While on H1 B shall I start a company in India?

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asked Dec 30, 2013 in H-1B by Venu
I am planning to start a small WEB based matrimonial site in India and My friends are designated as fulltime directors and I will be a passive investor /  sleeping director for thr firm.

Is this legal in USA?

Does it effect my Green Card process?

If it is legal, what are the things I need to do?

How the Taxes & investiments tracked? I will pay all the taxes in India & I am also ready to pay taxes in USA on my global income.

 

Please share your thoughts.

 

Venu

1 Answer

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answered Feb 4, 2014 by Venkat
 
Best answer
Yes. It is legal to start a company in india
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