There is much uncertainty about the trade relationship between the United Kingdom and the United States. In 2019, the UK was the US’s seventh-largest trading partner with trade at an all-time high with imports worth $125 billion and exports worth $147 billion. However, after the pandemic, several policies by President Trump affected many trade sectors, including a dispute over subsidies to Airbus with the European Union that led to increased tariffs on British products.
Many things are expected to change after Brexit and the inauguration of President Joe Biden. However, there is continued uncertainty about the future of trade with the UK as the pandemic overwhelms many countries around the world leading to tighter border restrictions.
At this time, business immigration is a lucrative opportunity for many immigrants who want to settle in the US as it is expected that the focus would be on helping the US economy recover post-pandemic. A country needs new businesses and investments to sustain the growth of its economy. Therefore, it is beneficial for both the immigrant and the nation.
What Are the Different US Business Immigration Options for UK Investors?
Another name for Business Immigration to the US is the US Investor Visas. Here are the three available for foreign nationals:
L-1 Intercompany Transfer Visa:
There are 2 types of the L-1 Visa. The L-1A Visa is for business managers and senior executives to transfer to the US office or location of the company they are currently working for.
The L-1B Visa is for employees with specialized knowledge about the enterprise to work in the US office for up to 5 years. In 2010, more than 10,000 L-1 Visas were issued to immigrants from the UK. However, this visa can also be used to establish a new business or office in the US.
This visa is also used by companies that do not have an office or location in the US, but want to establish a new one. This way businesses can transfer their senior-level managers or executives who will be responsible for settling up and managing the business on an L-1 Visa.
While L-1A is a nonimmigrant visa (temporary), it can be renewed for up to 7 years. If the L-1 Visa holders want to apply for permanent residence, then they can opt for the EB-1C and EB-3 immigrant visa options.