Joint Chambers Of Commerce Meets With Imm Officials

Link to the story

One paragraph cought my eye:

Non B Visa Extension

Earlier, the Visa issuance and renewal were categorized in three groups according the size of share capital and /or corporate tax paid, the larger ones in group A, middle one in group B and smaller ones (share capital less than 10 Mio / corporate tax less than 3 Mio) in group C, with most smaller companies assigned to group C, where the visa extension was granted only max 30 days for the first 3 times, then 1x 9 months when applying for 1 year visa.

This A-B-C-Group Qualification as been canceled and only 2 groups exist now:

Group 1: all companies with share capital =2 Mio or higher, and equity above 1 Mio (and the other criteria’s fulfilled) => 1x 30 days for consideration, then 1x 11 months

Group 2: all companies with 2 Mio share capital but equity below 1 Mio: the immigration considers case by case, and if the company attaches to the application feasible reasons why the equity is below 1 Mio the visa can still be granted. The official at the immigration counter has no approval authority, he only has to collect and check the documentation, and if ok, accept it and forward to higher ranks for approval or rejection.

Q: Is this a new development, maybe easing the process of getting 1Y extensions on B, as these rules looks much less stringent as those published here recently? Group2 seems to imply that even when your Co does not fulfill the Equity rule not all is lost.

???

Sunny