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Budget Corporate Renewals Presents Operating Tip #

10

Benefits for Foreign Nationals

As a foreign national citizen, when you set up a Nevada corporation you are establishing an entity resident in the United States, with all of the benefits that accrue to that status. And no, you do not ever have to set foot in the country to do this.  You can even set up a virtual office presence, with a telephone answered in the name of the corporation to present a different face to the new global community!

A Nevada corporation can provide services for a business in a foreign jurisdiction and receive its income in Nevada, where is taxed at the federl rate of just 15% on the first $50,000 of net income. In some cases, that advantage alone is sufficient reason to take this step IMMEDIATELY. In the long run, however, you will find that Nevada’s “haven” status will serve you in many other ways as well.

Coming to America

The United States Immigration Service has in recent years relaxed requirements for many high-tech workers, in recognition of the global demand for skilled workers in this field. H1-B visa status—which applies to entertainers, athletes and those who otherwise possess unique skills—is easier to obtain now than at any time in the past.  Wouldn’t it be nice if an American company needed you badly enough that it would help you to qualify for an H1-B visa?  You just might have a LOT to offer this country!

H1-B visa quotas are often filled quickly but there is another type of visa that might be of interest to any foreign national working in a management capacity. An executive or manager of a foreign corporation affiliated with a U.S. corporation can qualify for an L visa, if the following requirements are fulfilled:

The foreign corporation must be affiliated with the American (Nevada) corporation and should have assets in excess of $500,000.

Document that you are in fact an executive or manager of a foreign corporation affiliated with the U.S. corporation.

Document that the U.S. corporate affiliate is in need of someone with your skills and abilities. (An advertisement demanding a special combination of skills and abilities that just happen to match your own will help a lot.)

Document your skills and abilities relative to the U.S. corporation’s needs.

In addition to the L-type visa, foreign nationals may be able to avail themselves of E-type visas, which typically involve investment in U.S. businesses. We suggest you consult with an immigration attorney.

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LEGAL NOTICE: Information on this site is not intended as and shall not be construed to be LEGAL ADVICE.
When dealing with legal matters, you should always avail yourself of the services of a qualified member of the Bar Association.
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