smisachu
01-21 04:25 PM
smisachu,
You seemed to be a Pro with so much of information.
I know this is a pretty old thread, but interested to find out if you give some tips on starting this business on a H1B and how i can withdraw profits from that?
Any help is appreciated.
Thanks
What exactly do you mean when you say starting this business? Do you want to open a trading account on your own and trade? Join a day trading firm? Or open a Fund? Each one will have different implications on H1. You can open your own investment account with a brokerage firm and trade your own money, no problem with H1 what so ever.
If you join a day trading firm you will have to be on H1 with them. Very few ones do but I know of a couple who will do it. In fact a classmate of mine is working as a Trader/Analyst with a small trading firm in NYC. They have sponsored his H1.
Starting a fund, (if you can get the seed money :D), you open a LLC and sponsor yourself. You will be an employee of the company and draw a salary. You tell me what you have in mind and I will tell you what to do or what I did.
You seemed to be a Pro with so much of information.
I know this is a pretty old thread, but interested to find out if you give some tips on starting this business on a H1B and how i can withdraw profits from that?
Any help is appreciated.
Thanks
What exactly do you mean when you say starting this business? Do you want to open a trading account on your own and trade? Join a day trading firm? Or open a Fund? Each one will have different implications on H1. You can open your own investment account with a brokerage firm and trade your own money, no problem with H1 what so ever.
If you join a day trading firm you will have to be on H1 with them. Very few ones do but I know of a couple who will do it. In fact a classmate of mine is working as a Trader/Analyst with a small trading firm in NYC. They have sponsored his H1.
Starting a fund, (if you can get the seed money :D), you open a LLC and sponsor yourself. You will be an employee of the company and draw a salary. You tell me what you have in mind and I will tell you what to do or what I did.
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nixstor
06-11 04:24 PM
what if Obama does not win :) ..if something has to pass it will pass during this term. things and priorities change after a person gets elected. this is politics 101. I appreciate your optimism and if there is no spill over then EB3-I faces the worst case scenario. as usual the truth is somewhere in between. i.e. be ready for a long road ..if you get before that ..then good.
as others mentioned ..the only other thing you can do is support IV.
---
I follow politics too and politics is very complex for mortals like us. there are many obstacles for Obama ..his tax policies, some of the controversies and mr Rezko ..why do you think Clinton only suspended her campaign but did not close it completely ?
Guys,
It doesn't matter what the president wants to do as far as CIR is concerned. As far as CIR is concerned, George W begged it to be passed in both houses well before he became a lame duck. I don't see how the lawmakers on far right can come and align with the far left or even the lawmakers who are in the center. For the CIR to pass through without issues, Dems should control both houses with a big majority. Also, if you are thinking that Obama is going to win this, you are very well underestimating Mac. watch out for the GOP machine in the last 2 months and it will be a different ball game. Clinton lost because her campaign was over confident and by the time they realized they had a string of 10 bad states whose background does not suit her. Mac's campaign can't be over confident after they saw what happened. GOP is going to do its best to further divide the badly bruised Democratic party. Its few states that will decide this election and its difficult to carry states winning only the metropolitan areas. Obama won 5 counties of 90 some counties in OH. If his performance in general election is going to be the same, forget OH. Same situation in WV.
For now, I feel Obama is a great visionary and ideologue. No one knows whether he will achieve most of the things he is promising to do if he becomes the president. But he has been very logical and rational esp with the gas tax holiday. All said, he looks like a destiny's child. Imagine where he would have been if the Rev wright wreck came before the Iowa caucuses.
There are so many ifs and buts. our interests are best served with out the big vehicle CIR. If thats the only vehicle, we possibly are going to be held hostage.
as others mentioned ..the only other thing you can do is support IV.
---
I follow politics too and politics is very complex for mortals like us. there are many obstacles for Obama ..his tax policies, some of the controversies and mr Rezko ..why do you think Clinton only suspended her campaign but did not close it completely ?
