Q: Open the business bank account on an F1 visa
Can I open the business bank account for a c corporation if I am appointed as the treasurer who is only responsible for document signing, opening bank account and no operational activities. I will own nothing of the company and not take part in the day to day operations. I am on an F1 visa and currently not using my OPT .
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A:
Opening a business bank account as a treasurer on an F1 visa involves navigating certain immigration regulations. Generally, F1 visa holders are restricted from engaging in unauthorized employment, and this can extend to certain activities related to business entities. Even if you are not an owner or participating in day-to-day operations, being involved in setting up a bank account for a corporation may still be considered “work” by U.S. immigration authorities.
Your involvement in the corporation could be scrutinized by the USCIS, especially if it is seen as beyond incidental or purely ministerial. Even tasks like signing documents or opening a bank account could be interpreted as active engagement in the business, which might violate the terms of your F1 visa. Therefore, you should be cautious and consider how any action could be perceived.
It is important to seek guidance from an immigration attorney who understands both business law and immigration regulations. They can help you ensure that you remain compliant with your visa status while fulfilling any responsibilities you may have been given. Your compliance with immigration laws is crucial to maintain your current visa status and avoid potential issues in the future.
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