With the vibrant business ecosystem and investor friendly laws, the USA has ranked among the most conducive destinations for businesses. Due to the extensive benefits, a large number of businesses are investing in the nation. Already 319 of the 540 startups have a value of $1 billion or more. A significant number of these businesses have founders from India, Israel, China, etc.
Further, the silicon valley enterprises continue to clock extensive profits while international entrepreneurs focus on making the most of their startups investments. Due to such investor friendly policies, the nation has 2.8k Venture Capital investments, 2.4k accelerators, etc.
Reasons for choosing USA L-1 Visa
The USA L-1 Visa is a valuable tool for employers who wish to make the most of international talent and resources. This permits skilled workers to bring their expertise and experience to your US operations for an initial period of 3 years. The same can be extended as per your requirements.
Types of USA L-1 Visa
There are two types of USA L-1 Visas -
- USA L-1A Visa
With the USA L-1A Visa, you can transfer foreign managers and executives to your USA office. The same is known as L-1A Intracompany Transferee Executive or manager Visa. The visa allows for an initial stay of up to 3 years in the nation. These can be extended twice until the stay time is 7 years.
All executives and managers need to fulfill the following criteria to be eligible for the grant of L-1 Visa.
For executives -
- Look after the company and its day-to-day management.
- Establish company rules, regulations and goals,
- Has an authority to make decisions on behalf of the board of directors and stakeholders.
For managers -
- Has authority to hire new employees,
- Directs the everyday operations of your business,
- Leads a key department of the business, etc.
- USA L-1B Visa
This is also known as the L-1B Intracompany Transferee Specialised Knowledge visa. This offers an opportunity to the employees with specialised knowledge of organisation processes, products and technology. This offers a 5 year stay in the nation with 2 years of extended stay upon the expiration of the initial stay. Here is the list of the areas where such individuals can seek the visa -
- Lawyers,
- Engineers,
- Surgeons,
- Teachers,
- Professors, etc.
Any application made for the grant of these visas will be scrutinised by the USA immigration authorities. They will assess that the role cannot be filled with non-US workers. This creates an extremely high threshold to meet and evidence which requires a compelling and thorough petition to be complied.
However, L1 visas can be one of the more complex visa petitions that are extremely heavily scrutinised. For the application to succeed, your business needs to present supporting documentation. Any errors or omissions in the submission can result in delays.
Key benefits of such visas
The key benefits of such visas are -
- Facilitating intercompany transfers,
- Expansion and establishment of the USA operations,
- Strategic international growth,
- Access to a global talent pool,
- Compliance and legal framework,
- Enhancing global collaboration, etc.
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