The Intra Company Transferee Visa or the L1 Business Plan is the official permission that permits a company to take management talent from an affiliated foreign office to the US facility or establish a branch in the United States. Companies must meet specific USCIS requirements to qualify for the L1 visa in the USA. These requirements comprise of a plan that clearly states how a business operating in the United States will now be an employer. Moreover, all the potential managers must have at least three years of experience.
The L1 business proposals are crafted on the possibility that the L1 Visa can be attained after stating all the necessary information regarding the experiences of the leadership team and the management structure. Furthermore, the L1 business proposal helps entrepreneurial and potential investors because it contains management information and private forecasts. It helps form rational opinions by understanding the different choices made within the United States of America and abroad about the leadership.
Except for this, there is no specific investment requirement for the L1 Business Plan visas. However, people need to follow all the necessary requirements, including securing funds and business plans. Especially those who are seeking to use L1 visa and L-1 investment to link short-term and long-term situations.
Additionally, people interested in starting a new venture in the United States using their L1 visa are allowed to stay in the country for one year during their initial days. In comparison, qualified employees are permitted to live in the nation for up to three years. In both situations, the maximum period of stay allowed is seven years, depending on the business’s operations and reasons to extend.