O-1 Visa for Startups and Founders

Why O-1 is Perfect for Founders
The O-1 visa is considered an ideal option for startup founders because of the flexible criteria and the path to permanent residency (Green Card). The O-1 visa provides a path for accomplished foreign nationals of extraordinary ability in the field of business to bring their talents to the United States. While Most venture-backed founders qualify for the O-1 visa. Our O-1 visa lawyers have extensive experience in building the strongest possible O-1 visa petition case for accomplished business professionals and entrepreneurs. The O-1 is initially granted to an individual for three years and is renewable indefinitely. There is also no annual cap on how many O-1s are granted every year, no salary requirements, and flexible requirements that align well with entrepreneurs.
Founders must meet at least three of the following eight criteria. Below is an example of how other founders have qualified for each criterion.
Awards: You raised venture capital
Critical Employment: You founded a venture-backed startup
Press: You get coverage in major media (Forbes, TechCrunch, etc.)
Judging: You’ve judged a startup competition
Memberships: You’ve gone through an accelerator program
High Remuneration: You have significant equity in a venture-backed company
Scholarly Articles: You’ve authored scholarly articles
Original Contributions: You invented something original (think something very original like developing the touchscreen).
O-1H-1B
Time to get approved
Petitions can be filed during a specific period beginning in April each year and even if the petition is approved, your visa will not be valid until October.
Duration of validity
Initial validity of 3 years, with the ability to extend it up to a maximum of 6 years.
Annual Cap
No Cap
85,000 H-1B annual limit
Obtaining the Green Card
The criteria between O-1 and EB-1A tend to overlap. The majority of O-1 holders are eligible to obtain this category.
The applicant needs to meet the criteria required by EB-1A or EB2 NIW or undergo the lengthy PERM process.
Conclusions
Key Takeaway
The O-1 visa has proven to be a better option for many entrepreneurs than the more popular H-1B visa and most startup founders qualify for this category without even knowing it. The O-1 is also an option for self-employed individuals. However, the application process is complex, and the path for startups is not always straightforward. The startup founder needs to meet certain criteria and establish a “employer-employee” relationship with other individuals at the company.
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