In addition, where relevant or applicable, the plan should describe the manufacturing or production process, the inputs required, and the supply sources. The three most common EB-5 entities are limited partnerships, corporations, and limited liability companies.
A business plan is required for EB-5 applicants, and it is strenuously reviewed for both immigration compliance and feasibility. This has to be a detailed analysis that includes financial data and looks at the competitors product, service and pricing structure.
Matter of Ho is a landmark EB-5 case that established rules for EB-5 projects and their business plans. A compliant business plan needs to demonstrate that each investment will create 10 jobs through a detailed staffing plan, including a clear timetable for employee hiring, ideally in the narrative and visually.
Budget and Financial Projections The business plan must be well-documented with financial projections including sales, costs, budgets, and income over a period of five years.
They always obeyed my attorney views and amended the plans according to their needs. Unlike a run-of-the-mill business plan, an EB-5 plan must showcase a feasible economic impact, outline job creation and meet the requirements of the USCIS, as determined by an adjudicator, who will review the application and its accompanying materials.
The EB-5 visa business plan initiative, a federal program making it possible for foreign citizens to get a permanent residency green card, is making the American dream come true for entrepreneurs from around the world.
Business Structure EB-5 investors must generally invest in a for-profit, new commercial enterprise formed for the ongoing conduct of lawful business, including sole proprietorships, partnerships, holding companies, joint ventures, corporations, business trusts, or any other lawful entity.
All financial projections must be based upon generally accepted accounting principles and reasonable business models.
That is, all of the factors that Matter of Ho says should be in your business plan are really things that any good business plan developer would include. Wise also offers in-depth demographics research that can help newcomers understand the market environment.