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.
wallpaper quot;The person Jake is on TV is a
cliffmacnab
12-03 05:02 PM
I am planing to sue FBI although my case has been just pending for one year. I would like to know if there are any successful cases in Philadelphia region. Thanks.
insbaby
11-03 05:27 PM
Only 582 people waiting. Why can't USCIS approve all of them over night? :rolleyes::rolleyes::rolleyes:
EB3 - 2006
EB3 - 2006
2011 Might Jake Pavelka reject them
kaisersose
11-02 03:19 PM
nope, if the alternative to the GC system is outsourcing (as you yourself mentioned) all the profits go to big corporations and our salaries are spent in India. The corporations are notorious for avoiding taxes so teh government gets nothing. By making us stay here longer (on H1 or GC) we end up spending our salaries here, paying taxes, paying social security, paying medicare.
65K H1-Bs earning 70k a year is 4.5 billion dollars. 140K new GC holders each year earning the same comes out to 10 billion dollars. Out of that taxes alone are an easy couple of billion or more dollars. Then take into account the side-effect (we buy cars, we buy appliances, we rent apartments) and the contributions we make to this economy are a lot.
And to say that we are stealing jobs is also inaccurate. There is nothing called stealing-a-job. In general every job is worth how much someone is willing to be paid to do it. If an American citizen wants 100K and the GC holder wants 90K and the H1-B visa guy wants 80K (and all of them are going to work in the same city and same office) the job is worth 80K. The H1-B visa holder is not stealing a job. The days of knowing HTML tags and commanding a salary of 100K a year (1999-2000) are long gone and now replaced by 'that kind of work gets done in India or Ukraine for 10k a year'. Looking at the resumes we got in response to job ads placed in the last 3 companies I worked for, there are simply not enough qualified americans interested. Thats a fact. So the IT sector needs help from abroad to get the job done. They can either send the work over, or bring the people here. Bringing the people here also benefits the rest of the economy.
I did not say outsourcing is the only alternative. I said they will have their own people take these jobs or if not, they will ship out these jobs. Do we really believe there aren't enough Americans to handle IT work in America?
H-1b is not cheap labor. American companies prefer to hire H-1bs with US master's degrees or with substantial amounts of US experience. When they do hire foreigners, they do not discriminate against them by paying them lesser.
H-1bs are abused by desi vendors and the like who take advantage of the indenturing nature of the visa and also on the naivety of "fresh off the boat" people who newly arrive into the US and are unfamilar with US economy. They are starry eyed, still busy converting each dollar into their local currency and feeling happy they are earning relatively more and dreaming about paying off their EMIs back home, sooner. It takes quite a few months for them to settle down and understand US dynamics.
Lastly, we should not confuse the need for H-1bs as equal to the need for GC holders. Take the example of middle eastern countries. They use foreign labor, but they never grant them permanent status. That way, they do not get stuck with them in the event of a downturn. American could have chosen to follow a similar model. Use H-1b temps when necessary and send them out when they are expendable. They have no reaons to hand out GCs, like I said earlier. The benefit is all ours.
65K H1-Bs earning 70k a year is 4.5 billion dollars. 140K new GC holders each year earning the same comes out to 10 billion dollars. Out of that taxes alone are an easy couple of billion or more dollars. Then take into account the side-effect (we buy cars, we buy appliances, we rent apartments) and the contributions we make to this economy are a lot.
And to say that we are stealing jobs is also inaccurate. There is nothing called stealing-a-job. In general every job is worth how much someone is willing to be paid to do it. If an American citizen wants 100K and the GC holder wants 90K and the H1-B visa guy wants 80K (and all of them are going to work in the same city and same office) the job is worth 80K. The H1-B visa holder is not stealing a job. The days of knowing HTML tags and commanding a salary of 100K a year (1999-2000) are long gone and now replaced by 'that kind of work gets done in India or Ukraine for 10k a year'. Looking at the resumes we got in response to job ads placed in the last 3 companies I worked for, there are simply not enough qualified americans interested. Thats a fact. So the IT sector needs help from abroad to get the job done. They can either send the work over, or bring the people here. Bringing the people here also benefits the rest of the economy.
I did not say outsourcing is the only alternative. I said they will have their own people take these jobs or if not, they will ship out these jobs. Do we really believe there aren't enough Americans to handle IT work in America?
