Cleveland, OH - Business Visas Seminar - December 6 - 5:00
SPACES & CO
1536 St Clair Ave NE
Cleveland, OH 44114
WHAT IS THE BIG DEAL?
Many emerging market countries in Africa and the Middle East are eligible for E-1, E-2, and L-1 Visas, and BARELY TAKE ADVANTAGE OF IT!
Meanwhile, nations such as Japan and Germany, take advantage of these visas by the thousands to set up businesses in the United States. These businesses then reinvest back into their home countries.
WHAT IS THE SOLUTION?
Our Law firm is reaching out directly to companies and entrepreneurs from emerging markets to educate them about the benefits and process of obtaining E and L category visas.
HERE ARE THE FACTS.
Queen City Immigration Law Partner, Sherrod Seward, will be hosting a seminar in conjunction with our Cleveland, OH offices on Tuesday, December 6th. This seminar will detail the eligibility and requirements for the E-1, E-2, and L visa categories. Sherrod will also discuss how these visas can be used to encourage economic trade back to emerging markets.
Over the past five years, foreign business people been using investment and employment based visa solutions to do business in the United States more than ever before. This trend did not propagate in emerging markets such as Africa, the Middle-East, and the Caribbean. Immigration is often a significant incentive to foreign businesses looking to provide direct investment into the United States.
The world’s most powerful and innovative countries take full advantage of the visas available for employment and investment. Countries in Africa and the Caribbean are far behind in the number of applications for these visas. One primary reason is that many emerging market countries are not eligible to apply for E category visas due to the various requirements of a U.S. Treaty authorization. However, even in countries that do have treaties with the United States for the E category visas, this opportunity is not always taken advantage of.
What are the incentives for the Foreign Business Owners taking advantage of business and investment visas?
1. Less red-tape for traveling to the United States – Visitor visas have a lot of limitations and are becoming more difficult to obtain, especially in emerging markets.
2. Work Authorization – Visitor visas do not permit a foreigner to legally work in the United States. The L visa comes with a work authorization while the family members of an E visa holder can obtain work authorization.
3. Period of Stay – Visitor visas usually only authorize 6 months of visitation at a time and the foreigner can risk losing the visa if they stay in the States too long. Both the L and E visa permit lengthy periods of stay for foreign nationals.
4. Legal Permanent Residence – There are direct and indirect avenues for foreign nationals to obtain Legal Permanent Residence (“Green Card”) through the L and E visa programs.
5. Education – Many foreigners invest copious amounts of money to facilitate their children being able to receive an education in the United States.
6. Access to Finance – In many cases, it is easier for a foreign business to receive more affordable financing through an entity domesticated in the United States rather than their location in the home country.
7. Transfer Workers – Both the L and E-1 visa have features that allow for the transfer of employees which facilitates business growth and training.
Why Business People in Emerging Markets may not be taking advantage of investment and employment based visas?
1. Lack of Knowledge - Most business people in emerging markets are generally unaware of these visas. Queen City Immigration Law is dedicated to the mission of educating the underserved market about global business solutions through E and L visa categories.
2. Repatriation of Funds - In many countries, there are governmental hurdles to getting USD out of the country. For example, Ethiopia has government regulations to control the flow of USD out of the country due to an effort to curtail inflation of its own currency. These barriers are not always fatal to success as there are private lenders in the market for assisting in these situations. We may be able to introduce you to a lender.
3. Source of Funds - For investment based visas, the United States Citizenship and Immigration Service has strict guidelines about getting comfortable with the SOURCE of the funds used to make the investment. In emerging markets, a lack of records and transparency are fatal to investment deals because USCIS cannot verify the source of the investment.
4, Corruption - Issues at the consular offices have also been blamed for lack of knowledge about immigration solutions. These issues are commonly government officials creating barriers to complete the application process such as charging miscellaneous fees to provide documentation the petitioner needs for their applications.