immigration services business plan

Immigration Consulting Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » B2C Sector

Are you about starting an immigration consulting firm ? If YES, here is a complete sample immigration consulting business plan template & feasibility report you can use for FREE .

If you are a lawyer or someone who has a background in immigration matters, and you yet are thinking about starting your business, then you should consider starting your own immigration consulting firm. There are many migrants who are trapped simply because they don’t know who to talk to when they have challenges with immigration issues that is why it is important to set up your own immigration attorney agency.

Being an immigration consultant or attorney means that you will help your clients handle all their immigration concerns, help to become a citizen of a new country of their choice, you will help defend your clients who have deportation case with the government from being deported.

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You can also help your clients obtain work permits in their new country of residence; you can help your client start a business in another country and any other immigration related issues. Starting an immigration consulting firm is not too expensive except for the money required to rent and furnish an office space.

Running this type of business requires that you should be trained as a lawyer and it is indeed a very lucrative business in the United States, Canada, Australia and The United Kingdom simply because of the inflow of migrants from different parts of the world.

If you are truly convinced that starting an immigration consulting firm is the right business for you to do, then you need to write your own business plan. Below is a sample immigration consulting firm business plan template that will help you successfully write yours with little or no stress;

A Sample Immigration Consulting Firm Business Plan Template

1. industry overview.

Players in the immigration consulting firms industry offer services relating to the legal status of individuals, including permanent residency and visa services. These services include submitting visa applications, providing visa advice, and preparing for and representing before a court of review authority in relation to visa applications and related matters.

Basically, immigration lawyers and attorneys who are major players in this industry assist individuals in obtaining visas and gaining US citizenship, defend the rights of immigrants, navigate the issues of illegal immigration and assist businesses in understanding immigration issues in a global marketplace.

In spite of high levels of immigration, the growth experienced in the industry was stifled due to falling per capita disposable income and corporate profit, causing individuals and corporations to find alternatives to industry services. Nevertheless, revenue is expected to rise as post – recessionary conditions benefit corporate profit and stricter federal and state immigration laws are implemented.

The Immigration Consulting Firms cum Immigration Lawyers & Attorneys Industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Holland, Switzerland, Australia and Canada et al.

Statistics has it that in the united states of America alone, there are about 6,171 registered and licensed immigration consulting firm scattered all across the United States responsible for employing about 39,677 and the industry rakes in a whooping sum of $6 billion annually.

The industry is projected to grow at 0.1 percent annual growth within 2011 and 2016. It is important to state that there is no establishment in this industry that has a lion market share. The geographic distribution of immigration consulting firms and revenue in the industry is based on population levels and business locations.

Immigration consulting firms tend to be located in areas with high populations; as such areas tend to have higher migrant levels, which can lead to visa applications for family members and for students. As businesses use immigration consulting firms for employer sponsored visa applications, many industry firms generally tend to locate near business regions.

Lastly, one thing is certain about starting an immigration consulting firm, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to secure clients because there are always individuals, and corporate organization who would want to hire your services from time to time.

2. Executive Summary

Johnson & Calvin® Consulting, LLP is a registered and licensed immigration consulting firm that will be based in New York City – New York.

The firm will handle all aspect of immigration related services; services such as assisting individuals in obtaining visas and gaining US citizenship, defend the rights of immigrants, navigate the issues of illegal immigration and assist businesses in understanding immigration issues in a global marketplace.

We are aware that to run a standard immigration consulting firm can be demanding which is why we are well trained, certified and equipped to perform excellently well. Johnson & Calvin® Consulting, LLP is a client – focused and result driven immigration consulting firm that provides broad- based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.

We will offer a standard and professional immigration consulting services to all to our individual clients, and corporate clients at national, and international level. We will ensure that we work hard to meet and surpass our clients’ expectations whenever they hire our services.

At Johnson & Calvin® Consulting, LLP, our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the immigration consulting industry

Johnson & Calvin® Consulting, LLP will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position the business to become the leading brand in the immigration consulting industry in the whole of New York City – New York, and also to be amongst the top 20 immigration consulting firms in the United States of America within the first 10 years of operations.

This might look too tall a dream but we are optimistic that this will surely be realized because we have done our research and feasibility studies and we are enthusiastic and confident that New York City – New York is the right place to launch our immigration consulting firm before sourcing for clients from other cities in The United States of America.

Johnson & Calvin® Consulting, LLP is founded by Johnson Brownstone and Calvin Jefferson, his business partner for many years. The organization will be managed by both of them since they have adequate working experience to manage such business.

Johnson Brownstone has well over 5 years of experience working at various capacities within the immigration consulting industry in the United States of America. Johnson Brownstone and Calvin Jefferson are Immigration Attorneys. They both have the required experience and qualifications to build a world class immigration consulting firm.

3. Our Products and Services

Johnson & Calvin® Consulting, LLP is going to offer varieties of services within the scope of the immigration consulting industry in the United States of America. Our intention of starting our immigration consulting firm is to favorably compete with leading players in the immigration consulting industry both in the United States of America and in the world at large.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;

• Provide legal advice about the ability to reside in the United States and country of their choice
• Collect and submit appropriate documentation to prove a case
• Helps obtain the type of documentation needed to legally reside within the country
• Obtain immediate access to citizenship in emergency situations
• Represent our clients in court
• Assist with citizenship tests
• Defend a person’s case to prevent him or her from being deported
• Handle family-sponsored immigrants, employment-based immigrant visas, Diversity programs, Refugees and Asylees and other categories

4. Our Mission and Vision Statement

• Our vision is to build an immigration consulting brand that will become the number one choice for both individual and corporate clients in the whole of New York City – New York. Our vision reflects our values: integrity, service, excellence and teamwork.
• Our mission is to position our immigration consulting firm to become the leading brands in the immigration consulting industry in the whole of New York City – New York, and also to be amongst the top 20 immigration consulting firms in the United States of America within the first 10 years of operations.

Our Business Structure

Normally we would have settled for two or three full – time staff members, but as part of our plan to build a standard immigration consulting firm in New York City – New York, we have perfected plans to get it right from the beginning which is why we are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our organization.

The picture of the kind of immigration consulting firm we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around New York City – New York. We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

• Chief Executive Officer
• Immigration Lawyers / Attorneys and Consultants

Admin and HR Manager

Marketing and Sales Executive

• Customer Care Executive / Front Desk Officer

5. Job Roles and Responsibilities

Chief Executive Office:

• Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
• Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
• Responsible for fixing prices and signing business deals
• Responsible for providing direction for the business
• Responsible for signing checks and documents on behalf of the company
• Evaluates the success of the organization

Immigration Attorneys / Lawyers and Consultants

• Provides legal advice about the ability to reside in the United States and country of their choice
• Collects and submits appropriate documentation to prove a case
• Obtains immediate access to citizenship in emergency situations
• Represents our clients in court
• Assists our clients with citizenship tests
• Defends a person’s case to prevent him or her from being deported
• Handles family-sponsored immigrants, employment-based immigrant visas, Diversity programs, Refugees and Asylees and other categories
• Responsible for overseeing the smooth running of HR and administrative tasks for the organization
• Designs job descriptions with KPI to drive performance management for clients
• Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
• Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
• Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
• Defines job positions for recruitment and managing interviewing process
• Carries out staff induction for new team members
• Responsible for training, evaluation and assessment of employees
• Responsible for arranging travel, meetings and appointments
• Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
• Oversees the smooth running of the daily office activities.
• Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
• Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of relevant projects.
• Writes winning proposal documents, negotiate fees and rates in line with company policy
• Responsible for handling business research, marker surveys and feasibility studies for clients
• Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
• Develops, executes and evaluates new plans for expanding increase sales
• Documents all customer contact and information
• Represents the organization in strategic meetings
• Helps to increase sales and growth for the organization
• Responsible for preparing financial reports, budgets, and financial statements for the organization
• create reports from the information concerning the financial transactions recorded by the bookkeeper
• Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
• Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
• Responsible for financial forecasting and risks analysis.
• Performs cash management, general ledger accounting, and financial reporting for one or more properties.
• Responsible for developing and managing financial systems and policies
• Responsible for administering payrolls
• Ensures compliance with taxation legislation
• Handles all financial transactions for the company
• Serves as internal auditor for the organization

Client Service Executive / Front Desk Officer

• Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
• Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
• Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
• Manages administrative duties assigned by the manager in an effective and timely manner
• Consistently stays abreast of any new information on the organization’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients
• Receives parcels / documents for the organization
• Distributes mails in the organization
• Handles any other duties as assigned the line manager

6. SWOT Analysis

Johnson & Calvin® Consulting, LLP engaged the services of a core professional in the area of business consulting and structuring to assist the firm in building a well – structured immigration consulting firm that can favorably compete in the highly competitive immigration consulting industry.

Part of what the team of business consultant did was to work with the management of our organization in conducting a SWOT analysis for Johnson & Calvin® Consulting, LLP. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Johnson & Calvin® Consulting, LLP;

Our core strength lies in the power of our team; our workforce. We have a team of highly qualified immigration attorneys and support staff members that can go all the way to give our clients value for their money; a team that are trained, qualified and equipped to pay attention to details and to deliver excellent immigration consulting services. We are well positioned and we know we will attract loads of clients from the first day we open our doors for business.

As a new immigration consulting firm, it might take some time for our organization to break into the market and gain acceptance especially from big corporate clients in the already saturated immigration consulting industry; that is perhaps our major weakness. So also, we may not have the required cash to give our business the kind of publicity we would have loved to.

• Opportunities:

The opportunities in the architectural services industry is massive considering the number of construction and real estate companies who can’t do with key services provided by only the architectural industry. As a standard and well – positioned architectural service firm, we are ready to take advantage of any opportunity that comes our way.

Some of the threats that we are likely going to face as an immigration consulting firm operating in the United States are unfavorable government policies , the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing / spending power.

There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good.

7. MARKET ANALYSIS

• Market Trends

The immigration consulting industry is indeed a very large industry and of course it is one industry that works for individuals and corporate organizations.

The big catch in this industry is the fact that loads of people from other countries especially from developing countries will give up anything to migrate and become legal citizens of the United States or to visit, study and do business in the United States. This is the chief reason why the immigration consulting industry is a thriving business venture in the United States

It is a bit challenging for new entrant to come into this industry; the primary barrier to the entry for new establishment is the stiff registration requirements applicable in most countries not just the United States of America.

