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Business Visas
Here is a brief description of the business visas that can be used when doing an acquisition

Visa L1

An L-1 visa is a visa document used to enter the United States for the purpose of work in L-1 status. It is a non immigrant visa, and is valid for a relatively short amount of time - generally three years. L-1 visas are available to employees of an international company with offices in both a home country and the United States, or which intend to open a new office in the United States while maintaining their home country interests. The visa allows such foreign workers to relocate to the corporation's US office after having worked abroad for the company for at least one year prior to being granted L-1 status. The US office must be a parent company, child company, or sister company to the foreign company. The US office can be set up also through acquiring a business in the US.

Spouses of L-1 visa holders are allowed to work, without restriction, in the US, and the L-1 visa may legally be used as a steppingstone to the Green Card under the doctrine of dual intent.

The L-1 visa has two subcategories: L-1A for executives and managers, and L-1B for workers with specialized knowledge. L-1A status is valid for up to 7 years, L-1B for 5. After the expiration of the 7 or 5 years respectively, the alien must leave the United States for an aggregate of 365 days, and must work for a parent, subsidiary, affiliate or branch of the U.S. company during that time before becoming eligible to reapply for an L-1 visa.

There are two types of L-1 procedures:

  • Regular L-1 visas, which must be applied for and approved for each individual by the U.S. Citizenship and Immigration Services (USCIS); and
  • Blanket L-1 visas which are available to employers who hire large numbers of Intracompany Transferees every year.

For a regular L-1 visa, the company must file a petition with the USCIS and each petition is evaluated on its own merits.

In the case of a blanket L-1 visa petition, it has already been determined by USCIS that the company qualifies for the issuance of Intracompany Transferee visa, so the individual visa applicant need only file a copy of the approved blanket petition, along with documents supporting their personal qualifications, with the U.S. consulate or embassy having jurisdiction over their place of residence proving the applicant's qualification

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