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FOREIGN NATIONAL LOAN
An Overview of U.S.
Non-Immigrant Business Visas
With the exception of the "million
dollar investor" category, most individuals seeking to live
permanently in the United States must first enter through a temporary
visa. The United States Government refers to such visas as
"nonimmigrant visas," and these range from the routine B-1/B-2
Tourists/Business Visa to highly specialized categories for
entertainers, artists and multi-national employees.
What follows below is a very brief summary of each of the visa
categories. The purpose of these summaries are to assist you in
evaluating whether you may be eligible for any particular working visa
in the United States. Please bear in mind that the immigration laws
are under constant change and that some of the information contained
herein may or may not apply to the specific facts of your particular
case.
B-1
The "Business Visitor" visa is the most commonly utilized category for
persons initiating business activity in the United States. (B-1 visa
applications rarely require the assistance of an attorney.) The visa
is issued upon the merits of the individual applying; ordinarily, it
is not necessary to retain counsel in applying for a B-1 visa. The B-1
allows an individual to incorporate in the U.S., acquire property,
sign contracts, etc.; it precludes the individual from directly
managing any U.S. business or in any way receiving wages from a U.S.
source, even if self-owned.
L-1
The "Intracompany Transferee" category is available to individuals who
either own or are employees of a foreign corporation in which they
have worked for at least one of the prior three years, in an
executive, managerial, or specialized-knowledge capacity. The employer
must be a U.S. corporation related directly, in any one of a variety
of ways, to the foreign company. The L-1 visa carries a maximum
approval of seven years, but is perhaps the most direct conduit to
permanent residency in the United States.
E-1
The "Treaty Trader" category is available to individuals from nations
which have signed a treaty of trade and commerce with the United
States. The Treaty Trader visa is available for an unlimited number of
years and allows the spouse and minor dependents of the recipient to
live and attend school in the United States. While many large
corporations involved in import/export utilize the category, it is
most frequently used by small to mid-size companies seeking a
permanent trading presence in the United States.
E-2
Like the E-1, the E-2 "Treaty Investor" allows a foreign individual or
corporation to invest actively in a U.S. business and remain in the
U.S. while operating and managing it. Like the E-1, it has no limit on
the number of years and does not require an unabandoned foreign
residence. The Treaty Investor visa is not limited to any particular
type of business and it can include restaurants, manufacturing, and
virtually any other type of activity permissible by law.
O Visa
The O visa is set aside for aliens of " extraordinary" ability in the
sciences, arts, education, business or athletics, certain aliens
accompanying or assisting those aliens, and their family members. The
fundamental requirement for an O visa is to have reached the top of
the profession or endeavor for which the alien seeks admittance into
the United States. The beneficiary of an O visa may remain in the
States until the event, project or activity for which the alien is
admitted is completed. The initial period of stay can be sought for
three years and thereafter one year increments may be sought to
complete the activity, event or project. An employer must petition for
the O alien; the petition must be submitted only after the employer
consults with a peer group, labor organization, or management
organization regarding the work to be performed and the alien's
qualifications. In most cases the consultation takes the form of a
written advisory opinion from a peer group.
P Visa
The P visa category covers those entertainers and athletes who cannot
qualify under the extraordinary ability standard of the O category.
The category covers alien athletes who compete individually or as part
of a team at an internationally recognized level and aliens who
perform with or, are an integral and essential part of the performance
of, an entertainment group that has received international recognition
as "outstanding" for a "sustained and substantial period of time."
NOTE: This web site
does NOT provide legal advice. For information only. You should
consult a qualified legal advisor on any immigration issue.
Florida Mortgage Corporation offers the
perfect mortgage for Foreign Nationals that features no documentation
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We have
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Check our
references
British Florida Financing ▪
Remortgage
▪
Equity Release ▪
UK or
USA Mortgage?
Short
Term Rental Property ▪
Short Term Rental Property Risks ▪
Guaranteed Rentals
Short Term Rental Communities ▪
UK -USA Mortgage Glossary ▪
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