Frugal non-immigrant entrepreneurs planning on saving money by writing their own business plans may not be able to do so in the future. At least one U.S. consular post is requiring business plans to be authored by a Certified Public Accountant ("CPA") or equivalent professional. While reasons driving this requirement are not entirely transparent, U.S. consular officers may have conceivably found business plans written by CPAs to be more succinct and credible than plans written by the "usual suspects", i.e. the business owner applicants or even their friends. Accordingly, foreign nationals applying for U.S. E-2 Investor visas at the consular section of the U.S. Embassy in Singapore should be aware that the required business plan will need to be prepared by a certified professional. Meanwhile, the U.S. Consulate in Tel Aviv has its own requirement that a CPA essentially bless the business plan with what is colloquially referred to by CPAs as a "comfort letter". It remains unclear as to whether these additional business plan requirements at these two posts will catch on and spread to other U.S. missions across the globe. However, it is equally possible that they will persist for just a few months before disappearing altogether.
We assist countless foreign nationals and we will be happy to personally assist you with your application as well. Drop us a line at Lawyer@MurrayLawNJ.com or call us at (888)354-6257. For reasons on why you should consult an immigration attorney whenever you have an immigration issue, see our page titled: Reasons Why it is Vital to Use an Immigration Lawyer.
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