Guys,
It doesn't matter what the president wants to do as far as CIR is concerned. As far as CIR is concerned, George W begged it to be passed in both houses well before he became a lame duck. I don't see how the lawmakers on far right can come and align with the far left or even the lawmakers who are in the center. For the CIR to pass through without issues, Dems should control both houses with a big majority. Also, if you are thinking that Obama is going to win this, you are very well underestimating Mac. watch out for the GOP machine in the last 2 months and it will be a different ball game. Clinton lost because her campaign was over confident and by the time they realized they had a string of 10 bad states whose background does not suit her. Mac's campaign can't be over confident after they saw what happened. GOP is going to do its best to further divide the badly bruised Democratic party. Its few states that will decide this election and its difficult to carry states winning only the metropolitan areas. Obama won 5 counties of 90 some counties in OH. If his performance in general election is going to be the same, forget OH. Same situation in WV.
For now, I feel Obama is a great visionary and ideologue. No one knows whether he will achieve most of the things he is promising to do if he becomes the president. But he has been very logical and rational esp with the gas tax holiday. All said, he looks like a destiny's child. Imagine where he would have been if the Rev wright wreck came before the Iowa caucuses.
There are so many ifs and buts. our interests are best served with out the big vehicle CIR. If thats the only vehicle, we possibly are going to be held hostage.
techskill
01-31 11:33 AM
One can VOTE again By Deleting Cookies, Use Tools - Internet options - delete Browsing History - Delete All and Vote again.
I was thinking the same thing. If possible just try to get as many votes as possible.
I just voted now. Will be voting again and again and again so on...after sometime if possible.
I was thinking the same thing. If possible just try to get as many votes as possible.
I just voted now. Will be voting again and again and again so on...after sometime if possible.
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gk_2000
04-19 11:21 AM
This is what my attorney told me:
4 Year Bachelors in India + 5 years of Exp (excluding sponsoring emp)
3 Year Bachelors in India + 2 Yrs(Msc) /3 Years(MCA) + 5 years of Exp (excluding sponsoring emp)
4 Year Bachelors in India + US Masters + 2 years of Exp (excluding sponsoring emp)
All these qualify for EB2. Just make sure you Job Description requires eb2.
Also, consult with a leading attorney and show you employer, that this is doable.
Wounds, here comes ................ salt!
There is no requirement in INA regarding the number of years in degree.
ImmInfo Newsletter: The Culture of No: More on the USCIS challenge of educational credentials (http://www.imminfo.com/News/Newsletter/2011-4-15/USCIS-challenge-credentials.html)
They are likely to lose, if litigated against.. just saying
4 Year Bachelors in India + 5 years of Exp (excluding sponsoring emp)
3 Year Bachelors in India + 2 Yrs(Msc) /3 Years(MCA) + 5 years of Exp (excluding sponsoring emp)
4 Year Bachelors in India + US Masters + 2 years of Exp (excluding sponsoring emp)
All these qualify for EB2. Just make sure you Job Description requires eb2.
Also, consult with a leading attorney and show you employer, that this is doable.
Wounds, here comes ................ salt!
There is no requirement in INA regarding the number of years in degree.
ImmInfo Newsletter: The Culture of No: More on the USCIS challenge of educational credentials (http://www.imminfo.com/News/Newsletter/2011-4-15/USCIS-challenge-credentials.html)
They are likely to lose, if litigated against.. just saying
more...
vamsi_poondla
11-06 03:37 PM
The intent of the H1B program is not to bring people in the country in "Anticipatory mode" as you put it. The intent of the H1B program had always been for US employers to hire foreign skilled workers "On-Demand" when no american is willing, qualified or able to do the said job. Prior to 1999, the visa cap was 65000/yr WITHOUT the extra master's degree cap we have now, and still visas were never totally used up for any year, certainly not on the first day. It is only after the advent of the IT consulting companies hoarding visas in "anticipation" of future jobs that the problems started. Without any restrictions on this kind of abuse, no amount of H1 visa increase would be sufficient. They are talking of raising visas to 130,000 right? Based on the FY 2008 applications, those visas would be used up in TWO DAYS!
