Benefits of choosing USA L-1 Visa

 

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 this nation. Among the cohort of 582 startups, 319 (i.e. 55%) startups have achieved a valuation 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, this nation has 12.7k Venture Capital Funds and 2.79k Accelerators & Incubators having a combined portfolio of 67.8k companies and 28.7k companies respectively.

 

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 in the US operations for an initial period of 3 years. The same can be extended for a maximum period of 5 years or 7 years, depending upon the type of USA L-1 Visa, in 2-year increments.

 

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, foreign managers and executives can be transferred to the office in the USA. The same is known as L-1A Visa for Intracompany Transfer of employees working in executive/managerial capacity. The visa allows for an initial stay of up to 3 years in the USA, which can further be extended in 2-year increments for a maximum period of 7 years. 

All executives and managers need to fulfill the following criteria to be eligible for the grant of L-1A Visa. 

 

For executives - 

 

Ø  Look after the company and its day-to-day management

Ø  Establish company rules, regulations and goals

Ø  Has an authority to make decisions on behalf of the board of directors and stakeholders, etc.

 

For managers - 

 

Ø  Has authority to hire new employees

Ø  Directs the everyday operations of the business

Ø  Leads a key department of the business, etc.

 

• USA L-1B Visa

 

This is also known as the L-1B Visa for Intracompany Transfer of employees possessing specialized knowledge. This offers an opportunity to the employees having specialized knowledge in organization’s product, services, management, research, technology and processes. The visa allows for an initial stay of up to 3 years in the USA, which can further be extended in 2-year increments for a maximum period of 5 years.

 

Below is the list of few areas where such individuals can avail the benefits of this visa –

 

Ø  Lawyers,

Ø  Engineers,

Ø  Surgeons,

Ø  Teachers,

Ø  Professors, etc.

 

Any application made with respect to the aforesaid visas will be scrutinized by the USA immigration authorities, with a focus on evaluating that the role cannot be filled with the US workers. This necessitates the presentation of the comprehensive case, accompanied by the evidence, in order to satisfy the requirements and successfully navigate the application process.  

 

However, L1 visas can be one of the more complex visa petitions that are extremely heavily scrutinized. In order to ensure the positive outcome of your application, it is imperative that your business provides all necessary supporting documentation. Any errors or omissions in the submission can lead to unnecessary delays.

 

Key benefits of L-1 visa

 

Some of the key benefits of L-1 visa are as follows –

 

• Facilitates intercompany transfers,
• Expansion and establishment of the USA operations,
• Strategic international growth,
• Access to a global talent pool,
• Enhancing global collaboration, etc.