As a matter of fact, immigration consulting firms cum immigration attorneys must comply with local licensing criteria set out by registration boards and professional associations to obtain registration in their country or the state they want to operate from.

This usually requires applicants to hold an accredited tertiary qualification before they can undertake written tests of skills, knowledge and abilities.

Lastly, the geographic distribution of immigration consulting firms and revenue in the industry is based on population levels and business locations. Immigration consulting firms tend to be located in areas with high populations; as such areas tend to have higher migrant levels, which can lead to visa applications for family members and for students.

As businesses use immigration consulting firms for employer sponsored visa applications, many industry firms generally tend to locate near business regions.

8. Our Target Market

The demographic and psychographics composition of those who need the services of immigration consulting services providers cut across individuals, small businesses and large corporations.

Johnson & Calvin® Consulting, LLP will initially serve small to medium sized business, from new ventures to well established businesses and individual clients, but that does not in any way stop us from growing to be able to compete with the leading immigration consulting firms in the United States.

As a standard and licensed immigration consulting firm, Johnson & Calvin® Consulting, LLP offers a wide range of immigration consulting services hence we are well trained and equipped to services a wide range of clientele base. Our target market cuts across businesses of different sizes in both the individual and corporate clients.

We are coming into the industry with a business concept that will enable us work with individuals, small businesses and bigger corporations in and around New York City – New York and other cities in the United States of America. Below is a list of the people and organizations that we have specifically design our products and services for;

• International Students
• Undocumented Migrants
• Sport Clubs
• Construction Companies
• Real Estate Firms
• Individuals
• Blue Chips Companies
• Corporate Organizations
• Religious Organizations
• Hotels and Restaurants
• The Government (Public Sector)

Our competitive advantage

The level of competitions in the immigration consulting services industry depends largely on the location of the business and of course the Business model . If you can successfully create a unique brand identity for your immigration consulting firm or carve out a unique market, you are likely going to experience less competition.

For instance, if you are one of the few immigration consulting firms in your locations that has the most qualified and experienced immigration attorney under your payroll, you are likely going to have a competitive advantage over your competitors.

We are quite aware that to be highly competitive in the immigration consulting industry means that we should be able to deliver expected results, our clients should be able to pay for our services and we should be able to meet the expectations of clients.

Johnson & Calvin® Consulting, LLP might be a new entrant into the immigration consulting industry in the United States of America, but the management staffs and owners of the business are considered gurus. They are people who are core professionals and licensed and highly qualified immigration attorneys and experts in the United States. These are part of what will count as a competitive advantage for us.

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (start – ups immigration consulting firms) in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Johnson & Calvin® Consulting, LLP is established with the aim of maximizing profits in the immigration consulting industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis. Johnson & Calvin® Consulting, LLP will generate income by offering the following immigration consulting services;

10. Sales Forecast

One thing is certain, there would always be undocumented migrants, international students, individuals, sport clubs, expatriates and corporate organizations et al that would need the services of professional architectural services providers.

We are well positioned to take on the available market in New York City – New York and other key cities in the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond New York City to other cities in New York and other states in the U.S.

We have been able to critically examine the immigration consulting services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in New York City – New York.

Below are the sales projections for Johnson & Calvin® Consulting, LLP, it is based on the location of our business and the wide range of immigration consulting and advisory services that we will be offering to our clients;

• First Fiscal Year-: $250,000
• Second Fiscal Year-; $450,000
• Third Fiscal Year-: $950,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

• Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiffer competitions amongst immigration consulting firms and other related immigration service providers in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard and world – class immigration consulting firm that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our immigration consulting firm to become one of the top 20 immigration consulting firms in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the New York City – New York, but also in other cities in the United States of America.

Johnson & Calvin® Consulting, LLP is set to make use of the following marketing and sales strategies to attract clients;

• Introduce our immigration consulting firm business by sending introductory letters alongside our brochure to migrant communities, sport clubs, corporate organizations, households and key stake holders in New York City and other cities in New York.
• Advertise our business in relevant magazines, newspapers, TV stations, and radio station.
• List our immigration consulting firm business on yellow pages’ ads (local directories)
• Attend relevant international and local immigrations, international studies and business expos, seminars, and business fairs et al
• Create different packages for different category of clients (start – ups and established corporate organizations) in order to work with their budgets and still deliver quality immigration consulting services to them
• Leverage on the internet to promote our immigration consulting firm
• Engage in direct marketing approach
• Encourage word of mouth marketing from loyal and satisfied clients
• Join local chambers of commerce and industries with the aim of networking and marketing our services.

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street or the city they are operating from must be ready and willing to utilize every available means (both conventional and non – conventional means) to advertise and promote the business. We intend growing our business which is why we have perfected plans to build our brand via every available means.

We know that it is important to create strategies that will help us boost our brand awareness and to create a corporate identity for our architectural services firm business. Below are the platforms we will leverage on to boost our brand and to promote and advertise our business;

• Place adverts on community based newspapers, radio stations and TV stations.
• Encourage the use of word of mouth publicity from our loyal customers
• Leverage on the internet and social media platforms like; YouTube, Instagram, Facebook, Twitter, LinkedIn, Snapchat, Badoo, Google+  and other platforms to promote our business.
• Ensure that we position our banners and billboards in strategic positions all around New York City – New York
• Distribute our fliers and handbills in target areas in and around our neighborhood
• Contact migrant communities, sport clubs, and corporate organizations et al by calling them up and informing them of Johnson & Calvin® Consulting, LLP and the services we offer
• Advertise our business in our official website and employ strategies that will help us pull traffic to the site
• Brand all our official cars and trucks and ensure that all our staff members and management staff wears our branded shirt or cap at regular intervals.

12. Our Pricing Strategy

Hourly billing for immigration consulting services is a long – time tradition in the industry.  However, for some types of immigration consultancy services, flat fees make more sense because they allow clients to better predict consultancy costs.

As a result of this, Johnson & Calvin® Consulting, LLP will charge our clients a flat fee for many basic services such as assist individuals in obtaining visas and gaining US citizenship, defend the rights of immigrants, navigate the issues of illegal immigration and assist businesses in understanding immigration issues in a global marketplace et al.

At Johnson & Calvin® Consulting, LLP we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance. In addition, we will also offer special discounted rates to start – ups, nonprofits, cooperatives, and small social enterprises.

We are aware that there are some clients that would need regular access to immigration consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

• Payment Options

The payment policy adopted by Johnson & Calvin® Consulting, LLP is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Johnson & Calvin® Consulting, LLP will make available to her clients;

• Payment via bank transfer
• Payment with cash
• Payment via credit cards / Point of Sale Machines (POS Machines)
• Payment via online bank transfer
• Payment via check
• Payment via mobile money transfer
• Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for all immigration consultancy and advisory services rendered.

13. Startup Expenditure (Budget)

When it comes to calculating the cost of starting an immigration consulting firm, there are some key factors that should serve as a guide. Besides, in setting up any business, the amount or cost will depend on the approach and scale you want to undertake.

If you intend to go big by renting / leasing a big facility, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting an immigration consulting firm; it might differ in other countries due to the value of their money. Below are some of the basic areas we will spend our start – up capital in setting up our immigration consulting firm;

• The total fee for incorporating the Business in the United States of America – $750.
• The total cost for payment of insurance policy covers (general liability, workers’ compensation and property casualty) coverage at a total premium – $9,400
• The amount needed to acquire a suitable Office facility in a business district 6 months (Re – Construction of the facility inclusive) – $40,000
• The total cost for hiring Business Consultant – $2,500
• The cost for equipping the office (computers, software applications, printers, fax machines, furniture, telephones, filing cabins, safety gadgets and electronics et al) – $5,000
• Marketing promotion expenses for the grand opening of Johnson & Calvin® Consulting, LLP in the amount of $3,500 and as well as flyer printing (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
• The cost for purchase of the required software applications (Visa tracking Software, Payroll Software, CRM software, and Accounting Software et al) – $10,500
• The cost of launching our official Website – $600
• Budget for paying at least three employees for 3 months plus utility bills – $10,000
• Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) – $2,500
• Miscellaneous: $1,000

Going by the report from the market research and feasibility studies conducted, we will need over one hundred and fifty thousand (150,000 ) U.S. dollars to successfully set – up a small scale but standard immigration consulting firm in the United States of America.

Generating Funds / Startup Capital for Johnson & Calvin® Consulting, LLP

No matter how fantastic your business idea might be, if you don’t have the required money to finance the business, the business might not become a reality. No doubt raising start – up capital for a business might not come cheap, but it is a task that an entrepreneur must go through.

Johnson & Calvin® Consulting, LLP is a business that will be owned and managed by Johnson Brownstone and his business partner Calvin Jefferson. They are the sole financial of the firm, but may likely welcome partners later which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

• Generate part of the start – up capital from personal savings
• Source for soft loans from family members and friends
• Apply for loan from my Bank

N.B: We have been able to generate about $50,000 ( Personal savings $40,000 and soft loan from family members $10,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Johnson & Calvin® Consulting, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our immigration consultancy and advisory services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Johnson & Calvin® Consulting, LLP will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Incorporation: Completed
• Opening of Corporate Bank Accounts various banks in the United States: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Securing a standard office facility (renovation of the facility inclusive): Completed
• Purchase of All form of Insurance for the Business: Completed
• Conducting Feasibility Studies: Completed
• Generating part of the start – up capital from the founder: Completed
• Applications for Loan from our Bankers: In Progress
• Writing of Business Plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
• Recruitment of employees: In Progress
• Purchase of the Needed software applications, furniture, office equipment, electronic appliances and facility facelift: In progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business (Business PR): In Progress
• Health and Safety and Fire Safety Arrangement: In Progress
• Establishing business relationship with vendors and key players in the industry: In Progress

Buffalo: (716) 970-4007  |  Toronto: (866) 697-1832

Buffalo: (716) 970-4007  |  Toronto: (866) 697-1832

What does a business plan for immigration look like?

You must produce a business plan if you apply for a new office L-1 Visa or an E-2 Visa for a new business. A business plan for immigration differs from a traditional one, which is obtaining funding from a bank or other business purposes. When applying for a new office L-1 Visa or E-2 visa for a new investment, make sure your business plan is immigration compliant. We discuss the basic requirements of a business plan for immigration purposes here.

What does a business plan for immigration purposes look like?

