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Hi Peter, Thanks for taking two full hours to do this - I've learned a lot. I am a US/Canadian dual citizen, my cofounder is Canadian. We're currently running
by CAThrowAway 11y ago
Hi Peter,
Thanks for taking two full hours to do this - I've learned a lot.
I am a US/Canadian dual citizen, my cofounder is Canadian. We're currently running our business as a Canadian corporation, but would like to set up shop in San Francisco full time over the next year or two, preferably incorporating in Delaware.
My cofounder has a BSc and has done some impressive things in her career, but the O-1 looks difficult from the outside. We're in a position to raise ~1M of funding from US investors over the next 6m - would that make her eligible for an E-2? The L-1 looks like a reasonable fallback if we can get nothing else setup over the next year, but we've been told not reincorporating as a Delaware corp will make fundraising more difficult.
Is there an obvious standout option here? Are there any that I'm missing?
Thanks!
- proberts 11y agoWithout knowing more, it appears that the O-1 and the TN might be very good options.
- CAThrowAway 11y agoDoes the TN visa limit the holder from participating as an owner of the company where the holder is employed?
- coenhyde 11y agoI'm not a lawyer, but have gone through the E2 visa process. A few things: - The money brought into the US must(?) be your own personal money that you invest into the company, ie no debt or investments from other people into the corporation. - Your co-founder will have to own 51% or more of the company - The money invested should be roughly half spent before applying for the visa.