H-1b is not cheap labor. American companies prefer to hire H-1bs with US master's degrees or with substantial amounts of US experience. When they do hire foreigners, they do not discriminate against them by paying them lesser.
H-1bs are abused by desi vendors and the like who take advantage of the indenturing nature of the visa and also on the naivety of "fresh off the boat" people who newly arrive into the US and are unfamilar with US economy. They are starry eyed, still busy converting each dollar into their local currency and feeling happy they are earning relatively more and dreaming about paying off their EMIs back home, sooner. It takes quite a few months for them to settle down and understand US dynamics.
Lastly, we should not confuse the need for H-1bs as equal to the need for GC holders. Take the example of middle eastern countries. They use foreign labor, but they never grant them permanent status. That way, they do not get stuck with them in the event of a downturn. American could have chosen to follow a similar model. Use H-1b temps when necessary and send them out when they are expendable. They have no reaons to hand out GCs, like I said earlier. The benefit is all ours.
more...
stuck_here
01-22 04:44 AM
I wouldn't bet on a month either. I think I'm the most unfortunate of people on the planet today :-(
My appointment was on the 12-Dec. Visa was approved immediatly but haven't received the passport yet. I receive the same response when I call.. that its under PIMS verification. No ETA of when I can expect it to be done..
I had a H1 transfer to a new employer and 3 year extension happen at the same time. I am not sure what the problem is and what I can do. I am totally stressed out and really depressed ..
If someone has done something thats helped their case move along.. please PM me or reply to this post.. Thanks !
My appointment was on the 12-Dec. Visa was approved immediatly but haven't received the passport yet. I receive the same response when I call.. that its under PIMS verification. No ETA of when I can expect it to be done..
I had a H1 transfer to a new employer and 3 year extension happen at the same time. I am not sure what the problem is and what I can do. I am totally stressed out and really depressed ..
If someone has done something thats helped their case move along.. please PM me or reply to this post.. Thanks !
rimzhim
02-07 07:22 PM
My understanding of SKILL for US MS is that it will not be counted against the cap. I don't see it saying that PD does not matter for US MS. What am I missing? Thanks.
if you are not counted against cap, that is equivalent to visa available = PD current.
if you are not counted against cap, that is equivalent to visa available = PD current.
more...
B3NKobe
06-08 10:13 AM
:lol: @ MetteBB!!
NEW ENDING DEADLINE: 20th JUNE 2005!!
NEW ENDING DEADLINE: 20th JUNE 2005!!
2010 Jake Pavelka and Vienna
immi_twinges
07-12 07:53 AM
Hey Sam.....
The word is out to Santa Clara University Int'nl Students. One concern.... Im getting responses from guys from other nationalities... do we need to worry ?
Its for all nationals . Its not just the fight of a few backlogged countries like China or India or Mexico
The word is out to Santa Clara University Int'nl Students. One concern.... Im getting responses from guys from other nationalities... do we need to worry ?
Its for all nationals . Its not just the fight of a few backlogged countries like China or India or Mexico
more...
yetanotherguyinline
07-13 01:31 PM
http://bayarea.sulekha.com/events/Professional/2007/07/skilled-legal-immigrants-to-march-in-a-protest-rally.htm
hair Jake Pavelka and Vienna
nraja
07-11 02:30 PM
Is anyone make PDF about this rally? So, that we can circulate this by mail.
more...
gc_lover
04-19 08:02 AM
logiclife, ragz4u,
All things considered, do you think it will be a good idea to call up the members to remind them that IV needs contribution?
If you think so, then we can form a group of, say, 10 people and each of them would call 200 members nudging them about contribution.
I will volunteer to be on the group.
You mean members who have not contributed anything so far, right?
All things considered, do you think it will be a good idea to call up the members to remind them that IV needs contribution?
If you think so, then we can form a group of, say, 10 people and each of them would call 200 members nudging them about contribution.
I will volunteer to be on the group.
You mean members who have not contributed anything so far, right?
hot JAKE PAVELKA amp; VIENNA GIRARDI
styrum
04-19 03:10 PM
Just sent my $100. Sorry, can't send more now - out of a paying gigs and very likely to embark on a new job search again soon...
more...
house Jake Pavelka and Chelsie
gk_2000
04-22 08:08 PM
Nope. You are misunderstanding the point again.