Business plans for immigration purposes must contain specific details to meet visa requirements. This is especially important for business plans supporting new office L-1 and E-2 visa applications based on a new business. The necessary factors for an immigration business plan can be found in the Board of Immigration Appeals decision, Matter of Ho – Business Plan,   9 FAM 4029 TREATY TRADERS INVESTORS AND SPECIALTY OCCUPATIONS – E VISAS. , and 9 FAM 40212 U INTRACOMPANY TRANSFEREES – L VISAS . Accordingly, the following should be included in a proper immigration business plan:

• Business Overview – The immigration officer reviewing the business must be able to understand the business venture. This is a very important factor. If the immigration officer is not able to grasp the concept of your business and the likelihood of success,  they could deny your application. Explain in detail what service or product your business provides.
• Proof of Investment or Financial Commitment – Your immigration business plan should detail the investment made or your financial commitment to the success of the US enterprise. In general, the plan should include the source of the funds invested and financial commitment to guarantee the successful operations of the US enterprise. Depending on the visa type, this should include an estimate of your company’s income in the next three to five years.
• Business Requirements – Your immigration business plan should explain how you have or will meet all necessary requirements to do business in the United States. This means you have secured or will secure all necessary business licensing and/or permits for your business to operate.
• Employment Outlook – One of the main requirements for either the L1 or E2 visa is the present or future capacity of the US enterprise to hire US workers. Your immigration business plan should provide a detailed hiring plan. This includes a projected organizational structure, present and future positions to be filled with detailed job descriptions, and wages to be paid. Depending on the visa type, projects should look out for three to five years.
• Sufficient Physical Premises – Depending on your business type, your immigration business plan must demonstrate that sufficient physical premises have been secured in the United States to support the successful operations of the US enterprise. This could be a small 200-square-foot office for a consulting firm or a 50,000-square-foot facility for a manufacturing company.
• Market Analysis and Strategy – One of the factors of an L1 or E2 visa is the present or future capacity for success in the marketplace. A properly formatted immigration business plan will include an in-depth market analysis that includes a future outlook for the industry, competitive analysis, financial outlook, growth projections, etc. This includes a description of your target market, business already being performed, current contracts, and future contracts.  In addition, your immigration business plan must include a detailed overview of your marketing strategy with the marketing mediums you expect to use along with any supporting marketing materials.
• Ability to Develop and Direct the Enterprise – Your immigration business plan must demonstrate your ability to develop and direct the new enterprise in the United States. This explanation should include any relevant education, experience, and background that positions you to successfully develop and direct the enterprise. 

Unless you are experienced with immigration-specific business plans, you should seek the support of a qualified immigration business plan company. There are many companies out there that provide immigration-specific business plans. When handling your L-1 new office or E-2 investment case, we work with experienced immigration business plan writers. Failure to provide a properly executed business plan supporting your immigration application could often result in a denial.

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E2 Visa Business Plan: Your Blueprint for Immigration Success

E2 visa business plan defined.

An E2 Treaty Investor Visa is a nonimmigrant visa which allows a foreign investor who is a national of an E2 treaty country to make a substantial investment in a new or existing U.S. enterprise and go to the U.S. to direct and develop this business.

An E2 Business Plan is a document that supports your  E-2 Treaty Visa  application process. It is one of the has many requirements related to the E2 Treaty Investor and the E2 enterprise, and it is also used to show proof of compliance with visa eligibility.

After submission of your application and business plan to the U.S. Embassy or Consulate, you will be invited to attend an interview. During the interview, you will then be asked about any information you have provided about yourself and the business you plan to establish.

The consular officer will scrutinize your business plan to the extent of how it will derive economic benefit to the U.S., so you have to be prepared to explain your plans and projections to prove that your E-2 enterprise will be more than marginal.

Importance of an E2 Business Plan

One of the crucial parts of your  E-2 Visa process  is making your business plan. If it’s poorly written, it could further delay your visa application process as the adjudicator would request more information. Worse, a poorly written business plan will result in a denied application.

Heed caution, however, as using a template might be risky. It’s important to note that the E2 business plan must explain your plans to contribute to the U.S. market and economy through your business.

The purpose of business plans is not really to attract business partners or investors but to convince adjudicators who will review your visa application to approve your visa and your business venture.

An E2 Visa business plan has virtually the may have the same content as that of a standard business plan, but it also has be to tailored to meet the specific E-2 visa requirements. You would need to include your investment funds, the source of your capital, and your operating strategies to establish and direct the enterprise. Further, it would include background information about you, an executive summary, and other business details.

Contents of an E2 Business Plan

It’s common for investors to be unsure of where to begin writing their business plan. There’s no hard and fast rule in creating business plans, and even if you already know what to write, you may still hit some blunders along the way.

There’s a high chance you might use a template if you’re unsure of what to write. However, especially for an E2 business plan, a template will likely leave out vital and necessary information that you would need for your visa application process.

The adjudicator will use the information and business plan you have submitted to decide whether you are qualified for the E2 Visa, so leaving out necessary information or failing to detail important information will likely result in a denial.

Your immigration business plan should include your business objectives, goals and forecast. It should show in detail how you will utilize your investment and how it’s sufficient to make the business operational to meet your goals. The business plan should also provide financial projections on how the business will achieve profitability and economic benefits that will contribute to the U.S.

The contents of your business plan will depend on the nature of your business, the investment amount, and the marketing strategies you’ll adopt to make the business thrive. We always recommend working with professional business plan writers who specialize in immigration-related business plans.

In general, your business plan should cover information regarding:

The company

You should include information regarding the company which is the focus of your investment. It should show whether it’s a new or existing business, its niche, its services or products, its projected economic benefits, and its business or operational strategies. You should prove that the company or enterprise is bona fide and that it will be able to employ qualified U.S. workers.

The investment

Aside from information about the company, you should also be able to detail more about your investment, whether it’s substantial and its lawful source. Your investment must also meet the requirements of the proportionality test

The applicant

Finally, you should also be able to include information about yourself as the investor, whether you can direct and develop the business. Detail as much as you can about your abilities and capabilities to develop and direct the business as well as your credibility so you can sufficiently convince the adjudicator.

Moreover, you have to include your intention to leave the U.S. upon the expiration of your visa as well as your intent to reside in the U.S. for the duration of your visa.

Elements of an E-2 Business Plan

In making your E2 Visa business plan, it should at least include the following:

• A business summary and description introducing the company briefly, its products and/or its services;
• A general overview of why you and your business are qualified for an E2 Visa;
• A detailed description of your intended purpose of developing and directing the business, which includes details that prove you’re entering the U.S. to run the business, that you own 50% of the business, and that you will be responsible for its day-to-day operations;
• A target market analysis and industry analysis which includes information about business conditions, business competitors, budget and personnel requirements, a description of your diverse client base, and a brief explanation of why the business will succeed in its market;
• A comprehensive marketing strategy for how the business will gain recognition from its target market, and will engage with the market;
• A detailed hiring plan which includes a description of each position you intend to hire, how many employees you plan to hire, and information on how your business will create new jobs for qualified U.S. workers for the next 5 years of its operations;
• A financial strategy includes financial projections, a balance sheet, a cash flow statement, a profit and loss statement, and an explanation for the figures and assumptions in these statements.
• Information that proves you’re in control of your investment funds, including evidence of the lawful source and substantiality of these funds with a clear paper trail;
• An operational strategy detailing your venture’s organization and management, a description of your skills and experience, and how these ensure your venture’s success and viability.

E-2 Visa Business Plan Reviewers

The consular officers from your home country’s U.S. Embassy or Consulate, and the United States Citizenship and Immigration Services are the ones who will read the comprehensive immigration business plans. There will be limited communication between you and the officer, so you have to include all necessary information in your business plan.

Issues in Writing an E2 Visa Business Plan

There might be several issues or problems you might come across while writing your business plan. You might ask, along the way, how you can prove that your investment is substantial. While there’s a definitive number on what’s considered a minimum investment, the investment is considered substantial depending on the nature of the business. The investment must be substantial in relation to the costs of setting up your enterprise.

Moreover, on the question if you’d need to indicate a commercial space, take note that a physical space or a commercial lease is not required in an E2 business plan. However, it’s still recommended that you obtain a lease for an office space because most officers still expect to see whether the E2 enterprise has an office and it also contributes in proving that the E2 enterprise is real and operating.

On the question of whether you need to spend money before your visa application is approved, it is an E2 Visa requirement that your investment funds are “at risk” so it’s given that you need to spend the capital before completing your application. However, it is possible to irrevocably commit the funds to your start up E2 enterprise without actually spending them at the time of the filing of the application. Our team can definitely guide you and help you in meeting this requirement and minimizing the risk of losing your investment.

A comprehensive business plan is an essential  E-2 Visa requirement . To show that you are eligible for the visa classification you have to submit a business plan; E2 Visa, after all, is about investing substantial capital in a U.S. business.

You should take your time writing your business plan. Avoid using templates or sample business plans where you’ll just input information. If you’re unsure on what to write and where to start, you can ask help from immigration professionals, especially from those who have experience on handling E2 Visa applications.

The immigration attorneys at  Davies & Associates  can help you prepare for your visa application process, and increase the chances of you getting approved with an E2 Visa with their skills and experience.

Is there a minimum investment needed for an E2 Visa?

The investment capital is one of the most important components of your visa application and your  E-2 Work Visa cost . While there is no definitive minimum amount of investment for an E2 Visa, the requirements are clear that the investment must be substantial. Substantial is measured depending on the nature of the business, its industry, and other relevant factors. It must be substantial enough related to the costs associated with the business.

How does a business plan comply with E2 Visa requirements?

Your business plan should show how your capital investment is going to be utilized together with financial, personnel, operational and marketing strategies.

Is the E2 Visa business plan the same as a standard business plan?

While a standard business plan and an E2 business plan are virtually the same, your E2 business plan must include comprehensive and extensive information about you, the background of your investment, and how beneficial your new venture would be for the U.S.

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How to Write a Business Plan for Immigration Purposes

• January 18, 2022

The United States is a country of immigrants. People from all corners of the globe help make this nation that we call home simply the greatest place on earth. With each passing year, the immigrant pool grows larger. Some come over to be with family, others come over to study, others will arrive on these shores of ours to find work, while others will come to pursue their dream of being a business owner. If you’re an immigrant looking to start a business, you’re going to need a business plan. The Coley Group is staffed by capable immigration business plan writers who understand the various nuances that come with building a document of this type. It’s a little bit different than other business plans, but just like the others, it’s a necessary component of the success journey!

