Immigration Lawyers Toolbox Magazine
BUSINESS PLAN EXPERTS WEIGH IN ON E-2 & L-1 Renewals & RFEs in the Wake of Covid-19 Although
by PAUL MONSON, Director & Partner at Joorney Business Plans
there are new variants of coronavirus on the rise, life here in the U.S. has slowly started feeling more “normal” — more vaccinations, fewer masks, and less physical distance between us and our friends, family, and colleagues — but we’re not yet fully back to business as usual. Because of this, many businesses with visa renewals coming up are feeling understandably anxious.
Due to COVID-19, many businesses have not performed as expected. In terms of immigration, this often means they didn’t meet the financial or hiring projections they originally expected, had to pivot or change their business model, or otherwise fell short of the goals outlined in their last visa application. As you can imagine, many immigrant entrepreneurs are worried that their visas might not get renewed. Sure, COVID-19 has battered the US economy, and if you’re a business owner, your business might not have achieved all the goals you set in the past year. But fortunately, that doesn’t necessarily mean that your visa is in jeopardy! While we won’t venture to provide legal advice (if you’re an applicant or visa holder, you should always speak to an immigration attorney if you have legal
questions), we are experts at business plans. We handle all types of business immigration visas from O-1s to H-1Bs to EB-5s, but we are especially familiar and well-versed in E-2s and L-1s. So, from a business perspective, here’s what we think COVID-19 can mean for renewals, why it may not be as bad as many think, and how you should approach your E-2 and L-1 visa renewals in the time of COVID-19. The Silver Lining for E-2 & L-1 Visa Businesses Impacted by COVID-19
This year, we have seen our fair share of initial L-1A renewals come through. There have also been many E-2 and regular L-1s that just happen to be up. Whether brand new or well-established, most of these businesses were significantly impacted and have not had time to get back on track or are still in the process of pivoting their business in response to the challenges posed by the pandemic.
But there is a silver lining here from a visa perspective. Because COVID-19 touched almost every industry, explaining why an E-2 or L-1 business didn’t perform exactly as promised in the original application or last renewal may actually not be that difficult.
Receiving business plans next week when you needed them yesterday? JOORNEY BUSINESS PLANS Business plans on time. Every time.
Issue No . 3
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