Administrative Appeals Office (“AAO”) issued a precedent decision known as Matter of Ho that set forth the requirements of an EB-5 compliant business plan. According to Matter of Ho, as part of an I-526 petition an EB-5 investor must submit a comprehensive business plan demonstrating specific criteria.
A description of the EB-5 business, its products, services and objectives
A market analysis
SWOT Analysis including the names of competing businesses.
A description of the target market/prospective customers of the new commercial enterprise.
Confirmation and listing that the company has received or is in the process of applying for project specific permits and/ or licenses.
If applicable the EB-5 business plan should describe the manufacturing or production process, the materials required, and the supply sources.
Detail any contracts executed for the supply of materials and/or the distribution of products.
Detailed marketing strategy of the business, including pricing, advertising, and servicing.
The business plan should outline the business’s organizational structure and it’s personnel experience.
The business plan must also explain the business’s staffing requirements and contain a timetable for hiring and job descriptions for all positions. Contain sales, cost, and income projections and detail the bases therefore.
Finally, the business plan must be credible. Let us help you get through this important event correctly.