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Am I eligible for the multinational manager green card category or the L-1 working visa if I already sold my foreign company?

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Am I eligible for the multinational manager green card category or the L-1 working visa if I already sold my foreign company?

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No. The foreign company, which will purchase and/or establish an American company as its subsidiary must be, at the present time, active in business. Remember. In order to qualify for this category, the foreign company must be an active one, in legal existence for at least one year, and the manager attempting to be transferred to the American company to be purchased/established, must have worked for the foreign company in an executive or managerial capacity for at least one year in the last three years. The individual owner of the foreign company, or the foreign company, must be the registered owner of 51% or more of the American company in order for a green card or working visa to be obtained. The American company must be in lawful existence for at least one year in order for the transferring manager to qualify for a green card. If not, then the best the foreign business manager can obtain at the beginning is an L-1 temporary working visa, which is valid, initially, for only one year,

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