L-1 Business Visa – Starting a New Business Ramp up Period
The one year period immediately following the issuance of an L-1 business visa is referred to as the ramp up period. The ramp up period allows the business to ramp up operations and begin conducting normal business activities. The ramp up period allows the business to be active and operating and differs based on the nature and type of business. L visas are issued for a term of 1 year for corporations looking to expand. Typical factors which influence normal operations include hiring additional employees, fulfillment of contract orders, having a revenue stream, holding inventory. At the expiration of 1 year, you can seek renewal of this visa for an additional three years.
Just a few of the requirements for starting a new business include:
1. You must secure physical space. The amount of space will vary depending on the type of business you are opening;
2. The new physical space must have a signed lease agreement, mortgage or other proof of real estate purchase;
3. Business plan, marketing materials, or other descriptions of the business connecting the activity of the business with the space required; and
4. You must be prepared to demonstrate how the physical space secured is sufficient to operate the business.
It is important to note that obtaining an L-1 business visa is a complicated process, and should be left to an experienced professional. Shupe Dhawan has significant experience handling employment based L visas and can handle your case. We help clients from all over the world immigrate to the United States. Please contact us to setup your consultation and to discuss your case with one of our attorneys. You can contact us by phone at 954-507-7220. We look forward to assisting you with your immigration needs.