The Article clarifies that that Congress has the power to regulate immigration. they used the power and created the INS laws we have today, which as per Congress is the hallmark of US immigration. We have to change those laws specific to EB.
You are muddling immigration laws with civil rights. Your argument about the current law being in violation of ANY constitutional right is completely baseless. You did not respond to my question about how the civil rights clauses you quoted have anything to do with immigration.
They used the power. No problem. But how?
Let me quote an extreme example.
If they make a law saying, a foreign woman may be raped at port of entry in exchange for citizenship, will it stand?
NOW do you see the connection between immigration and civil rights?
The Article clarifies that that Congress has the power to regulate immigration. they used the power and created the INS laws we have today, which as per Congress is the hallmark of US immigration. We have to change those laws specific to EB.
You are muddling immigration laws with civil rights. Your argument about the current law being in violation of ANY constitutional right is completely baseless. You did not respond to my question about how the civil rights clauses you quoted have anything to do with immigration.
They used the power. No problem. But how?
Let me quote an extreme example.
If they make a law saying, a foreign woman may be raped at port of entry in exchange for citizenship, will it stand?
NOW do you see the connection between immigration and civil rights?
tattoo Jake Pavelka and Vienna Giradi
msyedy
02-27 10:18 PM
could it be that ppl will not be able to sneak in with pre-approved labor now? if there is a significant number doing that, the PDs will move faster. Congrats IV on this achievement!
Isme IV ka kya haath hai. USCIS wanted to do it so they did it. IV or me I should say is just going to push when time comes to remove retrogression,
that is what we can do now. Our reforms are linked to CIR so pray.
Isme IV ka kya haath hai. USCIS wanted to do it so they did it. IV or me I should say is just going to push when time comes to remove retrogression,
that is what we can do now. Our reforms are linked to CIR so pray.
more...
pictures Why, Vienna Girardi, of
cooldude
07-19 10:00 AM
As far as I know from friends who have had similar case in the past, yours is not at all an uncommon situation. My belief is that use of PO Box on physical address helps to get documents re-directed to their correct department. Absence of same means that the personnel in charge have to "think" where to re-direct and nothing more than that. Again this is based on what I know from reliable friends.
Thanks a lot for your reply
Thanks a lot for your reply
dresses Jake Pavelka and Vienna
krishnam70
07-18 02:44 PM
Recapturing lost numbers is not a permanent solution. Per country limit 7% is ridiculous. We need to make sure we are not discriminated against by the per country limit. Its not my fault that someone from Europe doesnt want to come here and not so many from Africa or south america qualify for the EB visas.
posts like this project your cheap thinking ! this forum is not just for one ethnic group or class it is here to help people from all nations and backgrounds for the common purpose of doing justice to legal immigrants.
posts like this project your cheap thinking ! this forum is not just for one ethnic group or class it is here to help people from all nations and backgrounds for the common purpose of doing justice to legal immigrants.
more...
makeup Is A Jake Pavelka amp; Vienna
insbaby
03-10 07:36 PM
Thanks for the excellent info on pending applications. Now we can guess why EB3I is crawling for past few years.
With regular quota of 3000 per year EB3I (until July 2007) will be cleared in next 20+ years.
Thank GOD.
I thought my GC will be granted after my death, I am happy and thank GOD, that it is going to be just in 20 Years and few years before my retirement
.
I can't believe and it is a great surprise to me !!!!
With regular quota of 3000 per year EB3I (until July 2007) will be cleared in next 20+ years.
Thank GOD.
I thought my GC will be granted after my death, I am happy and thank GOD, that it is going to be just in 20 Years and few years before my retirement
.
