+1 on this question...I can't see why they wouldn't allow it though.
For instance, I live in Jamaica, but my startup is registered in Delaware (with a full blown US presence - bank account and all).
Would I 'qualify' given that I could be considered remote (i.e. use Skype and communicate via email)?
I can understand why you would want the Projects to be US-based (quite frankly, that's what I am looking for), but I don't see why the team would have to be US-based.
My company name is in my profile.
Let's see what happens.