Friday, August 19, 2011

How to protect your personal interest as L1 visa beneficiary?

Many people understand L1 visa requires much less money to obtain US legal status to USA. However, let’s face it, L1 visa sounds a little scary too because, as with EB5, investors need to invest and stay uncertain that the money is out of pocket whereas the visa is not in your hand.

Well, there is a solution here, which is L1 visa for new company.

What you can do is to set up a company and petition as a new company for multi-national executives, managers and special knowledge professional. You visa may be granted based on a thoroughly-written business plan. That way, you don’t have to wire money to US, or if you do, you wire to yourself.

After you receive your L1 visa, you may form partnership with some company to pursue your goal set up in your business plan. You then can apply for extension of L1 visa and pursue green card from there.

This way, you don’t have to really invest until you actually receive L1 visa and that you are in control of your funds from start to finish. Don’t you like that idea?!!