In today’s blog update, we will be taking a look at the L-1 visas and what are its conditions.
The rates of approval and denial prove that the USCIS and US Consulates have become stricter in approving and/or awarding L-1 visas. This is causing problems for the growth and expansion of foreign businesses in the US.
The law is clear that a foreign business can transfer its executives and/or managers to its affiliates, which include: a branch, sister, subsidiary, or a partner company, which can be an existing or a new organization in the US to handle, expand and grow the business activities.
There are specific conditions that an organization and the transferee, which can be an executive or a manager have to fulfill in order to be eligible for an L-1A or L-1B visa. A small foreign enterprise can qualify for an L-1 visa if it plans to grow its business in the US. An L-1 visa can be renewed if the organization requires an extension.
The company submits an application for an L-1 visa with the USCIS for its executives and/or the managers using form I-129. When the L-1 is approved by the USCIS, the candidate can attend a visa interview at the consulate.
However, the approval numbers are declining every year. According to the Bloomberg report, many Indian companies have a huge hand in the American tech industry, but the restricted L-1 visa policies are negatively impacting the US economy.
According to expert opinion, along with focusing on individual entrepreneurs, the US should make L-1 Policies More Effective To Entice Indian Start-Ups And Tech Companies
India has over 100 unicorn companies with a combined value of over $330 billion. Some of these businesses have already been in the US market and many are keenly looking to mark their footprint in the US. Others hope to be publicly listed in the US and access the global market.
The minimum requirement set by the law should be followed by the USCIS adjudicating officers and the interviewing officer at the embassy. No person or company wants to risk a massive investment before having the full information of whether a visa will be given or renewed for the executives and the managers.
If the visa process is easy, the executives can concentrate on investment and expanding the business, which will benefit the US and India directly.
The Indian economy has grown considerably in the last decade, and the US visa lawmakers should consider this fact to grow business ties between the two countries.
This is the end of today’s blog update. We hope you found this blog useful. Please don’t forget to support us by subscribing to our newsletter and sharing this blog with your friends and family on Facebook, Whatsapp, and Twitter.