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Can F1 Students Start A Business

If you’re an F1 student in the United States, you may have ambitions of becoming a business owner. But can F1 students start a business? The answer is yes; but it’s a little bit complicated.

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Can F1 Students Start A Business

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  1. Can F1 Students Start a Business? Yes, and Here’s How

  2. Understanding the Limitations The USCIS forbids F1 students from "engaging" in business. However, you are not specifically prohibited from creating your own business. This is because "preliminary business planning" is not counted as business engagement. However, after you have established your business, you will not be allowed to work for it or collect a salary. Unfortunately, you cannot simply work for your own company without compensation. This is because you cannot be considered a volunteer if you’re performing work at a for-profit business.

  3. Seeking Additional Status 1) Curricular Practice Training (CPT) You can gain work authorization by applying for CPT. Under this status, you will be permitted to work for your own company. However, your company and the work you do must pertain to your area of study. 2) Optional Practical Training (OPT) As with CPT, OPT is a work authorization that allows you to operate your own business so long as that business relates to your area of study. It is important to note, however, that you will need to be granted an Employment Authorization Document (EAD) before you are eligible to apply for OPT.

  4. Changing Your Visa Status 1) H1B Visa Change of Status 2) Treaty Trader: E1 Change of Status Many people who engage in OPT decide to apply for H1B visa change of status so that they can remain in the U.S. after their OPT period has expired. If you start your business as an OPT student, OPT to H1B change of status could be a good option for you. You may also be able to apply for an F1 to E1 change of status after graduation. While the E1 visa is also a temporary visa, you are allowed to apply for unlimited renewals. This provides a distinct advantage over other option since you won’t have to worry about leaving the country in a matter of just a few years.

  5. Changing Your Visa Status (Continued) 3) Investor Visa: E2 Change of Status 4) F1 to Green Card Another option you could try an F1 student is to apply for an E2 visa. You may qualify for an F1 to E2 change of status if you are able to invest a substantial amount of money into a business venture. Typically, this involves a minimum of $500,000. The last option we will discuss is a bit more complicated than the others, but it will allow you to found and work for your own business without restrictions.

  6. Since these paths are indirect with a lot of gray areas, it can be extraordinarily beneficial to have legal guidance at your side. For a free consultation, contact the experienced team of business and immigration lawyers at Katz Law Office Ltd. today.

  7. Thanks! Contact us: Katz Law Office, Ltd. 4105 West 26th Street Chicago, IL 60623 (773) 321-6651/ (773) 321-6708 http://www.katzlawchicago.com

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