Re:Ask HN:Can I start a company on an H1B visa?
by sbansal on Sunday March 11, 2012 @07:06PM
(#3691548)
I am planning on starting a company with a partner who is a US citizen. I currently hold an H1B visa. Just wanted to know if people here have some pointers as to if this is even possible. I am going to be talking to an attorney but just wanted to get an idea before that. I have read about the startup visa act but it is still pending legislation.
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Re:Ask HN:Can I start a company on an H1B visa?
by taurussai on Sunday March 11, 2012 @08:59PM
(#3691883)
It is possible. Even if you own majority shares, you can still articulate your application in such a way that initially you are not on the board but maybe after a event (funding etc.) you can be on the board
Re:Ask HN:Can I start a company on an H1B visa?
by kareemm on Sunday March 11, 2012 @09:23PM
(#3691939)
It is definitely possible - I've been in your shoes and done it. Transferred an H1 from an existing employer to a startup run by my biz partner (who also had a majority share). We hadn't raised any $$ when the transfer happened, though we closed an angel round a month after the transfer happened.
Things may have changed since 07 (funding requirements, etc). IANAL, though - you definitely want a good immigration lawyer who's familiar with this stuff.
Try operating from Vancouver, BC. There's a reason so many of your kind end up here.
Re:Ask HN:Can I start a company on an H1B visa?
by mathrawka on Sunday March 11, 2012 @11:12PM
(#3692189)
"your kind" sure has a nuance in English that doesn't mean something good...
Re:Ask HN:Can I start a company on an H1B visa?
by jacoblyles on Sunday March 11, 2012 @09:32PM
(#3691958)
Totally possible. I've seen it done often. Even by double immigrant founders.