What is an immigration business plan?

As we said above, an Immigration Business Plan is different from your typical business plan. Inside this document, the business owner has to show that they have the skills necessary to start and sustain a business in the United States . Now, you might be thinking every business plan must show how this is going to be done. That’s true, but in the case of an Immigrant Business Plan, approval or denial of a Visa is in play and that makes being able to present a sound document that outlines your plan for success all the more important. You want to make sure your business plan outlines the economic impact of your venture.

Different Types of Immigration Business Plans

There are several different types of Immigration Business Plans. What follows is a closer look at each of the available options.

E2 Visa Business Plan

The E2 Visa Business Plan is for individuals who are considering a move to the United States to start a business. This plan is reviewed by the United States Citizenry and Immigration Services (USCIS) to make sure the person submitting it has the necessary resources and acumen for a business in the United States. The E-2 Visa lasts for five years and the financial projections within your plan should show how your business will support the staff and create jobs during this period.

When it comes to financials, be realistic and remember in five years, you’re going to be called upon to discuss how your business performed. The performance will directly impact whether or not your E2 Visa is renewed so when it comes to this area, be as detailed and practical as you possibly can without selling your business short.

In terms of operations, you’ll have to show where you own at least a 50% share in the business. You’ll also need to discuss the corporate structure of your business in this section as well as provide a detailed overview of the management team that will be responsible for guiding the venture. In this section, you should also spend time discussing any relevant work experience you bring to this opportunity. Personnel and job creation are other areas that will interest the reviewer. This will give them an idea of the economic impact your business can have so be sure to include this section in the document.

L1 Visa Business Plan

The L1 Visa is for business owners who are considered multinational employers. These persons are looking to transfer employees to the United States from a foreign country. These employees can work in any capacity from managers to executives and beyond. A business plan is not a requirement for this classification but a custom-made immigration business plan can definitely help you show that you’re deserving of the approval you seek.

Documents that must be included with your L1 Visa Business Plan include:

• Proof that a U.S. presence has been established. This can come in the form of a lease or other documentation that shows you have a physical presence in this country.
• Financial statements for at least the last three years.
• Projected domestic organizational chart, showing a clear reporting structure.
• Documents that outline the corporate structure (Sole proprietor, LLC, Partnership)
• Resume of the L1 beneficiary and resumes for the entire management team.
• Parent company documentation showing how the planned domestic office is affiliated with the foreign office.

The executive summary section of the L1 Visa Business Plan must be strong. It should cover when the business was formed, ownership, the good or service being sold, the target market, and how you plan to grow. Include the number of current staff members as well as the projected additions and what their roles will be upon hire. While your financials will be discussed later in the document, you can briefly summarize your projected performance here.

Market research including a competitive analysis will also be needed along with a marketing plan that shows how you’ll reach your target market here in the United States. Financials will wrap up Immigration Business Plan and it’s important to be realistic in this area. Remember, you’re going to have to review these numbers at some point so going too high causes concern in the eyes of your reviewer and can drastically lower your odds of approval.

EB5 Business Plan

If you’re thinking about the EB5 Investor Immigrant visa, there are a few things you should be ready to show. First, you must show that you’ve invested a minimum of $900K in a rural area or an area that has an extremely high unemployment rate . You’ll have to also show that you’ve done the hard work of creating jobs, at least 10 full-time jobs in total. Proving these and other things deemed necessary is going to require a professionally written Immigration Business Plan.

The business plan must have a detailed description of the opportunity while listing out all the assets, services and products, target market, organizational structure, and bios on key personnel. Most important of all, be prepared to show where the investment being made by the owner is at risk. At-risk means showing the investment made by the owner is subject to a loss or gain depending on the performance of the venture. A personnel plan and financial plan must also be included as well as detailed market research. Inside the financial plan, you must be sure to include the 10 full-time jobs that are being projected as this is a key portion of the overall initiative.

E1 Visa Business Plan

An E1 Visa Business Plan is usually the most sought-after for owners looking to do import and export between their country of origin and the United States. The E1 is considered a non-immigrant visa due to the unlimited number of two-year extensions this option offers. While a business plan is not a requirement, it is recommended as it helps prove the applicant’s business case. With that said, we advise hiring a professional capable of delivering a custom-made immigration business plan. This document should at the very least have:

• Executive Summary that touches on each of the key components of the business.
• A business description that highlights your products or services.
• Market analysis that has a competitive overview of each direct competitor.
• Marketing plan with detailed strategies.
• Personnel, Operations, and Management plan that gives biographies and resumes of key staff members as well as insights into your operation, and management team.
• Five years of sound financials.

Writing any Immigration Business Plan by Yourself Can Be Challenging

The grammar and language must be polished and articulate, the research has to be thorough, the business case must be solid, and your plan must show sound financial and growth projections. For this reason, we highly recommend hiring a professional to manage this portion of your project. You only get one chance to make a valuable first impression with the seasoned staff or reviewers who will be making the final approve or decline decision. Hiring a professional capable of presenting your business in a clear, concise fashion increases your chances of success exponentially.

We Help You Reach Your Goals with Immigration Business Plan Writing

The Coley Group is staffed with MBA writers who understand how to build the type of custom-made business plan you’ll need. Our team has written thousands of documents and we understand how to effectively communicate the value of your vision while positioning you and your business for long-term success.

For more information on how we can assist you in this area, please feel free to contact us today to request a business plan quote. A representative will be ready to answer any questions you might have with regards to how we can build your custom-made Immigration Business Plan.

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The Immigrant Entrepreneurs’ Guide to Writing a Business Plan in the U.S.

Immigration & Living Abroad

Last updated on October 10th, 2023 at 11:24 pm

Writing a business plan is an important step for an entrepreneur who wants to launch a company of any size. If you dream of opening a business in the U.S. or Canada, a solid business plan can help you secure funding and prepare for the future.

Many immigrants open businesses in their new countries. Dru Ann B. is a Remitly customer who owns a small business that supports her family in Canada and back home in Jamaica. She says that a strong business plan made a huge difference for her. She recommends getting assistance from someone who’s written one before, saying, “a little direction or guidance from someone else goes a long way.”

Ready to get started? Here’s what you need to know.

What is a business plan?

A business plan is a document that maps out your vision for your business. It establishes your business objectives and then describes how you will achieve them.

Why is a business plan important?

Even if you have all the capital you need to start your business, a business plan can increase your chances of success. That’s because it clarifies your goals and timeline, plus can help you plan for issues that may arise.

Business plans allow you to:

• Establish clear company goals;
• Build a brand vision and create a compelling company description to market your business;
• Identify potential weaknesses and challenges ahead of time;
• Become familiar with current market conditions and your competitors; and
• Predict your income, costs, and budget needs.

The process of writing a business plan can help you put your best foot forward. Dru Anne B. notes that through your market research, you might discover that you “need to adjust your model.” That’s a good thing, she explains, because it means refining your idea before you actually invest.

Do you need a business plan to start an immigrant-owned business?

Any entrepreneur who wants to start a business in the U.S. can benefit from a business plan.

As an immigrant entrepreneur, a business plan may help you:

• Apply for grants aimed at immigrant-owned businesses;
• Apply for business loans through U.S. banks; and
• Seek private investors for startup capital.

What are the most common business plan formats?

Business plans come in two formats: long (traditional) and short (lean).

• Traditional business plans are long-form documents that consist of paragraphs and may also include tables and charts. They usually take longer to produce and edit, but some lenders only accept these types of plans.
• Lean business plans present information primarily through bulleted lists, tables, and charts. They are typically easier and faster to write. Prospective investors or lenders may ask you for additional information if you submit a lean business plan.

How do you write a traditional business plan?

A traditional business plan usually has nine sections : executive summary, company description, market analysis, organization and management, service or product line, marketing and sales, funding request, financial projections, and the appendix.

Executive summary

An executive summary provides a quick overview of your company. It lets the reader know what to expect from the rest of the document.

The executive summary includes:

• A mission statement that outlines the purpose of your company;
• An introduction to your product or service;
• Basic facts about your leadership team and employees; and
• The location of your company and where you work.

If you’ll be using your business plan to find funding, include a quick summary of financial information and growth plans in this section too.

Company description

The company description provides details about your business offerings.

Some things to include are:

• Who your customers are (who will use or purchase your product or service)
• What problems your product or service solves or what needs it fulfills
• Why your business can uniquely meet that need or solve that problem

Imagine that someone has asked you “Why does your business exist?” and “Why should I choose your business?”

These questions will help you describe the value of your new venture.

Market analysis

The market analysis section requires research. Start by identifying your key competitors.

Once you’ve found them, learn the following about their businesses:

• What do they charge for their products or services?
• How do they market their business?
• What are their strengths and areas of opportunity in this field?
• What are the ways that you can provide a better customer experience?

After you finish conducting your research, describe your findings in 1–2 paragraphs in your business plan.

Organization and management

This section describes how you will structure your business and what specific people or general roles you’ll have at your company.

Include the following:

• Business structure: Are you a sole proprietor? Will you establish a C or S corporation? Is your business a partnership or a limited liability corporation (LLC)? In addition to identifying the type of structure, explain why it works for your company. If you haven’t chosen a business structure yet, a business attorney or certified public accountant (CPA) can give you advice on which structure to choose.
• Basic organization chart: Provide an outline of the people who will hold management positions at your company. If you have already hired your management team, detail the key qualifications and skills that they bring to your business. You may also want to attach their resumes.

Service or product line

This section brings your product or service to life and allows the reader to thoroughly understand what you will be providing to your customers.

• Benefits of your product or service: Why will people buy it or use it? What will they love about it?
• Life cycle of your product or service: How often will people buy or use your product or service?
• Intellectual property information: Are you filing for a copyright or patent?
• Research and development: If you have conducted research and development, provide detailed information about it. Remember to include any pictures of your product as well.

Marketing and sales

Unlike the other sections of a business plan, the marketing and sales section has no set rules for writing. This section explains how you will tell customers about your company and encourage them to buy from you or use your service.

You may consider mentioning whether you plan to advertise with:

• Print media like newspapers
• Television commercials and segments
• Radio commercials and segments
• Social media like Facebook, Twitter, Instagram, YouTube, Pinterest, and TikTok
• Direct mail
• Email marketing
• Cross-promotions with other businesses

If you plan to hire a firm to handle your marketing, then make sure to mention that in this section too. Add the firm’s name and discuss the services they will provide.

