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> Founders can self petition Wait, so I can just open LLC and get H1B visa for it? There have to be conditions and limitations, otherwise it will be misused.
by wooque 2y ago
> Founders can self petition
Wait, so I can just open LLC and get H1B visa for it?
There have to be conditions and limitations, otherwise it will be misused.
- tacker2000 2y agoYea thats what I also thought. Opening an LLC is pretty easy.
- oldpersonintx 2y ago[dead]
- ramarnat 2y agoYou'd still have to comply with the H1-B rules for the job you are petitioning for, like the duties you are performing, the salary requirements etc. And the legal costs of doing the petition. Now, misuse could come if you are independently wealthy and can self fund, but at the end of the day if you are doing that in the US, the economy still benefits.
- shin_lao 2y agoThere are better visas and even green cards if you're wealthy.
- paxys 2y agoExactly. You can literally buy a green card with a ~$500K “investment”. No need to jump through H-1B hoops.
- ramarnat 2y agoThat's more than what you would need if you were hiring for a prevailing wage position.
- diebeforei485 2y agoEB-5 is a onetime payment for a green card (permanent residence). Prevailing wage must be paid every year and you have 60 days to leave when you the company stops paying you.
- ramarnat 2y agoYes, but the prevailing wage threshold would be lower than the investor visa, as will the commitments. The investor visa you have to show a plan, hire people etc.
- cyberax 2y agoIf you're "wealthy", you can immigrate by officially starting a business with just an $80000 investment (E-2 visa). Or you can just buy a green card for a $800000 investment (EB-5).
- thiagocmoraes 2y agoE-2 is not available to all countries.
- cyberax 2y agoYou can first get an investor-based citizenship in one of the countries that have signed the tax treaty with the US. It'll cost you about $50-100k extra.
- ktta 2y agoOnly CBI countries on that list are Grenada (200k+) & Turkey (400k), and USCIS put out a rule specifically for that situation, with additional requirements. From: https://www.uscis.gov/working-in-the-united-states/temporary-workers/e-2-treaty-investors https://www.uscis.gov/working-in-the-united-states/temporary... > In addition, for those individuals who obtained treaty country nationality through a financial investment, USCIS may require additional documentation to show that the applicant has been domiciled in the treaty country indicated in the application for a continuous period of at least 3 years at any point before applying for E-1 or E-2 classification. Plus E-2 visa is a non-immigrant visa, so it doesn't give you any kind of special pathway to green card. Might as well apply for an EBx at the outset instead of fiddling with an E-2 visa.
- cyberax 2y agoYou're missing several. Montenegro and Macedonia are definitely available, and I think also Panama. > Might as well apply for an EBx at the outset instead of fiddling with an E-2 visa. EB-5 has pre-country quotas, and for some countries the wait can be quite long (for China it's around 10 years). It also is veeerrrryyyyyy slow, even with the initial form processing taking _years_.
- deleted 2y ago[deleted]
- admissionsguy 2y agoSo can I now go to SF, set up an LLC, and get the sweet SF dev rates?
- punksatoni 2y ago** Wait, so I can just open LLC and get H1B visa for it? There have to be conditions and limitations, otherwise it will be misused. No, you have to first post a job posting at a low salary, preferably with an in-office requirement in a HCOL city. If you get applicants, give them Leetcode Hard and no one will pass. Then, when no one applies or passes the interview, you claim there is a shortage. Viola!
- i_have_an_idea 2y agoI'm legitimately interested in this. I run a one-man consulting business from the EU. I sometimes hire freelancers. I work with US clients anyway. Does that mean I can open a US llc and move?