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I read that you can have L1 visa for new office in the US if you already have an existing corporation outside the US.

I believe you are correct. The downside of L1 from what i read is that you have to maintain an office outside of United States. This is a bit difficult for startups with just the co-founders. Correct me if i am wrong.

That's correct. During the life of the L-1, the company needs to maintain an office and active operations outside the US.

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