Eb 5 Visa Requirements: A Clear And Strong Business Plan Is A Must

People try very hard to migrate to America

People try very hard to migrate to America. Its a land of opportunities for many, but opportunities dont come easy. Migrating to the U.S. is not easy. It is a time-consuming process and can even take years. The EB 5 visa opens the quickest entry gates to the U.S. Obviously you need a lot of money, but that is not all. You must know what exactly is required to get an EB 5 visa and prepare for it.

How Can You Get an EB 5 Visa?

An EB 5 visa is given to those who want to invest a huge amount of capital in a business based out of America. Making an investment allows them to come to the U.S. and own a business.

The minimum amount required to invest is $1 million. All the money that you are investing should be legal. You must carry enough proofs to show that it is legal money.

If you do not have $1 million, you can make a $500,000 investment in targeted employment areas. These are areas that have high unemployment rates and need a boost.

The business should be profitable enough to have at least ten full time employees that are citizens of the U.S. This will be applicable if you are starting a new business. It is obvious you must have enough profits to pay the salaries of these employees.

The investment you intend to make in the targeted employment area will be in an already set up business. You would need the help of a regional center in the concerned area. You can also acquire an existing business that is currently in the declining mode and revive it.

Why Would You Need A Business Plan?

It is up to you whether you want to make an active or a passive investment. What you essentially need, besides other documents, is a business plan. Your business idea should promise profitability and should create job opportunities for American citizens. There must a boost in the economic activities of the U.S. The money is directly injected into the economy and officials want to the plan to convincingly demonstrate a positive tangible impact. In a way, it should justify your green card.

An EB 5 business plan must elaborate on the business type, market analysis, target customer analysis, key plans and strategies, a detailed report with estimated figures on financial expenses and revenue projections for the next five years, and an exit strategy, if required. The implementation strategy should be very clear and must highlight how the U.S. economy will benefit from this set up.

There is much more that goes into this kind of a business plan. It requires industry experts to put all the projection data together. Get a professional business plan writing company to make sure that there are no loopholes in your plan. After all, that is critical for that much awaited green card.

by: Adams Brad

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