Funding request

In this section, you’ll let investors, financial institutions, or grants know how much funding you need to get your company off the ground.

Follow these steps when writing this part of your plan:

• State how much money you need to launch and operate your business for the first five years.
• Detail how you arrived at this figure.
• Identify any existing capital that you already have and its source(s).
• Outline the terms you’re looking for if you’re borrowing money.
• State what share of your company you are willing to give in exchange for an investment if you’re providing equity.
• Explain, in detail, how you will use the equity or borrowed funding. Will it pay salaries? Purchase equipment? Cover expenses until you begin to make profits?
• Add how you will pay off the debt or ensure a return on investment.

Financial projections

Providing realistic forecasts about how your company will perform is a compelling part of any business plan.

In this section, include:

• Income statements
• Balance sheets
• Cash flow statements
• Capital budgets

Begin with quarterly or monthly projections for the first year, and then make annual projections for the next four years. If you’re uncertain how to produce these documents, a CPA who specializes in startups can help you plan your forecasts.

This section is for any additional information and can include:

• Personal credit history
• Résumé for yourself and other key people in your business
• Letters of reference
• Other legal documents

The items in an appendix are labeled with a letter. For example, your personal credit history can have the header “Appendix A” and a letter of reference from a former employer can be “Appendix B.”

A few more tips

A business plan includes all the steps outlined above. Here are a few more tips to make your business plan stand out:

• Take a step-by-step approach. 
• Highlight how many jobs your business will create. 
• Hire a ghostwriter or proofreader. 
• Ask a friend who isn’t familiar with your industry or product to read it over.

Your business plan won’t just help you launch your new company. It also serves as your roadmap for promoting and growing your small business after the launch. An up-to-date business plan can also make it easier to secure additional funding, purchase new equipment, or expand your offerings in the future.

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LEARNING CENTER

10 essential steps to launch your immigration consulting business.

Listen to This Article

Here are 10 essential steps to launch your immigration consulting business successfully.

1. determine your state regulations.

Before diving into the immigration consulting world, be sure to determine your state regulations. Some states require that you complete a registration and back-ground check process and have a surety bond before you can provide services. Several states, including Colorado, Oregon, Texas and Washington prohibit immigration consultants.

2. Acquire professional training 

To become a reputable immigration consultant, you’ll need to acquire specific knowledge and expertise on how to provide non-legal assistance with the proper completion, assembly and submission of family-based immigration applications per USCIS specifications. Be sure the training facility has an expertise in providing quality training that is delivered by immigration experts.

3. Develop a solid business plan

A comprehensive business plan is essential for any successful venture. Your plan should include an executive summary, market analysis, competitive analysis, sales and marketing strategy, operational plan, and financial projections.

4. Register your business

Choose a suitable name for your business, and register it with the appropriate local, state, or federal authorities. Depending on your location and business structure, this may involve registering a fictitious business name (DBA), incorporating, or forming an LLC.

5. Set up your office

Establish a professional office space where you can meet with clients and manage your business operations. This can be a home office, rented office space, or a co-working space. Ensure your office is well-equipped with the necessary technology, furniture, and supplies.

6. Create a professional website and online presence

In today’s digital world, a professional website and robust online presence are critical. Develop a user-friendly website showcasing your services, expertise, and contact information. Utilize social media platforms and online directories to increase visibility and attract potential clients.

7. Network with other professionals

Building relationships with other professionals who work with immigrants, such as lawyers, notaries, tax preparers, and translators, can be incredibly valuable for your business. Networking can lead to valuable referrals and help you gain insights into the industry.

8. Develop marketing materials

Create professional marketing materials, such as business cards, brochures, and flyers, to promote your services. Distribute these materials at networking events, local businesses, and community centers frequented by your target audience.

9. Offer free consultations

Offering free initial consultations is an excellent way to showcase your expertise and build trust with potential clients. Use these consultations to discuss clients’ needs, demonstrate your knowledge, and explain how your services can benefit them.

10. Provide exceptional customer service

Providing top-notch customer service is crucial for building a successful immigration consulting business. Be responsive, attentive, and empathetic to your clients’ needs. Exceeding clients’ expectations will lead to positive word-of-mouth referrals and help you grow your business.

Launching a successful immigration consulting business requires careful planning, dedication, and a passion for helping immigrants. By following these 10 essential steps, you’ll be well-prepared to make a positive impact in the lives of your clients while building a thriving business. 

If you’re interested in learning more about becoming an immigration consultant and the services they provide, don’t hesitate to visit https://latinimmigration.org for valuable resources and guidance on your journey to becoming a successful immigration consultant.

Q1: What kind of experience or skills do I need to become an immigration consultant?

Having experience working with immigrants in areas such as notary services, tax preparation, or translation can be beneficial. Additionally, knowledge of immigration processes , strong communication skills, and empathy are essential.

Q2: What do I need to start an immigration consulting business?

Depending on your state, you may need to register, pass a background check and post a surety bond in order to provide immigration services. It is also recommended that you complete a specialized training program delivered by experienced immigration professionals. Check your state requirements for specific details.

Q3: How do I market my immigration consulting business?

Effective marketing strategies include developing a professional website, utilizing social media, networking with other professionals, distributing marketing materials, and offering free consultations.

Q4: How can I network with other professionals in the immigration field?

Attend networking events, join professional associations, and reach out to immigration professionals, notaries, tax preparers, and translators to build relationships and gain valuable insights into the industry.

Q5: How can I ensure excellent customer service in my immigration consulting business?

Be responsive, attentive, and empathetic to your clients’ needs. Exceed their expectations by providing knowledgeable guidance and support throughout the immigration process.

• Sep 6, 2022

Immigration Business Plan: A Roadmap for Success

Updated: Sep 7, 2022

This post is part of ProfVal’s series on the EB class of visas . Nothing posted here or anywhere on ProfVal.com is legal advice. ProfVal, LLC offers services to support EB-1 and EB-2 NIWpetitions, which include: Professional Plans & Business Plans , EB-1 Expert Opinion Letters , EB-2 NIW Expert Opinion Letter s, and academic transcript equivalence evaluations (3rd party service).

In this post:

A brief review of entrepreneurship

Content that is commonly included within a business plan

The importance of a business plan for EB-1 and EB-2 NIW visa petition

ProfVal offers business and professional plans

Entrepreneurship is “the endeavor of creating, owning, and commercializing an idea, technology, product, or service.” [1] Your business plan is your entrepreneurial road map ; it is the heart and soul of what your business will become.

It is a formal written document that typically incudes:

The company’s location and ownership

The company’s offerings

A market analysis, including a discussion of the target market

Key management personnel

A business development approach

Financial projections

Through the development of these areas, your business plan will “ help you gain clarity and hold [you] accountable for moving the direction you want .” [2] It is important for all entrepreneurs to develop a business plan—especially so for immigrant entrepreneurs.

The importance of a business plan for immigrant entrepreneurs

ProfVal’s clients typically require business plans either in preparation for their visa petition or in response to an RFE (Request for Evidence) or NOID (Notice of Intent to Deny). EB-2 NIW petitioners, for example, routinely receive RFEs that specifically request a business plan, professional plan , and/or an EB-2 NIW Expert Opinion Letter .

Beyond meeting USCIS requirements for a visa, creating a business plan provides other tangible benefits for immigrant entrepreneurs:

First, the business environment and the customers in the U.S. are likely to be different from those in an immigrant’s home country. Developing a business plan will force an immigrant entrepreneur to analyze the U.S. market more fully, helping the business in the long run

Second, external entities such as investors, banks, and local government agencies may require a well-developed business plan before they commit any resources or furnish any required permissions or licenses to an immigrant entrepreneur. A business plan can establish an entrepreneur’s credibility, allowing them to launch and grow their business.

A business plan is critical to managing a budding entity. It is not a static record but a dynamic document that will change as a business enters the marketplace. A business plan is essential for attracting partners and investors and keeping a business on track through regular revisions and updates. It is a tool to demonstrate the potential for a return on investment. B anks and venture capital firms will demand to see a business plan before investing their money.

Content within a business plan

Most business plans to follow an accepted format. [3] ProfVal’s business plans follow the approach described below with modifications that relate to the type of visa our clients are applying for, typically and EB-1 or EB-2 NIW visa.

Title Page: In a typical business plan, the title page lists the company name, logo, and contact information.

Executive Summary : The plan starts with a brief one- to three-page executive summary that lays out the entrepreneur’s vision and concept with relevant company background, followed by the products or services offered. [4] The Small Business Administration (SBA) views this as a snapshot of the key facts of a business. It also serves as a sales document for investors and other entities as it shows the size and scope of the business or the new venture.

ProfVal’s business plans for immigration also include key facts that relate to the visa a petitioner is applying for. For instance, they may mention extraordinary ability (EB-1), exceptional ability (EB-2), and National Interest implications.

Ownership and management: Following the executive summary, this section presents basic information on human resources and who will run the business.

Arthur Rock, the renowned venture capitalist once said “ I invest in people, not ideas ”. He went on saying “If you find good people, if they’re wrong about the product, they’ll make a switch, so what good is it to understand the product they’re talking about in the first place?” [5]

It is important that a business plan carefully describes the founders and the management team. This section should also state whether the business will be incorporated as a C or an S corporation, a general or limited partnership, a sole proprietor, or limited liability company (LLC). The background of the Board of Directors may be included along with that of any professional, legal, or accounting advisors.

As ProfVal's business plans are built specifically for EB-1 and EB-2 NIW visas, it is especially important that this section focus on the petitioner's qualifications in relation to the visa that they are applying for. Thus, ProfVal’s business plans for visa applications typically include an abridged version of a client’s professional plan ( see an EB-2 NIW professional plan template here ).

Market Analysis : Following the profiles of the founders and top executives, a section should be devoted to describing the opportunity. The description of the opportunity should be supported by relevant and reliable data. The purpose of this section to clearly define and quantify the market size.

Products or Services Offered: The subsequent section should describe the product or service that the entrepreneur wants to introduce. This section should also describe comparable products and services to highlight the comparative advantages of the focal product or service.

Business Development and Marketing: Some business plans, including those produced by ProfVal, include a discussion of how the company will develop new business relationships and create a marketing program. This section should describe how the company will reach its customers.

