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Starting a business with an E-2

 
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raja



Joined: 02 Feb 2009

PostPosted: Wed Feb 04, 2009 2:22 am    Post subject: Starting a business with an E-2 Reply with quote

My friends and I are looking to start an internet business. The problem is that we are all on E-2 visas.

Is it illegal to start an internet business with an E-2? The site will be hosted overseas but we will be providing a service to Korean clients.

If it is illegal, are there any ways around this? Have any of you done this before?

Thanks for your feedback.
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tzechuk



Joined: 20 Dec 2004

PostPosted: Wed Feb 04, 2009 2:28 am    Post subject: Reply with quote

Do you have 50 big Gs?

If you do you can switch to an investor visa.
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raja



Joined: 02 Feb 2009

PostPosted: Wed Feb 04, 2009 2:41 am    Post subject: Reply with quote

Negative on the 50 thou.

I suppose we could find a Korean and registar the business in their name. That is placing a whole lot of trust in someone though.
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tzechuk



Joined: 20 Dec 2004

PostPosted: Wed Feb 04, 2009 2:45 am    Post subject: Reply with quote

You COULD do it I think.

Set up the business overseas and register it back home with someone you trust. Have this guy hire you all as in-country liaisons. Switch your visa.

It might work.
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raja



Joined: 02 Feb 2009

PostPosted: Wed Feb 04, 2009 2:07 pm    Post subject: Reply with quote

Interesting, that may work. I will look into it.

Thanks to the guy who pmed me. I wrote back but the 25 posts rule stung me.
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Young FRANKenstein



Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)

PostPosted: Wed Feb 04, 2009 3:43 pm    Post subject: Reply with quote

There's a guy over on another site who claims to have started his own business on an E2 and $1000 in his pocket, but whenever asked to elaborate, he always seems to avoid spilling any confirmable details.
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