According to USCIS, as part of the I-526 petition, an EB5 investor must submit a comprehensive business plan showing the need for at least 10 qualifying employees, for every $1.8 million invested, per applicant. Likewise, a targeted employment area (TEA), an EB5 investor must submit a comprehensive business plan showing the need for at least 10 qualifying employees for every $500K invested, per applicant.
Having a Strong Business Plan Makes the EB-5 Documentation Process Easier
Document preparation is arguably one of the most daunting parts of any business-related process, and any documents that must be supplied to the government are often a source of anxiety. The EB-5 visa and regional center process are involved and labor-intensive, requiring the utmost accuracy and degree of completion in document preparation in order to gain approval.
One of the first pieces of documentation required for the process is also among the most useful: your business plan. A business plan is required for EB-5 applicants, and it is strenuously reviewed for both immigration compliance and feasibility. 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.
However, in addition to meeting minimum application requirements, your business plan serves as a series of guideposts as you prepare the rest of your documentation and set out to prove the overall positive economic impact your proposal will generate. When you get help in writing a professional business plan, you can be confident that the finished product meets the highest requirements while still providing you with guidance into the future.
Your comprehensive business plan will also serve as a roadmap to success once your application is approved, allowing you to more easily attain the goals set out by the EB-5 requirements.
Choosing the Right Kind of Plan: How a business plan tailored toward the EB-5 process can be a huge asset
Unlike an average business plan, an EB-5 business plan must comply with the requirements in Matter of Ho. Matter of Ho is a landmark EB-5 case that established rules for EB-5 projects and their business plans. The Matter of Ho precedent decision was issued in 1998 by the Administrative Appeals Office.
Many of the requirements set forth for Matter of Ho compliance are just good business, and any well-formed business plan will incorporate them. These kinds of items include a description of the company and its products and objectives, along with a detailed SWOT Analysis, a review of the competition and in-depth market profiling.
However, an EB-5 plan must realistically make the case for the proposed company's ability to create jobs. While even a sole proprietorship can benefit from a regular business plan, to gain approval, the plan accompanying an EB-5 application absolutely must show a positive projected economic impact through the creation of employment opportunities.
All Wise EB-5 Business Plans are Matter of Ho compliant, with detailed personnel planning and in-depth economic analysis. Whether you need an EB-5 business plan for a regional center is for a direct investment project that must meet the requirements set forth in Matter of Ho, Wise can help.
The EB-5 Business Plan is about 40-50 pages in length, including color charts and graphs, and consists of the following components: