Starting & managing a company in India while on F2


pjdixit

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Hi,


 


I was wondering if anyone could help me with this issue: 


 


First a little background: I am currently on H1B VISA in USA. I want to start a software company in India. I will be the founder and the CEO of the company. I won't be taking any salary from my company, only the profits. I am planning to hire 2 engineers in India to manage certain tasks. My wife is doing PhD and is on F1 VISA.


 


So my question is: In order to start my own company, I was thinking of giving up my H1B VISA and as I would like to stay with my wife, I was thinking of changing status to F2 VISA. Will it be illegal to manage my company remotely from US while I am on F2? I am willing to pay taxes as per the laws of both countries.


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