E1Visa Business Plan
It is also known as the treaty trader visa which allows people from countries that have trade relations with America to be allowed in the States solely for international trade on behalf of their nation. The key lies in expressing comprehensive business plans that fulfil the requirements for the approval of the E1 Visa business plan.
The basic requirements are that the entrepreneur must be from a nation that has trade relations with the USA and they must show proof that at least 50 per cent of their export or import trade is with the US economy.
Here is an 8-step guide to formulating an effective E1 visa business plan:
This module provides a brief overview of the procedures or nature of trade that the representative wants to perform with the states. It must be concise and lucrative to receive the immediate attention of the immigration officer.
Target Customers and Statistics
This section throws light on the business venture’s target customers and must also provide statistical analysis to support the same. It must justify why it would be beneficial for the US economy to allow such business ventures on the target consumers.
Market analysis is an integral part of the E1 visa business plan document. It includes market research for the company’s substitutes and competitors and helps in planning the course of action of the enterprise.
Historic and Projected Trade
This documentation provides a detailed account of the historical trade data of the target company based on surveys or real-time data. It also includes a section whereby statistical analysis is used to predict the fate of the enterprise in the US economy thereby providing a clear view of the projected trade of the company.
Products and Services
This section provides data on the numerous products and services that the enterprise claims to offer. It must categorize the products and services according to its target consumers. This would ensure proficient planning of the business venture.
Organizational structure and Recruitment Plan
The plan must provide in detail the organizational structure and recruitment plans as well as the hierarchy followed by the management team for various proceedings.
Financial Model for 5 years
The plan must come up with a budget for five years to accomplish the fact the enterprise would provide benefit to the economy of the states in the long run. It must include all the financial data regarding capital formation, recruitment, and the initial setting up of the business. It also includes the plans or course of action that the company plans to undertake for its expansion and growth.
Contribution to the US economy
Lastly, but most importantly the plan must provide credible data on how it would benefit the economy of the United States of America. This is the most important section of the entire documentation of the E1 Visa business plan. This is the key point that the immigration officer would be looking forward to. If this is lucrative enough then the approval can be received.
E1 visa or the treaty traded visa allows the nationals of the countries that engage in trade with the USA to set up or expand their business in the US. It allows them to experience the taste of international trade.