Indian IT industry is going to incur $400 mn burden as they will have to pay $4,000 more for each H-1B visa
Advertisement
For every H1-B visa application now, Indian IT companies will have to shell out additional $ 4,000 under the new regulations.
A federal US agency stated that companies applying L-1 visa applications would have to pay additional $4,500 than other US companies. This will be in effect till September 30, 2025.
While the H-1B visa is designed to allow US employers to recruit and employ foreign professionals, the L-1 visas are available to employees of an international company with offices in both the US and abroad.
Indian IT firms - which have to incur an additional burden of about $400 million annually - have called it "discriminatory", with Prime MinisterNarendra Modi himself raising this at the highest level.
US federal Citizenship and Immigration Services (USCIS) posted the details of the increased fee on its website today.
For H-1B petitioners, one "must pay the additional $4,000 fee" if the company employs 50 or more employees in the US and more than half of those are in H-1B, L-1A, or L-1B nonimmigrant status.
The figure increases to $4,500 for those applying for L-1 visas.
Advertisement
A federal US agency stated that companies applying L-1 visa applications would have to pay additional $4,500 than other US companies. This will be in effect till September 30, 2025.
While the H-1B visa is designed to allow US employers to recruit and employ foreign professionals, the L-1 visas are available to employees of an international company with offices in both the US and abroad.
Indian IT firms - which have to incur an additional burden of about $400 million annually - have called it "discriminatory", with Prime Minister
US federal Citizenship and Immigration Services (USCIS) posted the details of the increased fee on its website today.
Advertisement
The figure increases to $4,500 for those applying for L-1 visas.
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market