Q: Can a F1 student start his own online company based in his/her home country paying taxes in his home country?
I am an international student on a F1 visa. I want to start my online store and I based my company in my home country and I also have a professional bank account in my home country where I have the status of an young entrepreneur.
Am I concerned by the Foreign Account Tax Compliance Act (Facta)
A: We think it is ill-advised to start an online business, even if it is based in your home country. You came to the US to study. To do anything else could be considered visa fraud.
A: Your work most likely will substantially violate the F-1 visa, and you may be subject to the US taxation, inter alia. Good luck.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