Financials : An investment summary details projected revenues according to the profitability model used.

Financial projections are vital for funding requests and sourcing capital, [6] demonstrating how an entrepreneur plans to monetize their venture. This section should enumerate methods of income generation and possible payment parameters; capital needed for labor, equipment, and other expenses; and potential funding sources like bank loans, angel investors, venture capitalists, friends, and family. The company’s financials may be compared to existing companies with a similar model. The most important underlying assumptions on which the financial model is built should also be clearly presented here.

If you have a background in finance and wish to create your own financial documents, you might use a template like this Charlie Tillet template shared by MIT . ProfVal’s pro forma financial approach has been reviewed by finance experts and was developed so that professionals with varying degrees of financial literacy can built their own statement.

Risks (not always included) : This short section describes risks that the new venture may face. These may include regulatory, macroeconomic, technological, financial, and market factors. If this section is included, a discussion on mitigating these risks should be included here so that investors and other external entities recognize that the founding team is well prepared to address unfavorable situations.

Appendix : A business plan may have an appendix at the end with additional documentation such as technical drawings, competitor research and reviews, customers lists, and testimonials.

In summary, your business plan defines your startup or existing business with a business model that shows the profit potentials and risk profiles.

[1] What is entrepreneurship , 2019, https://fee.org/articles/what-is-entrepreneurship [2] https://www.inc.com/guides/201104/how-to-write-a-business-plan-outline.html [3] Lavinsky, Dave, The 10 Key Components of a Business Plan , https://www.growthink.com/businessplan/help-center/key-components-business-plan-part-ii [4] Executive Summary of a Business Plan , https://www.growthink.com/businessplan/help-center/business-plan-executive-summary-tips-killer-executive-summary [5] Lichtenstein, G.A. and Lyons, T.S., 2010. Investing in entrepreneurs: A strategic approach for strengthening your regional and community economy . ABC-CLIO. [6] Emerson, Melinda, How to Write a Business Plan , hhtps://www.huffpost.com/entry/how-to-write-a-business-p_b_8699184

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• Business Plans - Hub-Page

Immigration Business Plans: Permanent Residency Through Entrepreneurship and Investment

Do you want to find out the best option for your situation for an Immigration (Canada or the US) Business Plan? Call us toll-free or take less than a minute to fill our Online Assessment.

Within one business day we will follow up with you to schedule your immigration consultation through phone.

Are you an international entrepreneur with a significant net worth who is willing to invest in order to immigrate to Canada or the United States?

Are you interested in starting your own company, expanding your company or acquiring an existing business in Canada or the US? Is obtaining permanent residency by business and investment activities an attractive proposition to you? 

More importantly, is the idea of living in prosperous and opportunity-filled countries like Canada or the US to start a family or bring your accompanying family extremely exciting to you?

Each immigration visa program has different requirements, however, both countries have numerous programs that are designed to attract foreign business and/or investor immigration into their respective countries. 

We can help you find the immigration visa program that is best suited to your specific background, experiences, current circumstances, and your ultimate immigration goals.

Why Are Business Plans Important For Successful Immigration Program Applications?

Government officials and governing bodies that are responsible for their country's immigration programs want to select candidates that have the best chances of success in contributing to the economic development and growth of their respective domains for permanent residence.

They know what they need from international entrepreneurs and investors in order to sustain and surpass their short and long-term economic goals.

Why Is It Important To Hire An Immigration Law Firm?

At My Visa Source, our award-winning immigration firm staffed with immigration lawyers and licensed immigration professionals have spent over a decade servicing people just like you from over 120 countries for their immigration needs.

Each visa program for entrepreneurs and/or investors have two components: 

• the visa program’s application process and all the supporting documentation that goes with it and 
• a detailed business plan that meets each program’s requirements

Would you rather have an immigration law firm who are familiar with both important aspects represent you or a business plan writing company with no lawyers for the visa program or worst taking chances doing it yourself from random internet templates?

What Are The Immigration Programs And Accompanying Business Plans Available?

Canadian provincial nominee program (pnp) business plans.

• British Columbia BC PNP Visa Business Plan
• Ontario OINP Visa Business Plan
• Alberta AINP Visa Business Plan
• Manitoba MPNP Visa Business Plan
• New Brunswick NBPNP Visa Business Plan
• Northwest Territories NTNP Visa Business Plan
• Nova Scotia NSNP Visa Business Plan
• Prince Edward Island PEI PNP Visa Business Plan
• Saskatchewan SINP Visa Business Plan
• Yukon YNP Visa Business Plan

Canadian Immigration Business Plans

• Start-up Visa
• Self-Employed Visa

LMIA Owner Operator Business Plan

• LMIA Owner Operator

US Visa Business Plans

• E-1 Visa Business Plans
• E-2 Visa Business Plans
• EB-1 - Visa Business Plans
• EB-5 - Visa Business Plans
• H-1B Visa Business Plans
• L-1 Visa Business Plans
• O-1 Visa Business Plans

What Are The Details Of The Expertly Written Visa Business Plans?

Our business plans will be customized to your specific situation and be ready for the Canadian government body of Immigration, Refugees and Citizenship Canada (IRCC) or to the U.S. Citizenship and Immigration Services (USCIS).

They will cover comprehensive areas that meet government requirements and standards:

• Executive Summary
• Business Description: Includes description of products or services
• Strategy and Implementation
• Financial Projection with property, equipment and financial needs analysis and plan
• Profitability Analysis
• Industry Analysis
• Market Analysis 
• Marketing Plan with measurable objectives. If a marketing plan is not required, then a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis will be created
• Competitive Landscape Analysis
• Organizational Charts and Legal Business Structure
• Human Resources Set up Plan

They would also include:

• Your intentions to settle and live in the country, region or category that you are creating a business or acquiring a business
• Your experience in management or business ownership
• Your investment amounts with required timeframes
• how your business will create employment opportunities for Canadian  or US citizens or permanent residents

What Are the Next Steps to Begin With My Visa Source?

My Visa Source's immigration lawyers dedicate themselves to your Immigration Business Plan strategy, tailored to your personal situation along with being expertly researched and professionally crafted.

Partnering with an award-winning immigration firm greatly increases the likelihood of achieving your specific permanent residence goals for yourself as an entrepreneur/investor.

Begin Your Chosen Immigration Business Plan Today!

Securing our Immigration Business Plan service is quick and simple. Begin with our one-minute online assessment or call us toll-free at 1-888-509-1987.

Book a personal consultation to speak with an award-winning immigration lawyer over the phone, or in-person at our downtown Toronto and Vancouver offices. 

We’re open 6am-9pm PST & EST, 7 days a week and are ready for video and phone consultations.

1-(888)-509-1987

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Marc on the other hand was the heart of the process, shout out to him as well.. All my stress was washed out as every actions performed by them was promising. I was optimistic and finally received the permits, now I can reunite with my family in coming days.

Couldn’t praise enough. Wish you best to unite and bring happiness to more families like ours. I wish to personally meet you all one day to thank for what you’ve done. You’ve changed my life.

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I've had a very bad experience with an immigration lawyer at another firm in the past, and I was very scare to experience that again. I found My Visa Source online and decided to give them a try because of their great reviews, and I don't regret it for a second!. Amazing experience, they really treated me like a human being and were very upfront and organized with all information. Angel Pavlou is really an angel, very sweet and helpful, she help us a lot on our first stage of the process with the firm. She is an amazing human being! Because we were applying through common-in-law sponsorship , my team was Harley and Natasha, an amazing team! We worked for about 4-5 month on the file to make sure everything needed was there. And even though they usually respond within 2-3 business days, by the last portion before submission, our emails were responded by the minute, which we really appreciate as it helped to speed up the process significantly. Even though our contract with the firm ended with the submission of our application, they left the door open for further questions we may have about what's coming next with our application, which is a big support for us, and we really appreciate (as now we have a long road ahead before a final answer from IRCC comes). Thanks Team! :)

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Immigration and Investor Visa Business Plan Consulting

Home » Services » Immigration and Investor Visa Business Plan Preparation

As U.S. immigration lawyers will tell you, one of the most important documents needed when applying for a business or employment-related visa is a comprehensive business plan. The business plan is so critical because it documents that the business you wish to acquire or launch or for which you will become a senior executive is sustainable. It supports the fact that the applicant will be able to “stimulate the U.S. economy through job creation and capital investment” according to the U.S. Citizenship and Immigration Service (USCIS), the government agency that oversees lawful immigration to the United States.

In many instances, for those applying for a business or employment related visa, the terminology is foreign, the process is complicated, and the application is nearly impossible without the assistance of an attorney who specializes in immigration applications and Cayenne Consulting for assistance with the business plan requirement aspect of the application. Information on U.S. immigrant visas can be found on the USCIS website as well as the website for the American Immigration Lawyers Association and immihelp.com .

Which Visa Programs Require Business Plans?

Currently, business plans are required for the following types of visas: E-2 Investor visa, EB-5 visa, L-1 visa, and E-1 visa. Each visa is described below in summary:

• The E-1 Treaty Trader Visa is a non-immigrant visa that allows foreign nationals of a treaty nation to enter the U.S. and carry out substantial trade. A treaty trader belongs to a nation that maintains a treaty of commerce and navigation or a bilateral agreement with the U.S. Learn more about our E-1 Treaty Trader Visa Business Plan Services  
• The E-2 Investor Visa allows an individual to enter and work inside of the United States based on an investment he or she will be controlling, while inside the United States. This visa must be renewed every other year, but there is no limit to how many times one can renew. The investment must be substantial. An investor must contribute to the US economy. Investor visas are available only to treaty nations. Learn more about our E-2 Investor Visa Business Plan Services  
• The EB-5 Visa for Immigrant Investors is a United States visa created by the Immigration Act of 1990. This visa provides a method of obtaining a green card for foreign nationals who invest money in the United States. To obtain the visa, individuals must invest $1,050,000 (or at least $800,000 in a “Targeted Employment Area” – high unemployment or rural area), creating or preserving at least 10 jobs for U.S. workers excluding the investor and their immediate family. Learn more about our EB-5 Investor Visa Business Plan Services  
• An L-1 Visa is a visa document used to enter the United States for the purpose of work in L-1 status. It is a non-immigrant visa and is valid for a relatively short amount of time, generally three years. L-1 visas are available to employees of an international company with offices in both the United States and abroad. The visa allows such foreign workers to relocate to the corporation’s US office after having worked abroad for the company for at least one year prior to being granted L-1 status. The US office must be a parent company, a child company, or a sister company of a foreign company. Learn more about our L-1A Intracompany Transferee Business Plan Services  

Business Plan Requirements for Visa Applications

The business plan that is made a part of the visa application must demonstrate that the applicant has the requisite skills, talent, background, experience, and resources to successfully start and grow a business that provides real products and services and employs American workers. The business plan must be of the same quality and content as a business plan that is prepared for a commercial bank or a sophisticated investor. In short, it must be as professional as you intend for the business to be. Make no mistake, it must represent the applicant.