IMHO, the intent of the H1B program is equally important than just loopholes (or not) in the letter of the law.
I agree. But intent of law usually gets distracted once reality set's in. Not sure how we comparing 1999 to 2007 is right. Because many things changed.
India which was doing low profile maintenance and support work became a global leader in outsourcing.
You can also count #of folks coming to US on F1. Significant % of them become H1Bs.
Again, I am not here supporting more numbers or less number in H1B. Because this forum and our organization is nothing related to H1B. We are for Employment based Green Card reforms. I rest my case....Thanks for interesting (and correct) opinions.
IMHO, the intent of the H1B program is equally important than just loopholes (or not) in the letter of the law.
I agree. But intent of law usually gets distracted once reality set's in. Not sure how we comparing 1999 to 2007 is right. Because many things changed.
India which was doing low profile maintenance and support work became a global leader in outsourcing.
You can also count #of folks coming to US on F1. Significant % of them become H1Bs.
Again, I am not here supporting more numbers or less number in H1B. Because this forum and our organization is nothing related to H1B. We are for Employment based Green Card reforms. I rest my case....Thanks for interesting (and correct) opinions.
nojoke
10-07 06:26 PM
Almost all Hyderabad house hold has one or more members live in US, who save atleast 15l/year and invest a lot in homeloand which would translate into sustainable stability in AP,India.
Unless US govt. declares bankruptcy, AP real estate would not burst so it would be safe to invest in AP.....
If an aparment costs 70 lakhs and that is renting for 15 thousand, how does it make sense to invest in it? The return on 70 lakhs at 12%(or 10%) is 7 lakhs/year. That is approx. 60 thousand per month. If you buy an apartment and rent it, it gives you 15 thousand. Don't you see the problem? The return on investment is low, very low. The fact that it is renting only for 15 thousand tells us that it is not affordable for most of the average guys in the city. The theory that there are more demand to snap up 70 lakh, 1 crore apartments is simply not true.
Unless US govt. declares bankruptcy, AP real estate would not burst so it would be safe to invest in AP.....
If an aparment costs 70 lakhs and that is renting for 15 thousand, how does it make sense to invest in it? The return on 70 lakhs at 12%(or 10%) is 7 lakhs/year. That is approx. 60 thousand per month. If you buy an apartment and rent it, it gives you 15 thousand. Don't you see the problem? The return on investment is low, very low. The fact that it is renting only for 15 thousand tells us that it is not affordable for most of the average guys in the city. The theory that there are more demand to snap up 70 lakh, 1 crore apartments is simply not true.
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chicago60607
09-17 01:33 PM
If today its approved in the house..we are done..it goes the Prez for signing and we all add another card to our wallets:o
Ohh boy, what a dream. Anyway, it needs to get voted at House. A senate version needs to pass. Both the versions have to be merged and then only president signs, long way to go.
Ohh boy, what a dream. Anyway, it needs to get voted at House. A senate version needs to pass. Both the versions have to be merged and then only president signs, long way to go.
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Vsach
03-13 08:18 PM
I am still on H1 (not utilized EAD), the visa on my passport expired last year. Planning to visit India next week, should I be getting a visa stamped or use AP?
APPRECIATE INPUTS. Any USCIS link will also help.
Regards
AFAIK, logiclife and pappu are just temporarily off IV due to some other priorities and will get back on board with a big bang soon. How do I know? I spoke to pappu recently.
Other core members, I am not sure, but will let a core member answer :)
APPRECIATE INPUTS. Any USCIS link will also help.
Regards
AFAIK, logiclife and pappu are just temporarily off IV due to some other priorities and will get back on board with a big bang soon. How do I know? I spoke to pappu recently.
