Re:Ask HN: How much recurring income do you generate and fro...
by derwiki on Wednesday November 19, 2014 @11:12AM
(#8630786)
To be clear, we're talking about running a country in your home country, not in America, while you are currently on an H1B in America. I'm sure you know more about this than I do -- could you provide me with a link? I'd love to learn more.
Re:Ask HN: How much recurring income do you generate and fro...
by gamblor956 on Wednesday November 19, 2014 @11:35AM
(#8630957)
It's perfectly fine to own a foreign business (i.e., not located in the US). But it's generally a violation of the H1B to run (i.e., operate/manage/supervise) that business from the US because the foreign business is then generally treated as having a US presence. See "permanent establishment" and the US tax treaty with whatever country you're from.
You could just ignore this, like I do, but if you're in America on an H1B visa, which I'm not, then you're probably best off following the rules, lest they expel you and never let you back in, without giving you time to organise getting all your stuff back first.