The O-1 Visa is intended for entrepreneurs and individuals with Extraordinary Ability or Achievement and is a U.S. nonimmigrant visa. This visa allows those who have demonstrated extraordinary abilities and achievement in the science, art, education, business, athletics (O-1A) or in motion picture or television industry (O-1B) to live and work in the United States. O-1 visas are filed by a petitioner, usually a US or a foreign company operating in the US, on behalf of a beneficiary, the person with the extraordinary ability. While not mandatory, an O-1 visa business plan can help the adjudicating immigration officer make a favorable decision by showing how the petitioning organization will employ the beneficiary and how it will benefit from his/her presence in the United States.

For an O-1 visa business plan to be successful, it needs to include a detailed description of the business. That includes a list and details about the goods or services the company sells, how ill it will market and sell those products and what is the organizational structure. Those details are especially important when the O-1 visa petitioner is a new business, established by the beneficiary for the purpose of allowing him or her to continue his or her extraordinary work in the US.

Besides details about the business, its products, operations and structure, an O-1 visa business plan must contain information about the industry and the markets where the petitioner business operates or will operate. That allows the immigration officer to see that O-1 petitioner and beneficiary understand the undertaking and have done the necessary market research. Analysis and comparison to close competitors of the petitioning business are also important as it shows the outlook for success of the enterprise.

Further the O-1 visa business plan must discuss how the extraordinary abilities or achievement of the beneficiary will benefit the petitioning organization. Here a good business plan writer will include exactly how the extraordinary abilities will help the business. The O-1 beneficiary can help the petitioning business creating by a better and more desirable product or by performing an extraordinary service. It could be that beneficiary’s skills are in marketing and/or creating digital assets. Regardless the case, an O1 business plan that clearly states the role and importance of the O1 beneficiary has much better chance of success.

Last but not least, an O1 visa business plan must contain a detailed financial projection. Unlike the E2 visa, the O1 visa petitioner does not need to show they will create new employment in the US or generate tax revenue.  However, the financial projections should show the petitioning entity is cable of commercial success and the O-1 beneficiary is essential for that success to happen.

If you are looking for an immigration business plan for an O-1 extraordinary ability or achievement visa contact us, Key Reef Financial, your dedicated business plan professional and business consultant in Miami, Florida.