that the visa application process is seamless. Each visa program has its specific requirements and limitations, and entrepreneurs need to understand the nuances of each program to select the most suitable option.

All mentioned visa programs require a well-designed immigration business plan that outlines critical aspects of the business, such as the structure, target market, competition, and financial projections. However, more than simply having a plan is required. It is also advisable to have a good understanding of the regulatory and compliance frameworks governing businesses in the U.S. to avoid potential legal and financial pitfalls.

Why do people need a business plan when opening a business in the U.S.?

For foreign nationals seeking to open a business in the U.S., a business plan is essential for the immigration process, particularly for E2, L1, and EB5 visa applications.

The E2 visa requires a comprehensive business plan outlining the investment and ownership structure, while the L1 visa requires a detailed description of the company’s operations in the U.S. and abroad. On the other hand, the EB5 visa requires a business plan that includes financial projections, job creation estimates, and other crucial details to demonstrate the potential for a successful and viable business.

A well-constructed business plan is an essential component of visa application and serves as a guide for building a successful and sustainable business in the United States of America.

What criteria do immigration business plans satisfy for the visas: E-2, L-1, and EB-5?

A business plan for the E-2 Treaty Investor Visa must demonstrate that the investment is substantial, will create jobs for U.S. workers, and will be used to start a new business or purchase an existing one.

Similarly, a business plan is necessary when applying for the L-1 Intracompany Transfer Visa. The business plan for this visa must show that the foreign national is being transferred to a U.S. company with a qualifying relationship with their foreign employer.

For the EB-5 Immigrant Investor Visa, the business plan must show that the investment is substantial and will create jobs for U.S. workers. The business plan should also detail how the investment will be used to start a new business or purchase an existing one.

A comprehensive business plan is crucial when starting a business in the United States. Stricter regulations and laws for foreign nationals make understanding compliance essential. The U.S. is home to some of the world’s largest and most successful businesses, so knowing your competition, identifying your unique selling proposition, and developing market strategies are necessary. A solid business plan is also key when seeking funding from investors or lenders and helps to plan and prepare for potential challenges and obstacles.

How to create a thorough business plan that will help you get a U.S. and lay a solid foundation for your future company?

A well-prepared business plan can serve as a roadmap for your future company and increase your chances of success. Here is a detailed structure:

  • Executive Summary: This section should provide a brief overview of your business plan, including your goals, strategies, and expected outcomes.
  • Market Analysis: This section should provide a thorough analysis of the market and industry you plan to enter, including the target customers, competitors, and trends in the industry.
  • Company Description: This section should provide a detailed description of your company, including the products or services you offer, your team, and your business structure.
  • Financial Projections: This section should provide realistic financial projections for your company, including projected revenue, expenses, and profits.
  • Visa Requirements: This section should outline the specific visa requirements for your business and explain how your business plan meets these requirements.
  • Marketing Plan: This section should outline your marketing strategies and explain how you plan to reach and engage with your target customers.
  • Operations Plan: This section should outline your operational processes and explain how you plan to manage and grow your company over time.

Ultimately, your business immigration documents will not be complete without an immigration business plan. Whether you plan to write it by yourself or to have someone do it for you, pay attention to include market analysis, business descriptions, and financial projections.

Consider how much time you need to spend to write a good business plan and whom you are writing the business plan for.

The biggest changes require support – the mail company, the internet connection, the airplane company, the estate agent… So why not accept the support for the most important document?

As Stanislav said, the most important thing is not to fear this change. Joorney has helped change so many lives, and we would be honored to support you.