New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.

Answers

Australian Business trading in NYC

Asked by: Lauren  — 21 June, 2013

Hi,

I’m an Australian, working sponsored in NY on an E3 Visa, and I want to start a side business.

I have done some research and it seems difficult to start a business from scratch in the US (as a non-migrant) due to restrictions with my visa. Would it be easier to start/establish my business in Australia and then trade in NY – if so how would that work?

Any advise would be greatly appreciated!

Thank you.

Answered by: admin  — 21 June, 2013

Lauren,

I presume you are referring to your visa restrictions on work or business ownership in the U.S. (I am not closely familiar with E-3 visas since immigration is not my strong side, plus its a special type of visa to Australians, so pretty rare). The problem is, same restrictions would probably apply on you regardless of where your company is registered.

I think the best idea I have for you is to talk to an immigration attorney and to understand better what exact restrictions this type of visa puts on you. As far as I know, no visas restrict non-U.S. persons from owning shares or membership interest in U.S. companies.

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0