The business plan will more than likely be 15-20 pages in length and include informative charts, tables, images and graphs that will aid in giving the reader a better understanding of the business. At a minimum, the document must include:

• Executive summary
• Company description
• Description of the company’s products and/or services
• Market and industry analysis
• Competitive analysis
• Marketing and sales plan
• Management structure, organization, and business ownership
• A financial discussion that includes a 3-5 year financial forecast

Important Business Planning Tips for Visa Applicants

Here are some business plan tips for applicants:

• Do not wait until the last minute. To be safe, allow 2-3 weeks to get this done right.
• Do not attempt to do this yourself. This document requires a professional.
• Remember that the business plan and the rest of the application must be consistent with each other.
• Not only must the plan be written in English, it must be written in “Business English.”

Every U.S. Visa applicant will enhance their chances of success by allowing plenty of time, getting help from a specialist attorney who will put the applicant’s interests first and, if applying for a business related visa, develop a first class business plan that will distinguish the applicant as a capable, successful business person.

Cayenne’s Immigration Business Planning Credentials & Relevant Experience

Several of our consultants have extensive experience in developing business plans for immigrants who wish to apply for investor related visas to the United States. Here is a brief summary of just some of that work:

• Fully compliant business plan to be submitted to the United States Citizenship and Immigration Service as part of a Brazilian executive’s immigration visa approval to own and operate a Chevron gas station and convenience store in Florida.
• Business plan to be submitted to immigration authorities for a Canadian real estate investor.
• Business plan for a Robek’s franchisee in California was submitted to the United States Citizenship and Immigration Services as part of the approval process for an E-2 investor visa application for a businessman who wished to immigrate from a South Asian country.
• Business plan and financial forecast to be submitted to the immigration authorities for a French business development executive to operate in the United States.
• Business plan submitted to the immigration authorities for a citizen of Iran to acquire a limousine company in California.
• Business plan submitted to the immigration authorities for an Australian aircraft industry executive to establish an MRO consulting business in Florida.
• Business plan for a Brazilian trading company to establish an office and warehouse in Orlando and to transfer a senior executive from Brazil to the U.S.
• Business plan for a Belgian private equity firm to establish an office in New York and to transfer a senior executive from Brussels to New York.

Sample Immigration Visa Business Plan

Our workmanship speaks for itself. Have a look inside one of our E-2 investor visa business plan samples and judge for yourself:

Featured Immigration / Investor Visa Business Plan Consultant

Jimmy Lewin

Learn more about our immigration visa business planning services.

If you'd like an assessment of your needs and a fee estimate, please let us know how to reach you:

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A Comprehensive Guide to the E-2 Investor Visa Business Plan

Originating from bilateral treaties between the United States and specific countries, the E-2 visa provides a platform for foreign entrepreneurs to invest in and manage businesses on U.S. soil.  This non-immigrant visa grants temporary residence, enabling qualified individuals to oversee and operate businesses they have invested substantial capital in.

A Flexible Path to Immigration

The E-2 visa program offers foreign nationals from treaty countries a versatile path to invest and live in the United States . Unlike other immigration routes, this program emphasizes flexibility, allowing visa holders to reside in the U.S. and actively participate in their business.

Investments must be substantial and in a bona fide enterprise, reflecting genuine commercial engagement. Treaty investors must show clear intent to develop and direct the business, contributing positively to the American economy.

The E-2 visa is not merely a business decision; it embodies the pursuit of the American dream. Through investment, immigration, and embracing opportunities, foreign nationals can build a new life and contribute to American society.

Eligibility Criteria for the E-2 Visa

Treaty country: a basis for eligibility.

The E-2 visa is open to nationals from treaty countries that have specific agreements with the United States. The list of treaty countries is dynamic and reflects international agreements. To see if your country of origin qualifies, the U.S. Department of State keeps an updated list of E visa-eligible treaty countries.

Substantial Investment and Engagement

The essence of the E-2 visa program is the substantial investment made by the foreign investor in a U.S. enterprise. The focus is on the proportionality of the investment, its relevance to the business, and the investor's commitment to actively manage and direct the enterprise.

Commitment to Business and Economic Contribution

E-2 status demands more than financial investment. An E-2 visa applicant must demonstrate a sincere intent to contribute to the U.S. economy and a dedication to the success of the business. Engagement with immigration law and specific legal requirements are essential to maintain E-2 visa holder status.

Viability and Growth Prospects

Investors can choose to invest in an existing business or establish a new one. The focus lies in the viability, growth potential, and employment generation. Immigration officials scrutinize the business plan, including market analysis, to ensure it meets the E-2 classification standards.

E-2 Visa Application Process

Application and approval: detailed steps.

The application process starts with completing required forms, such as the DS-160, and assembling a comprehensive package of supporting documents. Key components include:

• Business Plan : An E-2 business plan detailing investment, market analysis, and operational strategy.
• Investment Proof : Evidence of a substantial investment, including sources and allocation.
• Treaty Country Citizenship : Documentation confirming treaty country citizenship.
• Visa Interview : Preparation for an immigration official interview, highlighting the genuine intent.
• Visa Approval : Navigation through challenges, ensuring alignment with immigration law, transparent documentation, and a compelling business case presentation.

Working with E-2 Visa Professionals

Immigration attorney.

An immigration attorney's expertise is pivotal in crafting a persuasive application and addressing complex legal matters. An immigration lawyer with E-2 visa specialization can provide additional insights, supporting the applicant throughout the process by preparing the applicant for interactions with immigration officials.

Immigration Business Plan Writers & Consultants

In the complex landscape of E-2 visa applications, especially for unconventional or young business models like entertainment, influencer, or app development, the role of a professional business plan writer is indispensable. Business plans that lack credibility or feasibility often face pushback from consular officers or USCIS. Far too often, E-2 visa business plans may not align with the ambitious goals for revenue and employment creation, leading to questions about the business's marginality and the proportionality of the investment.

A professional immigration business plan writer, such as the award-winning team at Masterplans, brings to the table specialized market research tools and invaluable experience. With access to vast collections of financial models and industry-specific data, they offer robust substantiation for the investment plan. Their expertise extends to understanding industry average rates, employee salaries, and other key metrics that ensure the business plan is grounded in reality and aligned with market conditions. Working with a professional immigration business plan writer not only strengthens the credibility of the E-2 application but also enhances the overall success prospects by providing accurate forecasting and evidence-based planning. It is not a step to overlook; instead, it's a strategic collaboration that adds substantial value to the E-2 visa application process.

The E-2 Business Plan

Demonstrating at-risk investment.

The investment plan must lucidly demonstrate the substantial investment made by the foreign national , outlining the source of funds, allocation, and commitment to the business, in compliance with E-2 investor visa guidelines.

Beyond Marginality

An E-2 business must project potential growth beyond mere sustenance for the investor and family. The business plan must articulate a path to growth, including job creation, market expansion, and economic contribution.

Comprehensive Market Analysis

The market analysis is integral to the E-2 business plan, offering insights into the industry landscape, competition, target market, and growth opportunities. It includes:

• Industry Overview : Understanding trends and challenges.
• Competitor Analysis : Evaluating competitors to gain a competitive edge.
• Target Market : Defining customer segments and strategies.
• Growth Opportunities : Identifying expansion and development avenues.

Disadvantages of the E-2 Visa

The E-2 Visa, while offering certain advantages such as the ability to invest and operate a business in the United States, does come with notable drawbacks that must be considered:

Difficulty in Transitioning to a Green Card

One of the most significant challenges associated with the E-2 Visa is the complexity and difficulty in transitioning to permanent residency or obtaining a green card. The E-2 is a non-immigrant visa, and its primary focus is on temporary business activities. As a result, it doesn't inherently provide a clear or straightforward pathway to permanent residency.

Other Potential Disadvantages

• Limited Scope : The E-2 Visa is restricted to nationals of countries that have a Treaty of Commerce and Navigation with the United States. This limits eligibility.
• Investment Requirements : Substantial investment in a bona fide enterprise is required, and the definition of "substantial" can vary, leading to uncertainty.
• Renewal Challenges : Although renewable, each renewal can be an arduous process, requiring proof that the business is still viable and fulfilling the treaty investor visa requirements.
• Dependent Restrictions : Family members under the E-2 may face limitations in employment opportunities.

Sustaining the E-2 Visa Beyond Approval

The journey continues after the E-2 visa is approved. Sustaining the visa requires an ongoing commitment to the U.S. enterprise, including:

• Continuous Business Operation : Ensuring the business remains active and profitable.
• Ongoing Compliance : Regular legal checks and alignment with visa requirements.
• Coordination with Legal Professionals : Collaborating with immigration attorneys and lawyers for integrated business planning and legal compliance.

The E-2 visa serves as a gateway for treaty investors to foster growth, innovation, and job creation in the U.S. economy. It stimulates investment and supports local businesses, industries, and economic development.

For E-2 visa holders, this program embodies a journey towards success, stability, and personal fulfillment. It aligns with the core principles of opportunity, hard work, and aspiration, facilitating personal and professional growth. 

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Inside Trump's and Harris' starkly different visions for the economy

If the economic visions of President Joe Biden and former President Donald Trump were starkly divergent, the contrast between Trump and Vice President Kamala Harris is nearly blinding.

Since Harris replaced Biden as the Democratic nominee, she has unveiled a wish list of proposals that go further than Biden’s in aiding low- and middle-income Americans by making housing more affordable , reducing the cost of child care, cracking down on price gouging and lowering prescription drug costs, among others.

“She’s doubling down on efforts to support lower- and middle-class families and small businesses and pay for it with tax increases on the wealthy and corporations,” said Mark Zandi, chief economist of Moody’s Analytics.

