Do I Need a Business Plan to get an L-1 Visa?
Biz & Co

Do I Need a Business Plan to get an L-1 Visa?

Yes, normally all L-1 visa requests ought to consist of a service prepared for the United States business. Nevertheless, the significance of business strategy might differ, depending on the dimension of the firm and also whether the application is for a brand-new workplace. A company strategy is critically important to your visa application if you have a little firm or are attempting to open up a brand-new workplace in the US. Big, international companies must still consist of a company strategy in their private requests, yet in general business strategy might not be as considerable as it is for smaller sized firms as well as brand-new workplace requests.

What topics should I cover in my business plan?

To name a few points, an immigration-compliant service prepared for an L-1 visa need to have a summary of business, a detailed market evaluation, a sales and also advertising strategy, in-depth summary of workers, employing schedule and also monetary information for 5 years (Forecasted income, Revenue & Loss, capital, etc). Issue of Ho, a situation determined by the Migration Appeals Board, offers some understandings concerning what will certainly be taken into consideration an immigration-compliant service prepare for an EB-5 visa and also a number of these essential needs can be straight related to the L-1 service strategy.

Are there any specific topics I should focus on in an L-1 business plan?

Yes! Although the needs for an organizational strategy as explained in Issue of Ho are usually suitable to an L1 Business Plan, there are some points that are specific to the L visa that you must make certain to highlight in your service strategy.

Firm Possession & Partnership In Between Business. Explain the certifying connection between the United States business as well as the international firm (moms and dad business, branch, subsidiary or associate). Ensure to offer information about firm possession and also the firm background.

Recipient's Work Summary. Offer a comprehensive summary of Staff member duties for the recipient's desired setting, showing that the recipient is an Exec, Supervisor or Specialized expertise worker. The summary must have a portion failure of the numerous obligations, clarifying just how much time the worker will certainly invest in each job. For supervisors as well as execs, the work obligations ought to reveal that the recipient has the authority to strategy, straight, monitor and also regulate the business's major features. For Specialized expertise staff members the summary ought to highlight the obligations which call for specialized expertise and also clarify which of the firm's items, solutions, devices, and so on call for specific understanding.

Recipient's Work Background. In order to get an L-1 visa, the UNITED STATE business need to reveal that the recipient benefited the international firm abroad for one year out of the coming before 3 years. If the firm is opening up a brand-new workplace, execs and also supervisors should reveal they were utilized in exec or supervisory capabilities throughout that time. Business strategy must define the recipient's academic history as well as work background and also discuss just how they satisfy this need. Parts of the recipient's return to can additionally be consisted of in this area.

Employee Strategy & Hiring Schedule. All L-1 company strategies ought to consist of an employee’s prepared explaining the business framework of the firm and also outlining business staff members, consisting of intended employs over the following 5 years. This area is seriously vital for brand-new workplace requests for supervisors as well as execs, as the firm should employ sufficient workers throughout the very first year of procedures to enable the workplace to maintain the exec or supervisory setting.

Summary of Office/Facilities. The summary must include what sort of room is being leased or acquired, the square video footage of the area and also a description of exactly how it will certainly fit firm staff members. Photos can likewise be consisted of.

Business strategy is an incredibly fundamental part of an L-1 request, specifically for tiny business as well as brand-new workplaces, as well as you need to employ a certified specialist to establish your strategy. This is specifically the situation if you are getting a migration request. In the previous couple of years, there has actually been a big boost in Ask for Proof (RFE's) as well as rejections of L applications. Establishing an immigration-compliant organization strategy is an essential action in preparing your L-1 visa application.