Peter, for an E2 visa, when demonstrating that an investment is "substantial", how does the accounting work for intangible or in-kind contributions to the business? Is it possible to include the value of time spent building the initial product (while outside the US)? Does it make a difference if the applicant had a foreign company to do the initial development and paid themselves a salary?
I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
201–210 of 414 posts
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#202Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#203Hi Peter, Thank you for taking the time to answer the questions. Mine is: how long should a Green Card holder stay with the company that sponsored the GC to avoid future problems with USCIS?
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#204Are there any drawbacks that you can think of with regards to having a green card instead of staying on H1B? The only thing I can think of is the fact that having the green card can potentially mean that there is potentially an exit tax to pay for high net worth individuals, assuming one wants to leave the US after more than eight years. Also, if someone is on H1B and ends the visa (eg. break in employment), do futur…
Yes, essentially the exit tax is the only downside I can think of. And no, a break in employment doesn't necessarily mean that the individual has to go through the lottery again.
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#205Please all H1Bs of Indian nationality. Do not waste your time, age, money and family life waiting for H1B based GreenCard. Its a lost cause. Move to Canada, Australia or somewhere else. Live a good life rather than being indentured servants for US corporations for a good chunk of your productive age. I moved to Canada some years back and I am really happy about my decision.
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#206Earlier quoted context omitted.
Exactly. I'm converting to the H1B to get the GC.
That's not correct. An E-3 can apply for a green card. This is a common misunderstanding. There's no need to switch to H-1B.
I guess it would be too late now, but what's the process of getting a work-sponsored green card while on the E3?
Thanks so much again.
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#207Hi Peter, thank you so much for this! I have questions about the O1 visa. 1. If a startup sponsors an O1 for a founder, will there be any issues with 1/ the O1 founder having the CEO title 2/ the O1 founder owning between 30-50% equity in the company? Is it effectively the same as if I was on a green card? 2. If the startup that sponsors the O1 substantially pivots to a new idea, what are the implications for visa st…
Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#208Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#209Re: I’m Peter Roberts, immigration attorney who does work for YC and startups. AMA
#210Because Peter is probably too modest to self-promote, let me do it for him: working with him is great, it was completely friction-free and we got our employee's visa situation handled very, very quickly. Highly recommend.