If you plan to start or acquire a business in the US, you will likely require an E2 visa, also known as the Treaty visa.
And while there are many requirements to be eligible for an E2 Visa, submitting a fully comprehensive business plan with detailed financial projections remains non-negotiable.
While applying, if your business plan offers insufficient financial details, the adjudicator is likely to delay the process or reject your application.
To ensure you don’t get into such situations, refer to this blog post. It offers a comprehensive list of essential financial statements for an E2 Visa business plan.
Let’s get straight to it.
Key financial statements for the E2 visa business plan
The most crucial component of an E2 visa business plan is its financial statements. It includes your funding plan, financial projections, cash flow statements, industrial assumptions, and many more documents essential for qualifying your application.
Here is a list of financial statements you need to include in your E2 visa business plan.
1. Projected income statements
An E2 visa business plan should include at least 5 years of projected income statements prepared using GAAP (generally accepted accounting principles). The projections should be backed with substantial data and research to gain USCIS (U.S. Citizenship and Immigration Services) confidence.
The income statement demonstrates the business’s financial sustainability, proving that your venture can generate sufficient income to support itself and its employees.
2. Projected balance sheet
Similarly, you should include up to 5 years of projected balance sheets in your E2 Visa business plan. The balance sheet highlights your business’s ability to manage its finances responsibly by offering a snapshot of your business’s financial health.
The immigration authorities can evaluate your assets against liabilities and determine your ability to generate stable income to support yourself, your employees, and your family.
3. Projected cash-flow statement
Cash is literally the lifeline of any business. By preparing your cash flow statements (CFS) for the next few years, you account for every expense and income that may affect your ability to cover operational costs.
The CFS details how cash moves in and out of your business. It’s especially important for E2 visa applications to prove that your investment funds are actively used to run the business.
4. Projected sales
The E2 visa business plan should include sales projections for the next 3-5 years. This table should include detailed information about projected sales, growth rates, and pricing illustrating the revenue projections of your business.
5. Funding plan
This is the most important aspect of your E2 visa business plan. The immigration authorities need to understand how you plan to fund your business, i.e. loan, personal savings, investor finding, etc.
You must also provide documentary evidence of the source of funds with a clear paper trail. Additionally, offer a clear plan outlining how you would be utilizing the funds.
Ideally, the size of your investment should be substantial in proportion to the total cost of the business project. Only then your E2 visa business plan has a chance of succeeding.
6. Jobs and salary figures
The E2 visa plan should clearly demonstrate how you plan to generate jobs in the US. As a part of documentary evidence, create a table outlining the jobs you would be creating, the salaries for each, and the approximate timeline of filling those positions.
This table should competently demonstrate a business’s ability to create jobs and competitive salaries with industry standards.
And those are all the financial documents you should be adding to your E2 visa business plan.
Conclusion
When you write an E2 visa business plan, you’re not trying to impress the investors. Instead, you’re proving your business’s ability to the visa adjudicators who would be approving your visa.
Now, you could be using an E2 visa business plan template to build your business plan. However, we would suggest getting professional help to develop a plan that’s structurally and contextually comprehensive.
Upmetrics’s business plan consulting offers that professional help.
We offer plan writing, reviewing, and financial forecasting services to prepare a fully compliant E2 visa business plan. Our experts bring their decades of experience and nuanced understanding of E2 to prepare a rejection-proof visa business plan.