I can't believe and it is a great surprise to me !!!!
girlfriend Jake Pavelka and Vienna Giradi
cheg
07-18 10:23 PM
I think this will answer your question. :)
http://blogs.ilw.com/gregsiskind/2007/07/service-centers.html
My attorney sent the I-485 papers on 7/16 and it reached NSC on 7/17 at 9:36AM. USCIS announcement to accept the applicatons was done on 7/17 evening. Will mine be in the potential rejection pile? Any input will be appreciated.
http://blogs.ilw.com/gregsiskind/2007/07/service-centers.html
My attorney sent the I-485 papers on 7/16 and it reached NSC on 7/17 at 9:36AM. USCIS announcement to accept the applicatons was done on 7/17 evening. Will mine be in the potential rejection pile? Any input will be appreciated.
hairstyles Jake Pavelka (R) and Vienna
somegchuh
07-26 02:47 PM
I have the same frustrations:
1. Waiting for labor for almost 4 years.
2. Haven't made to 140.
3. Wife on H4, very frustrating for her.
4. Potential contracts/jobs missed.
5. Tired of waiting. Another year???
***VENTING DONE ****
I am tired but I would like to do something while I am waiting... that's why I am thinking of starting PMP. That way, if I eventually get GC or end up moving to some other country I will have some value addition.
In the US for 11 years now. - 7th year H1B
Thanks for starting this topic!!! This could be an emotional thread for a lot of us who are still waiting for this rediculously long process of GC!!!!
More frustrating when:
Waited for 3++ yrs for the labor cert (PD Sept 2002)
Just submitted I140 (6/2006) but have to endure the fear that my EB2 will be kicked to EB3, which means RETROGRESSION!
With H4, wife cannot work. Going to school is too expensive..i can't afford it with my small salary
Stucked with current company...being under appreciated and under utilized by the current employer...not a place for me to build my CAREER!!!
Have potential contract jobs/independent consultant positions available (recruiters contacted me) which pay 50% than what i am making now...but can't accept those offers bcos of GC!!!!
So so tempted to return home for good (sick and tired of the WAIT), but Everyone was saying "u had waited for years now, so why not wait for another year or so to get it..don't waste the golden opportunity" But...but...is it really going to be just another YEAR? :rolleyes:
Sigh...sorry for venting...but i am really upset!
Going back to Career options...
**yeah, i would like to get a PMP cert, but it is pretty EXPENSIVE. But maybe some of us who done that can advice me.
**About buying houses....really clueless about it...really scare i will get ripped off by people..any advice?
** Yes..i want to know more about E-Visa and making $$ via online business!
Thanks all....
Sky
1. Waiting for labor for almost 4 years.
2. Haven't made to 140.
3. Wife on H4, very frustrating for her.
4. Potential contracts/jobs missed.
5. Tired of waiting. Another year???
***VENTING DONE ****
I am tired but I would like to do something while I am waiting... that's why I am thinking of starting PMP. That way, if I eventually get GC or end up moving to some other country I will have some value addition.
In the US for 11 years now. - 7th year H1B
Thanks for starting this topic!!! This could be an emotional thread for a lot of us who are still waiting for this rediculously long process of GC!!!!
More frustrating when:
Waited for 3++ yrs for the labor cert (PD Sept 2002)
Just submitted I140 (6/2006) but have to endure the fear that my EB2 will be kicked to EB3, which means RETROGRESSION!
With H4, wife cannot work. Going to school is too expensive..i can't afford it with my small salary
Stucked with current company...being under appreciated and under utilized by the current employer...not a place for me to build my CAREER!!!
Have potential contract jobs/independent consultant positions available (recruiters contacted me) which pay 50% than what i am making now...but can't accept those offers bcos of GC!!!!
So so tempted to return home for good (sick and tired of the WAIT), but Everyone was saying "u had waited for years now, so why not wait for another year or so to get it..don't waste the golden opportunity" But...but...is it really going to be just another YEAR? :rolleyes:
Sigh...sorry for venting...but i am really upset!
Going back to Career options...
**yeah, i would like to get a PMP cert, but it is pretty EXPENSIVE. But maybe some of us who done that can advice me.
**About buying houses....really clueless about it...really scare i will get ripped off by people..any advice?
** Yes..i want to know more about E-Visa and making $$ via online business!
Thanks all....
Sky
cbadari99
08-14 05:18 PM
Completely agree with you.
pappu
07-01 09:38 PM
It is sad to say the thread started by one of the senior member on similar lines was closed abruptly for discussion.I know IV's main intension is to help on immigration front but it won't be too different to help other immigrant brothers trapped in situations like this.
Are there any reservations on voicing opinios about this?
gc_freedom
No thread was closed. I just started a new thread with a post from another thread.
Are there any reservations on voicing opinios about this?
gc_freedom
No thread was closed. I just started a new thread with a post from another thread.