Commercial Visa

AAA

DEFINITION of 'Commercial Visa'

A government-issued document that allows noncitizens to enter a foreign country temporarily for business purposes. A country may issue commercial visas for different types of business visits. The United States, for example, issues B-1 visas to professional athletes, investors, business-event attendees, lecturers and speakers, researchers, salespeople, commercial and industrial service engineers, and training-program participants. Individuals wishing to visit a country on a commercial visa must meet certain requirements related to the purpose of their visit, the earning of income and their length of stay.

INVESTOPEDIA EXPLAINS 'Commercial Visa'

In addition to visa requirements, travelers should be aware of passport, immunization and other requirements to enter the country they intend to visit. In getting approved for a commercial visa, it may also be necessary or helpful to obtain a letter from the foreign company inviting the individual abroad. Individuals who earn income in a foreign country while traveling on a commercial visa should be aware that they may generate a tax liability to the government of the country they are visiting.

RELATED TERMS
  1. Exit Visa

    A government-issued document granting an individual permission ...
  2. Overnight Sleep Test

    A criterion that determines whether meals eaten alone while working ...
  3. Student Visa

    A special endorsement that is added to a passport that governments ...
  4. Convention Expenses

    Any travel expenses incurred while at a business convention. ...
  5. Tax Home

    The general locality of an individual's primary place of work. ...
  6. Available Seat Miles - ASM

    A measure of an airplane's carrying capacity available to generate ...
RELATED FAQS
  1. Why is a Free on Board (FOB) designation important for freight transportation?

    A free on board (FOB) designation specifies whether the buyer is responsible for freight charges and determines the obligations ... Read Full Answer >>
  2. How does the International Chamber of Commerce define the term 'Free on Board' (FOB)?

    The International Chamber of Commerce (ICC) is one of world's largest business organizations and has published a set of trade ... Read Full Answer >>
  3. What determines if an international trade is Ex Works (EXW) or Free on Board (FOB)?

    "Ex works" (EXW) and "free on board" (FOB) are international trade terms that dictate the responsibilities of buyers and ... Read Full Answer >>
  4. How are transportation costs and risks assigned in an Ex Works (EXW) trade?

    An ex works (EXW) trade agreement is part of the Incoterms rules and requires the sellers of goods to make the goods readily ... Read Full Answer >>
  5. How would a standby letter of credit be used during an export transaction?

    A standby letter of credit is typically used to provide a bank guarantee of payment for an exporter in the event that an ... Read Full Answer >>
  6. What is the difference between a bill of exchange and a promissory note?

    A bill of exchange is a written agreement between two parties – the buyer and the seller – used primarily in international ... Read Full Answer >>
Related Articles
  1. Insurance

    The Basics Of Travel Insurance

    Before going on your trip, find out what kind of insurance coverage you will need.
  2. Insurance

    Credit Card Perks You Never Knew You Had

    From car insurance to concert tickets, be sure to take advantage of whatever your card has to offer.
  3. Insurance

    Travel Tips For Keeping You And Your Money Safe

    Take precautions to avoid being taken advantage of on your vacation.
  4. Options & Futures

    Travel Smart By Planning How You'll Pay

    With a little pre-trip planning, you can avoid being stranded without adequate funds.
  5. Economics

    Explaining the Human Development Index

    The Human Development Index (HDI) is a metric developed by the United Nations to take the emphasis off economic growth and focus on human wellbeing.
  6. Economics

    Gaining Market Influence-- The Case of US Shale

    A convergence of sustained bank financing, falling production costs and rising oil prices might position the US shale industry for a greater market role.
  7. Economics

    Infrastructure Investment & Institutional Reforms

    There has been a lot of buzz in the market lately about the prospect for growth and stability in Latin America.
  8. Investing

    Market Crisis: Does Diversification Still Work?

    If you still aren’t sold on the benefits of international diversification, you may object that: Diversification didn’t work during the last market crisis.
  9. Stock Analysis

    Today's Top ETFs: Worth a Bet or Should You Pass?

    ETFs can be profitable and dangerous. Here's a list of today's most popular funds and what you should watch about them.
  10. Investing

    How To Play Potential Market Opportunities In 2Q?

    The first quarter played out as expected, but there were a few surprises, including a strengthening dollar and how far interest rates have fallen.

You May Also Like

Hot Definitions
  1. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  2. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  3. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  4. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  5. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  6. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
Trading Center