Other core members, I am not sure, but will let a core member answer :)
more...
sam2006
07-19 04:25 PM
Just Contributed 100$
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Confirmation Number: 6XC73709YH365123U
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gc_on_demand
06-10 10:39 AM
Call.. nothing to loose to call..
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chetanjumani
03-14 09:08 AM
We have seen that even after the PD being current, there have been many people whose cases have not been approved. We saw last year in July many cases with later priority date and later receipt dates were approved and people with earlier PD and earlier Receipt dates still waiting,
Now with the 180 day rule for FBI name check, things could be expected to be little better, but we have to remember that since most of the cases are paper based, some one has to physically get to cases from a huge storage, sort it manually, distribute it manually and get it adjudicated.
So even if the visa number is current, just beacuse the number of applications are so high that we still cannot say for sure whose cases are going to be approved.
From www.immigration-information.com, it appears, the biggest factor in getting the GC visa number allocated to a case is, having a case ready to be adjudicated and in the hands of an immigration officer at a time, when both processing date and priority dates are current. It appears that even after the huge retrogression, there were not enough demand for AOS based approvals, so they had to PD current to allow CP based cases to use the visas and ensure they are not wasted. I like the fact that visa were at least not wasted, but I would have loved to see applicants who have been waiting for years to have a first opportunity to that visa, specially because they have done everything that any one could do.
I have been pro-fee increase by USCIS, only provided that they will use this money to expedite the processing, make things eletronic, make things more transparent, and to be honest, I feel the overall improvements are happening. Though I still see a lot of scope for futher improvements.
We have clearly seen that labor processing has been improved dramatically with PERM. Now waiting for years to get Labor is almost history. I hope that IV and all its members direct its efforts towards ensuring that we see the improvements in efficiency that we expected to happen with fee increases.
Lets unite together to work for a system which is fair and efficient for everyone. Lets contribute to IV administrative fixes and any other efforts which will ensure a higher efficiency and better utilization of visa numbers for AOS applications.
Now with the 180 day rule for FBI name check, things could be expected to be little better, but we have to remember that since most of the cases are paper based, some one has to physically get to cases from a huge storage, sort it manually, distribute it manually and get it adjudicated.
So even if the visa number is current, just beacuse the number of applications are so high that we still cannot say for sure whose cases are going to be approved.
From www.immigration-information.com, it appears, the biggest factor in getting the GC visa number allocated to a case is, having a case ready to be adjudicated and in the hands of an immigration officer at a time, when both processing date and priority dates are current. It appears that even after the huge retrogression, there were not enough demand for AOS based approvals, so they had to PD current to allow CP based cases to use the visas and ensure they are not wasted. I like the fact that visa were at least not wasted, but I would have loved to see applicants who have been waiting for years to have a first opportunity to that visa, specially because they have done everything that any one could do.
I have been pro-fee increase by USCIS, only provided that they will use this money to expedite the processing, make things eletronic, make things more transparent, and to be honest, I feel the overall improvements are happening. Though I still see a lot of scope for futher improvements.
We have clearly seen that labor processing has been improved dramatically with PERM. Now waiting for years to get Labor is almost history. I hope that IV and all its members direct its efforts towards ensuring that we see the improvements in efficiency that we expected to happen with fee increases.
Lets unite together to work for a system which is fair and efficient for everyone. Lets contribute to IV administrative fixes and any other efforts which will ensure a higher efficiency and better utilization of visa numbers for AOS applications.
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gc_chahiye
10-24 04:32 PM
I just looked at my old cases(H1Bs-I-129) and i see LUDs on them too!!! This is so weird.
These are from my last company!
LUD on 05/06/2006 - Approved on October 11, 2003
LUD on 10/21/2007 - Approved on March 19, 2002
I see LUDs but no difference in the status. They both say approval notice sent.
whats your PD and 485-RD? Maybe your case is close to approval and they are just looking up older H1s
These are from my last company!
