The L1 multinational manager visa is applicable to managers or senior executives of foreign companies who are transferred to work for their subsidiaries, branches or affiliated companies in the United States. Applicants need to have held a manager or senior management position in the foreign company within the past year and have been transferred to a similar management position in a U.S. company. The L1 multinational manager visa provides a convenient way for companies to transfer personnel across borders, and promotes exchanges and cooperation between international business and enterprises.