It is an underutilized category, and I have used it successfully since it went into effect in 1990. Too many people fall for or have been convinced to go for the EB-5 green card category, which takes much, much longer than this category, and has major risks.
HOLLYWOOD, Fla. (PRWEB) May 09, 2019
Barak, whose practice includes “investment-based immigration,” assists investors in a category for a green card for Multinational Executives and Managers. Barak said, “It is an underutilized category, and I have used it successfully since it went into effect in 1990. Too many people fall for or have been convinced to go for the EB-5 green card category, which takes much, much longer than this category, and has major risks.”
The most common temporary work visa, a non-immigrant one for investors, is as follows: According to the U.S. Citizenship and Immigration Services, “The L-1A nonimmigrant classification enables a U.S. employer to transfer an executive or manager from one of its affiliated foreign offices to one of its offices in the United States. This classification also enables a foreign company which does not yet have an affiliated or subsidiary U.S. office to send an executive or manager to the United States to open a new one. For new subsidiaries, the L-1A visa is valid for only one year, but can be renewed for two years each time up to a maximum of seven years. For an existing U.S operational subsidiary, it can bring in a foreign manager and he/she receives a three-year L-1A to start.”
Spouses and children receive the L-2 visa. The spouse can also apply for a work permit. This work visa is also convertible into a permanent green card through the multinational manager category.
Barak added, “Leaving the temporary work visa aside, the creative shortcut to the permanent residency or green card for multinational managers is to skip the L-1A visa completely and for the sizeable foreign company to buy 51% to 100% of an American company with at least eight employees. The newly acquired company becomes the foreign company’s subsidiary and the newly purchased company’s financial and worker history can be used for a green card case for the foreign company’s manager/owner right away. Stated clearly, the newly acquired U.S. subsidiary can apply directly and immediately for a green card for the foreign executive or manager.”
For qualified overseas business owners/investors who have no patience to work on an L-1A visa for multiple years, the short-cut for a multinational manager EB-1 green card is a perfect match.
Barak concluded, “I’m the son of immigrants. My childhood friends were the children of immigrants. Helping immigrants is like helping family and friends. There is nothing like delivering to quality foreign clients life in America!”
About Alex T. Barak, Law Offices of Alex T. Barak, P.A.
Alex T. Barak, licensed as an attorney in good standing for 37 years, who prides himself on his writing skills, handles all forms of immigration law, including green card cases from family members such as wives, husbands, children, fiances and parents, as well as business and investor-type visas, asylum and deportation cases. He has been named one of the Top 3 Best Immigration Lawyers in Hollywood, FL. Practice areas of the Law Offices of Alex T. Barak, P.A. also include business law, civil litigation and personal injury law. For more information, please call (954) 961-6200, or visit https://baraklaw.com/.
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