Posted in: Vinay Malik | September 24, 2024
The recent Federal Reserve interest rate cut is primarily seen as a measure to boost economic growth, but it could also have significant implications for U.S. immigration, particularly work-based visas like H-1Bs. For immigrants and businesses alike, understanding the ripple effects of this economic policy is crucial, as it may influence demand for foreign workers and impact visa policies. How Interest Rate Cuts Affect the Economy and Job Market If the Federal Reserve lowers interest rates, cost of borrowing decreases to the business entities. This often results in higher spendings, extension, and employment as organisations seize the opportunity to borrow more to...
Continue ReadingPosted in: Vinay Malik | September 24, 2024
At VKM Law Group, we pride ourselves on delivering exceptional results for our clients. One of our recent successes involves securing an EB-1C I-140 approval for a client seeking a green card for a managerial employee at their US office. The Challenge Our client aimed to sponsor an employee working as a manager in their US office for an EB-1C green card. The process for obtaining an EB-1C I-140 approval is rigorous, requiring a comprehensive petition that: Details the foreign managerial duties performed by the employee. Describes the managerial duties to be performed in the US. Establishes a qualifying relationship between the...
Continue ReadingPosted in: admin | September 5, 2024
The L-1 visa is a non-immigrant visa that allows multinational companies to transfer employees from their foreign offices to their U.S. branches. It is available in two categories: L-1A for executives and managers, and L-1B for employees with specialized knowledge. Understanding the initial validity period and the process for obtaining extensions is crucial for both employers and employees to ensure compliance and continued employment in the U.S. Initial Validity Period L-1A Visa (Executives and Managers): The initial validity period for an L-1A visa is up to 3 years. If the employee is coming to the U.S. to establish a new office,...
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