Trump’s and Harris’ blueprints for the economy are expected to be spotlighted in their first and possibly only debate Tuesday evening, hosted by ABC News.

A divided Congress could stonewall many of Harris' proposals, economists say, though some ideas on housing and child care could be approved.  

Some of Harris’ stances seem to defy perceptions by nearly half of likely voters that she’s “too liberal,” according to a New York Times-Siena poll. She has shown a willingness to tack to the center by dropping her support for a fracking ban and favoring a lower capital gains tax rate than Biden for very wealthy Americans.

What does Kamala Harris support? What about Donald Trump?

On the biggest economic issues facing the nation - trade, immigration and taxes – Harris’ policies largely mirror Biden’s and their effects on economic growth, jobs and inflation would be similar, according to analyses by Moody’s, Goldman Sachs and the Penn-Wharton Budget Model.

Trump, meanwhile, is also doubling down on his first-term agenda.

He aims to extend and expand his  2017 tax cuts for virtually all Americans, crack down harder on illegal immigration  while deporting millions of foreign-born residents,  impose fresh tariffs on U.S. imports , and roll back much of  Biden’s plan to create a clean energy future.

Harris would extend some of the Trump tax cuts − but not for wealthy individuals and corporations – raise taxes even higher for the richest Americans, impose more targeted tariffs on Chinese imports and toughen immigration curbs but not nearly as sweepingly as Trump.

Predictions for the 2025 economy?

“The economy under Trump would grow more slowly and will suffer higher inflation and interest rates,” Zandi said.

In a Trump presidency, “the hit to growth from tariffs and tighter immigration policy would outweigh” the positive effects of tax cuts, Goldman Sachs wrote in a report in early September.

More: Harris says Trump tariffs will cost Americans $4k/year. Some economists are skeptical.

Harris’ new spending and middle-class tax reductions would “slightly more than offset lower investment due to higher corporate tax rates ,” Goldman said. But in a split government, any effects likely would be small.

Trump’s plan would spark a recession by mid-2025, Moody’s said. The economy would grow an average 1.3% annually during his four-year term versus 2.1% (in line with average gains before the pandemic) under Harris.

Under a Trump administration, inflation would rise from 3% this year to 3.5% in 2025, compared to 2.4% under Harris, the Moody’s analysis shows. At the end of a Trump tenure the U.S. would have 3.1 million fewer jobs than under Harris and a 4.5% unemployment rate, a half percentage point higher.

Goldman Sachs predicted a less dramatic impact from a Trump term, with the economy growing a half percentage point slower next year and inflation about four-tenths of a percentage point higher.

The estimates are based on assumptions by both Moody’s and Goldman that a Harris administration would probably work with a Democratic-majority House and Republican Senate, reversing the current party set-up. By contrast, Trump probably would be swept in with a Republican House and Senate, according to election models.

Polls, meanwhile, continue to show Americans view Trump as a better steward for the U.S. economy. About 45% trust him on the economy and inflation, compared to about 37% who trust Harris, according to an ABC News/Ipsos poll in late August. But the gap between the public's views of the Republican and Democratic nominees on this key issue has narrowed since Harris replaced Biden as the nominee in late July.

A look at how their plans could affect the economy.

Trump’s plan

In his first term, Trump slapped tariffs on a tenth of U.S. imports, chiefly steel, washing machines and solar panels , as well as many goods from China. Long term, the $80 billion in tariffs are projected to cut the nation’s gross domestic product, or output, by 0.21% and reduce employment by 166,000 jobs, according to a study by the Tax Foundation.

Trump would go much further this time. He has proposed a 10% tariff on all U.S. imports  and a 60% levy on Chinese shipments in a bid to prod manufacturers to move production to the U.S.

Harris’ plan

Harris' campaign didn't immediately respond to a message seeking comment on her economic policies. But a campaign spokesperson told the New York Times last month she would enact "targeted and strategic tariffs" to support workers and strengthen the economy.

Biden similarly has used narrowly tailored tariffs to help U.S. companies compete with Chinese rivals that are subsidized by the government, including a 100% levy on Chinese electric vehicles and solar panels.

Harris' tariffs would have little effect on the nation's economy, Zandi says.

But Trump’s 10% levy would boost annual inflation by nearly three-quarters of a percentage point next year and a half point in 2026 as businesses pass their increased costs to consumers, the Moody’s estimate shows.

In her Democratic convention speech, Harris said Trump's higher fees would cost middle-income families an additional $4,000 a year. The Peterson Institute for International Economics estimated the added costs at $2,600.

In the end, Goldman figures new Trump tariffs likely would be more measured, focusing on Chinese imports and vehicles from Mexico and the European Union. That likely would boost inflation by half a percentage point, Goldman estimates.

Yet instead of narrowing the U.S. trade gap, the levies likely would strengthen the U.S. dollar by reducing imports and sparking higher inflation that pushes up interest rates, Moody's says. That would make the nation's exports more expensive overseas, widen the trade deficit and hurt American manufacturers. Other countries almost certainly would retaliate with their own tariffs, further dampening U.S. exports.

On the positive side, the stronger dollar would partly offset the added cost of the tariffs for U.S. consumers by making imports less costly, Goldman notes.

Overall, the economy would suffer and there would be 2.1 million fewer U.S. jobs by 2028, Moody's says.

Trump and a Republican Congress would extend his 2017 Tax Cut and Jobs Act for households at all income levels and for corporations. The lower rates are set to expire next year.

Trump also has said he wants to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S. The 2017 tax legislation lowered the rate from 35%. And he has advocated ending taxes for Social Security earnings and tips.

Extending the tax breaks would add $5.2 trillion to deficits over the next decade, according to the Committee for a Responsible Federal Budget.

Harris would extend the lower personal income tax rates only for  individuals earning less than $400,000  a year, trimming the deficit and curtailing inflation, Zandi says.

Like Biden, Harris separately wants to raise the corporate tax rate from 21% to 28%. But she also aims to hit the wealthiest households with a 25% minimum tax. And she would increase the capital gains tax rate for people earning more than $1 million a year from 20% to 28%, softening Biden’s plan to hike it to the top income tax rate of 39.6%.

She also has embraced Trump’s proposal to end taxes on tips.

Lower corporate taxes rates tend to juice investment and economic growth. But the bang for the buck would be limited, Moody's says, because the nation is already near full employment, signaled by a robust economy in which everyone who wants to work and can work is employed. Further tax cuts would drive inflation higher.

As a result, the Fed would leave interest rates  higher for longer, increasing corporate borrowing costs and partly offsetting the benefits of lower taxes.

Still, the lower taxes for individuals and companies should lift spending and generate about 450,000 more jobs than Harris' plan, Moody's says.

But while extending the 2017 tax cuts are likely, Goldman doesn’t expect any of Trump’s new proposals, such as exempting Social Security income, to pass even a Republican Congress. And Moody’s figures Harris’ proposed tax hikes on the wealthy wouldn’t be approved by a split Congress.

Immigration

Trump vows to deport millions of immigrants who lack permanent legal status. He also would reinstate programs that forced asylum seekers to wait in Mexico while their cases are resolved or quickly return to that country.

The Biden-Harris administration has been criticized by Republicans for a surge in illegal immigration that has created a  crisis at the southern border .

Harris' plan

Harris has touted the current border policies, including an executive action signed in June by Biden that beefed up enforcement, as working and has been talking tougher about pursuing criminals who enter the U.S. without legal permission.

Harris has touted the current border policies as working and has been talking tougher about pursuing criminals who enter the U.S. without legal permission.

“I was attorney general of a border state," she said at a rally in Glendale, Arizona, in August, according to Roll Call. "I went after the transnational gangs, the drug cartels and the human traffickers...I prosecuted them in case after case and I won, so I know what I’m talking about.”

At the same time, she said she want to provide migrants an earned pathway to citizenship.

For the longer term, Harris is seeking funding from Congress for more border patrol agents, immigration judges and asylum officers to handle higher volumes of undocumented immigrants and asylum seekers.

Trump’s policies would reduce net immigration to the U.S. from about 3.3 million last year to about 750,000 annually, assuming a Republican-majority Congress, Goldman estimates. Harris’ plan, the firm says, likely would double that figure. Net immigration averaged about 1 million a year before the COVID-19 health crisis.

Immigrants, both legal and those lacking proper authorization, have helped alleviate severe labor shortages, slowing wage growth and inflation.

Trump's proposed crackdown and deportations would undo the gains, especially in industries such as agriculture, construction, restaurants, hotels and retail, Moody’s says.

The smaller labor force, Moody's says, would dampen economic growth and stoke inflation again as wages rise. companies rely on fewer workers to make products and services.

The Fed, in turn, which is set to start lowering interest rates in mid-September now that inflation has eased, could be forced to raise rates again or wait longer before cutting rates.

The Inflation Reduction Act

Trump likely would seek to roll back grants and subsidies promoting green energy in the Inflation Reduction Act, Moody's and Goldman say.

While it would save $369 billion, the cost is to be funded by stricter tax enforcement by the Internal Revenue Service.

Such a move would cut economic growth by a half percentage point and wipe out 450,000 jobs in 2026, Moody's estimates. Goldman says there's little support even among Republicans for a wholesale repeal of the clean energy policies.

Social service policies

Harris has unveiled a litany of proposals to help low- and middle-income consumers. Among them, she would:

• Crack down on food and grocery companies that charge excessive prices during an emergency and landlords who collude to raise rents.
• Continue Biden’s push to increase the child tax credit to $3,600 per child under 6 and $3,000 for older children. She has also proposed a $6,000 credit for babies in their birth year.
• Provide $25,000 in downpayment assistance to first-time homebuyers, more than the $10,000 proposed by Biden.
• Create a $40 billion fund to help developers build more affordable rental units for low-income people, double the amount Biden floated.
• Expand a monthly $35 cap on insulin and $2,000 yearly limit on out-of-pocket spending from seniors to all Americans.
• Provide a $50,000 tax deduction for small business start-ups, up from the current $5,000.

Such programs would be offset by higher taxes on the wealthy and companies, and so wouldn't add to the deficit, Zandi says.

Most, though, have little chance of being approved by a divided Congress, Moody's and Goldman say. A $25,000 payment for home buyers could come with a big downside because it would juice home sales and drive up prices, Zandi says.

But some type of increase in the child tax credit is likely even in a divided Congress, the economists say. And Moody’s expects more funding for low-income housing.

Contributing: Reuters