Dismissed
L-1A
L-1A Dismissed — Garment Business: did not establish the financial viability of the new U.S
Decision Summary
The appeal was dismissed because the petitioner failed to establish the financial viability of the new U.S. office. Specifically, the petitioner did not demonstrate that the foreign entity had the financial ability to fund the U.S. operation, providing outdated financial records and a U.S. bank statement with only $8,272 against projected first-year expenses of $65,000. This failure meant the petitioner could not prove the new office would support a managerial or executive position within one year.
Criteria Discussed
New Office Requirements Ability To Support A Managerial/Executive Position Within One Year Sufficient Physical Premises Financial Ability Of Foreign Entity To Support The U.S. Operation
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