Dismissed
L-1A
L-1A Dismissed — Chemical And Pharmaceutical Import/Export (2003): did not establish the foreign entity had sufficient
Decision Summary
The appeal was dismissed because the petitioner failed to prove the foreign entity had sufficient financial ability to capitalize the new U.S. office and pay the beneficiary's salary. The evidence provided, such as a $25,000 bank deposit and pending loan applications, was considered insufficient to demonstrate the ability to support the proposed operations and executive position, especially given the noted economic instability in the foreign company's home country.
Criteria Discussed
Financial Ability Of Foreign Entity To Remunerate Beneficiary And Commence Business Ability Of New Office To Support A Managerial Or Executive Position Within One Year
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