LUD on 05/06/2006 - Approved on October 11, 2003
LUD on 10/21/2007 - Approved on March 19, 2002
I see LUDs but no difference in the status. They both say approval notice sent.
whats your PD and 485-RD? Maybe your case is close to approval and they are just looking up older H1s
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coopheal
08-13 10:48 AM
Guys,
Now we have poll results. What does these number mean to us? Any action item?
All this poll proves is that new EB3 folks are more vocal. If we really need an action item then start supporting IV with money. Take part in IV action items to call reps.
Face it other option of crying its not fare will not help us.
Now we have poll results. What does these number mean to us? Any action item?
All this poll proves is that new EB3 folks are more vocal. If we really need an action item then start supporting IV with money. Take part in IV action items to call reps.
Face it other option of crying its not fare will not help us.
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acruix
07-16 12:38 PM
Signed
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coopheal
03-14 01:03 PM
You probably can't ask to stop portability from EB3 to EB2 or EB2 to EB1. But you can ask for if filers from EB3 goes to EB2, they can't keep the PD from EB3 but get a new PD for the date USCIS process their EB2 application.
That will make people really think if that is worthy to do so. Otherwise every EB-3 filer will want to file again for EB-2 if they can.
You can ask all you want about not allowing porting from EB3 to EB2 or not letting keep the priority date in doing so. IV is not going to endorse it. Reality is job done by EB2 or EB3 especially in IT is very much alike.
Moving from EB3 to EB2 is for worthy cause of getting GC faster in legitimate and ethical way.
That will make people really think if that is worthy to do so. Otherwise every EB-3 filer will want to file again for EB-2 if they can.
You can ask all you want about not allowing porting from EB3 to EB2 or not letting keep the priority date in doing so. IV is not going to endorse it. Reality is job done by EB2 or EB3 especially in IT is very much alike.
Moving from EB3 to EB2 is for worthy cause of getting GC faster in legitimate and ethical way.
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casinoroyale
06-25 08:23 PM
It seems like different people have different experiences with different kinds of insurances. So it is almost clear that these insurance can act good or bad case by case basis depending upon their policies.
Hi All,
I want to share my exp. regarding visitor insurance for my parents.
we took ICICILombard in india itself. My father has to see the doctor for
a small procedure done on this toe. He developed because of injury as he is diabetic.
And after reading so many negative reviews i was afraid whether i will get my 1200$ claim accepted or not. As i thought diabetes is a pre-existing condition.
And we also mentioned it in the insurance policy when we took.
But surprisingly we got the claim approved by ICICI Lombard last week and we got all the money (minus 100$ deductible).
So it's better to have some kind of insurance (to be on safe side) if you think the patriot and KV Rao are expensive.
Good luck.
Kris
Hi All,
I want to share my exp. regarding visitor insurance for my parents.
we took ICICILombard in india itself. My father has to see the doctor for
a small procedure done on this toe. He developed because of injury as he is diabetic.
And after reading so many negative reviews i was afraid whether i will get my 1200$ claim accepted or not. As i thought diabetes is a pre-existing condition.
And we also mentioned it in the insurance policy when we took.
But surprisingly we got the claim approved by ICICI Lombard last week and we got all the money (minus 100$ deductible).
So it's better to have some kind of insurance (to be on safe side) if you think the patriot and KV Rao are expensive.
Good luck.
Kris
more...
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jkays94
05-25 02:35 PM
So please ask for your rights but remember you are in their country, nobody forced you to come here, and beggars can't be choosers.
Not everyone is an economic refugee and it should never be assumed to be the case or status quo. We pay taxes just like everyone else while some invest here and have a right to be represented by whomever makes decisions in congress besides we do pay taxes that goes towards their salaries and maintaining congressional offices. What would the US be like if the founders of immigrant founded or co-founded companies had decided to found their companies in other countries ? What if Google, Ebay, Intel were Russian, French or Hungarian companies instead ? Your point is not lost though, immigration is a priviledge not a right. If they deny us this priviledge we shall reluctantly leave but it should not assumed that we shall be the one's to suffer instead this economy will feel that impact. This is a global economy with many opportunities out there.
