How do you transfer to a new job if the current job won't let you leave early and your visa expires the day after the contract ends? 

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You need to set the wheels in motion for getting your new visa from the new job now, before your visa expires. You don't have to leave your current job early, you just ask them for a letter of release because you don't plan to stay on with them. You then get all the paperwork you need to the new employer and they take care of getting your visa, which will either start the day after, or will overlap your old visa.

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