The United Kingdom is facing a significant cost-of-living crisis post-Brexit in 2016, exacerbated by the economic impact of COVID-19. This crisis disproportionately affects those with lower incomes, and the UK economy is currently in a challenging state.
Impact on US Immigration
A weaker UK economy has led to an influx of foreign investments into the more stable US economy. Many UK citizens are choosing to invest in the US via the E-2 Treaty Investor visa, which allows them to work in the US at their invested organisation. This trend contrasts with the lengthier and higher investment requirements of the EB-5 Investor Green Card.
Additionally, UK companies expanding trade relations with the US often find the need to establish a US office. This demand is driven by factors such as lack of confidence in the UK economy and unresolved trade barriers. Temporary transfers of UK employees to these US offices necessitate visas like L-1 Intra-Company Transfer, E-2 Treaty Investor, or E-1 Treaty Trader Visa.
UK Professionals Seeking Opportunities in the US
Notably, young professionals in the UK are increasingly seeking employment in the US, often through visas like H-1B Specialty Occupation or O-1 Extraordinary Ability visas. The allure of a stronger US economy attracts some of the brightest talents from the UK.
Projected US Recession
Economic experts predict a potential US recession in early 2024, although it is anticipated to be less severe than the situation in the UK. Currently, the US is experiencing "immaculate disinflation," wherein inflation is decreasing without compromising economic growth.
Our Services
Our firm specialises in US business immigration, offering a range of visas including E-2 Treaty Investment, E-1 Treaty Trader, L-1 Intra-Company Transfer, H-1B Specialty Occupation, O-1 Extraordinary Ability, and J-1 Internship visas. We also provide assistance with immigrant/Green Card options.
For more information about US visas or to discuss your specific needs, please visit our website: www.baimmigration.com Alternatively, you can contact us at:
Email: info@baimmigrationlaw.com
Phone: +44 (0)203 102 7966