Business Plans for Sole Representative Visa
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If you are looking to expand your business to the UK and set up a branch or wholly owned subsidiary, you are probably best off applying for a ‘Representative of an Overseas Business’ visa. In order to apply, you will need to attach a business plan to your application, indicating how you will grow the business once you have recieved the visa. This can make or break your application, so it is important that it is detailed, professional and that you are very familiar with it.
We can assess and advise on a plan you already have, or start working with you on it from scratch. This will include local market research and financial forecasting which not only increases your chances of a successful application, but also your chances of running a successful and profitable ongoing business in the future.
What is included in the business plan?
In general, your business plan should include an Executive Summary, with a succinct overview of the business, the industry and some information about what makes you qualified to start the business. Other important aspects include Sales and Marketing Methods, Market Research and Competitor Research. And most importantly of all, your financial forecasts for the first 3-5 years, in particular Revenue Forecast, P&L Forecast, Cash Flow Forecast and Balance Sheet Forecast.
We follow a format that includes a detailed written section and a comprehensive financial summary. Your plan will include as standard:-
- Executive Summary
- Sales & marketing methods
- Staff profile/HR strategy
- Investment strategy
- Products & services
- SWOT analysis
- Market analysis
- Competitor analysis
- Innovation, viability & scalability
- Cash flow forecast
- Revenue forecast
- Annual P&L forecast
- Balance sheet forecast
- Forecasted stock levels (if applicable)
- Forecasted advertising/marketing expenditure
- Forecasted fixed asset schedule
- Forecasted staff costs
We also work with you to tailor an individual approach. We realise that everyone’s business is personal and we aim to understand and include every facet of your business idea in order to create a unique result.
How long does it take to complete?
In our experience, a business plan will generally take around 4 weeks to complete. We try to make the process as collaborative as possible and involve you in the process as much as possible to ensure that you are familiar with the plan. We are also available subsequently if you have follow up questions or need support submitting your application to the right endorsing body.
We also offer expedited services of 1 & 2 weeks if your application is time-sensitive.
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