US immigration is on the rise. The administration has eased the previous regulations from the H1-B visa. It gives more freedom to people who want to migrate under specialty occupations. The L1A visa USA is one such program that enables employees to migrate to the country without any hassle.
With the L1A visa, specialized knowledge workers can transfer to the US location as managers or executives. Employees must have at least one year of experience working with the company that is sending them to the states.
The EB1C visa is similar to the L1A visa. However, it provides a green card as an international manager or executive. Many people convert from the L1A to EB1C process. This is one of the best ways for investors to migrate under an employment-based immigrant visa along with the families. EB1C USA investment visa also works when investors acquire a business in the US and migrate as a top-level executive in that company.
This article will highlight the significant differences between the L1A visa USA and EB1C green card. We will focus on the processing time, benefits, visa type, duration, and more. We will also highlight how investors convert from the L1A to EB1C visa. Let’s have a look in detail.
Difference between L1A Visa and EB1C visa
Both visas are indirect USA investment visa, enabling investors to migrate with their families to the states. It is more focused on business acquisition rather than the business establishment. They do not lead to USA citizenship directly. Here are the major differences between L1 visa and EB1C green card –
Type of visa
L1A Visa USA is a non-immigrant visa. It does not provide permanent residency or lead to Green Card. Investors can obtain the visa and migrate as specialized managers or executives to the country. However, they would need to convert the L1A to EB1C visa for obtaining PR.
EB1C is an immigrant visa. It offers investors and their families permanent residency in the country. However, the criteria are similar – investors need to migrate as specialized knowledge workers or executives to a foreign company. The idea is to acquire a business in the US and then migrate as its top-level executive.
The L1 visa processing time is about 1 to 5 months. However, through USCIS premium processing, investors can obtain the visa within 15 days.
The L1A to EB1C processing time is around 1 to 1.5 years. Investors can migrate within 5 months under the L1A visa and then acquire their green card in the next 8 to 14 months. It is one of the quickest ways to obtain a green card in the US. Eventually, the program leads to US citizenship by investment.
The EB1C processing time doesn’t take too long for the green card. It happens when the family is living in the country. With the assistance of a professional investment immigration specialist, investors can reduce the EB1C green card processing time. It also depends on the number of backlogs in that particular year of application.
The duration of the L1A USA investment visa is 7 years. Since it is a non-immigrant visa, the duration cannot be extended through renewal. The only option investors have at the end of the duration is to convert the L1A to EB1C process.
On the other hand, the EB1C green card is an immigrant visa. Investors can renew it an unlimited number of times an extended stay in the US. It is a form of permanent residency, so the investors never have to worry about the visa expiring after a certain period of time.
Cost of visa
The L1A to EB1C requirements suggest that you invest at least $700,000 in business acquisition in the US. It covers investors and their family of 4 members. They are free to live, travel, and work anywhere in the US. The investment amount is much less compared to the EB-5 investor visa, which requires you to invest a minimum of $900,000 in the country.
Benefits of L1A and EB1C visa
Both the visas offer access to the high-quality lifestyle of the United States. Investors can explore business opportunities while their children and family can take advantage of the education and healthcare system.
One of the biggest benefits of the L1A to EB1C is that you can return your equity just after 36 months of investment. You can sell the business and take out your money, along with the green card issued to you as a permanent resident.
Converting from L1A to EB1C process
The L1A to EB1C success rate increases with the increase in investment. For investment in business acquisition over 1 million dollars, the success rate is 98%, promising you and your family green card in the United States.
To go from the L1 visa to EB1C green card, investors must file a petition and get approved for an immigrant visa classification through USCIS. Once that is done, they will be adjusted into the immigrant visa. There are no special L1A to EB1C requirements except that you need to work as a manager or top-level executive in the company.
The L1A visa is the perfect choice for people looking to start employment in the US. But it makes sense to convert it into an EB1C green card if you plan to live in the country. The investment immigration option is much cheaper and faster than the traditional route to acquire residency and USA citizenship. Therefore, the L1A visa USA to EB1C greencCard provides a better alternative to all the immigrants looking to permanently settle in the country.
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