|The Business Plan for L1 Visa Application of New Office Openning in U.S.|
Our company wants to apply a L1 visa for me to open a new office in the United States. Do we need to include a business plan in the L1 visa application documents?
United States is the land of opportunity. Many foreign businesses want to open a company in United states after achieving success in their home country. For a foreign company to move key personnel to the U.S., the new office L1 visa is a great option.
To start a business in U.S., the L1 visa allows to move key personnel who are managers, executives and specialized knowledge employees into the United States. The L1 visa also allows qualified executives and managers a faster path to receive U.S. Green Card under the EB-1C category. The L1 visa is widely used by citizens of countries that are not on the E-1 visa or E-2 visa treaty list, such as China and India, and many other countries. To qualify for an L1 visa to open a new office in United States, the petitioner must submit the following evidence:
The business plan for this purpose should have about 10 pages, like a executive summaries of a fully featured business plans. It is important to include the following items in the business plan:
1) personnel plan for the new office in the U.S. detailing how many employees the newly formed U.S. Company plans to hire in the first year and, preferably, over the next four to five years.
2) Financial projections (revenues, costs, and others), setting out the company's short-term and long-term goals.
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