Have you ever had the ambition to start your own business while pursuing your studies in the U.S.? Perhaps you’ve heard classmates say, “write my paper for me,” to someone who really know how to do this and thought, “But I can also do it for you for money…”. It seems like a great idea for a startup, if you catch my drift. The good news is that launching a startup as an international student is challenging but definitely achievable. Many successful entrepreneurs began their journeys in university, and with the right guidance on visa and immigration matters, you can too focus on what matters most—your business idea.
Beginning Your Startup Adventure
Launching a startup in the U.S. involves navigating the intricate world of work authorization. While you might not be able to “actively work” under an F-1 visa without the proper permissions, engaging in “passive work” is permissible. This includes conducting market research, discussing potential investments, and other preliminary business activities. It’s crucial to align these efforts with a co-founder who has the necessary work authorization to handle more active roles in the startup.
Exploring Work Options for Student Entrepreneurs During and After Studies
During Your Studies
As a student on an F-1 visa, you have specific opportunities to work through programs like Curricular Practical Training (CPT) and Optional Practical Training (OPT). CPT allows you to work in a role related to your major after completing a full academic year, offering full-time work during term and part-time during breaks. Remember, if your CPT exceeds one year, it might affect your eligibility for OPT, which allows for a year of employment post-graduation, directly related to your major.
Post-Graduation Opportunities
Once you graduate, exploring further work visa options becomes crucial as your OPT nears expiration. The O-1 visa, known for its flexibility and no wage requirement, stands out as an excellent choice for entrepreneurs. This visa can be extended indefinitely, giving you the freedom to continue growing your startup. Alternatively, the H-1B visa, requiring a bachelor’s degree related to your startup role, or the International Entrepreneur Parole (IEP), might be viable options depending on your situation.
Continuing Your Startup After University or OPT
For those who choose to focus solely on their entrepreneurial ventures immediately after studies or after OPT, the landscape shifts slightly. Without a bachelor’s degree, your visa options are more limited, but not insurmountable. The O-1 visa remains a strong choice due to its lack of degree and wage requirements. Early in your career, it’s beneficial to focus on building a strong case for this type of visa by engaging in activities like fundraising and participating in accelerators, which can significantly bolster your qualifications.