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. Revenue Seat Miles

    The number of miles a plane flies multiplied by the number of ...
  5. Traveler's Check

    A medium of exchange that can be used in place of hard currency. ...
  6. Convention Expenses

    Any travel expenses incurred while at a business convention. ...
Related Articles
  1. The Basics Of Travel Insurance
    Insurance

    The Basics Of Travel Insurance

  2. Travel Tips For Keeping You And Your ...
    Insurance

    Travel Tips For Keeping You And Your ...

  3. Credit Card Perks You Never Knew You ...
    Insurance

    Credit Card Perks You Never Knew You ...

  4. Travel Smart By Planning How You'll ...
    Options & Futures

    Travel Smart By Planning How You'll ...

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center