Work Visa Finance
Many people who work on temporary or nonimmigrant work visas face unique challenges when it comes to planning their finances. They must take into account a variety of factors, including the timeframe of their work visas, the restrictions placed on their visa types by their countries of origin, limited brokerage firms willing to serve them, and the fact that they may have to relocate in the future.
Work Visa Sponsorship
When it comes to obtaining a work visa, you have to have an employer who will be the official sponsor of your application. This is because a work visa is tied to a job, and you will be required to work at that company for the duration of your stay.
The US has a specific visa program called H-1B that allows companies to hire foreign workers in jobs that require highly-specialized skills. This is a highly competitive process, and the number of H-1B visas available is restricted each year.
To qualify for an H-1B, you must have a job offer from a company and prove that there are no qualified, willing, and available U.S. workers for that role. This is done through a labor certification, which is filed by your employer.
There are a variety of work visa options available in other countries as well. The UK offers several different visa options, and Canada has a number of immigration pathways, including the Express Entry pathway. To work on a Canadian work visa, you’ll need to have your employer submit a labour market impact assessment (LMIA) for the specific job you want to do. work visa finance