I wonder if the bashers of the H1-B program knew that :
More than 82,000 U.S. workers and professionals have completed training through programs funded by the H-1B fees as of December 31, 2005, according to the Department of Labor Employment and Training Administration. In addition, the Bush Administration recently has used the H-1B fees to provide multi-year grants to communities for training and economic revitalization. Through the WIRED (Workforce Innovation in Regional Economic Development) initiative, the U.S. Department of Labor is providing $195 million in grants to thirteen regional economies.
or that :
The H-1B fees paid by companies have funded more than 40,000 scholarships for U.S. students in math and science through the National Science Foundation. The fees obtained from employers have also funded hands-on science programs for 80,000 middle and high school students and 3,700 teachers. In addition, more than 55,000 U.S. workers and professionals have received training through the H-1B fees paid by companies.
Not everyone is an economic refugee and it should never be assumed to be the case or status quo. We pay taxes just like everyone else while some invest here and have a right to be represented by whomever makes decisions in congress besides we do pay taxes that goes towards their salaries and maintaining congressional offices. What would the US be like if the founders of immigrant founded or co-founded companies had decided to found their companies in other countries ? What if Google, Ebay, Intel were Russian, French or Hungarian companies instead ? Your point is not lost though, immigration is a priviledge not a right. If they deny us this priviledge we shall reluctantly leave but it should not assumed that we shall be the one's to suffer instead this economy will feel that impact. This is a global economy with many opportunities out there.
I wonder if the bashers of the H1-B program knew that :
More than 82,000 U.S. workers and professionals have completed training through programs funded by the H-1B fees as of December 31, 2005, according to the Department of Labor Employment and Training Administration. In addition, the Bush Administration recently has used the H-1B fees to provide multi-year grants to communities for training and economic revitalization. Through the WIRED (Workforce Innovation in Regional Economic Development) initiative, the U.S. Department of Labor is providing $195 million in grants to thirteen regional economies.
or that :
The H-1B fees paid by companies have funded more than 40,000 scholarships for U.S. students in math and science through the National Science Foundation. The fees obtained from employers have also funded hands-on science programs for 80,000 middle and high school students and 3,700 teachers. In addition, more than 55,000 U.S. workers and professionals have received training through the H-1B fees paid by companies.
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maine_gc
07-14 08:47 AM
Good luck people. Have fun and make it a huge success.
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manderson
11-07 07:50 PM
What is a H-1B blackout?
Sorry by "blackout" I meant how H1B visas were used up in the first day this year causing hysteria and utter confusion in the community, leading to a lotter system in the end and 2/3 of applicants without the covetted visa.
Not surprising: !
lol
Sorry by "blackout" I meant how H1B visas were used up in the first day this year causing hysteria and utter confusion in the community, leading to a lotter system in the end and 2/3 of applicants without the covetted visa.
Not surprising: !
lol
Macaca
02-07 08:59 PM
The SKIL bill included US Master's and Ph.D's.
Any special benefits for US Ph D? Do you agree with previous assesment by rimzhim? Have you read SKILL? Thanks.
Any special benefits for US Ph D? Do you agree with previous assesment by rimzhim? Have you read SKILL? Thanks.
little_willy
08-12 07:53 PM
I think some of our members put the votes in wrong place.
For Eg : for "Before Nov 01 2002" right now the number of votes are 24 click on 24 you will see which user voted for "Before Nov 01 2002 now check for couple of users for their Labour Approval Date some have labour approval dates of 2006 and 2007
That is labor Approval Date and not their Priority Date
For Eg : for "Before Nov 01 2002" right now the number of votes are 24 click on 24 you will see which user voted for "Before Nov 01 2002 now check for couple of users for their Labour Approval Date some have labour approval dates of 2006 and 2007
That is labor Approval Date and not their Priority Date
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