Can an F1 fully own the company in US? My cousin has a company in Africa and wants me to open a subsidiary. Is it legal for an F1 to open a subsidiary in US? Are they any requirements to do so?
In theory, the company can be opened, but the F-1 cannot work or do anything resembling work.
Former U.S. State Department Embassy Officer. Our Firm is devoted only to the practice of U.S. Immigration Law. The answers you read on Avvo are of a general nature, and should not be relied upon solely as a basis for legal decisions.
Yes, an F-1 may open a company in the U.S. I recommend you consult an entity formation attorney familiar with US immigration to discuss the US immigration possibilities that may be of interest to your cousin.
Mr. Smith is an attorney with over 25 years of immigration experience with complex immigration issues and successful filings. His response to your question is general in nature, as not all the facts are known to him. You should retain an attorney experienced in immigration law to review all the facts in your case in order to receive advice specific to your case. Mr. Smith's statement above does not create an attorney/client relationship.
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