Wednesday, June 23, 2021
HomeBusinessBad news for Indian IT companies! US double H1B, L1 visa fee

Bad news for Indian IT companies! US double H1B, L1 visa fee

Bad news

In what could affect hundreds of Indian IT companies, the US Congress has doubled a special fee on the popular H-1B and L-1 visas raising it up to USD 4,500 to fund a 9/11 healthcare act and biometric tracking system that will.

Congressional leaders, while agreeing on the USD 1.1 trillion spending bill, yesterday decided to impose a special fee of USD 4,000 on certain categories of H-1B visas and USD 4,500 on L-1 visas.

According to the agreed bill, the new USD 4,000 fee would apply to companies having at least 50 employees with 50 per cent of their employees on H-1B or L-1 visa. Such companies would have to pay a new fee of USD 4,000 for H-1B visas and USD 4,500 for L-1 visas.

While the specific provisions of the spending bill has no mention of Indian IT companies, the language of the bill has been written in such a way that it would have a big impact on Indian IT companies.

Though the lawmakers behind the bill described it as a temporary provision, the new H-1B and L-1 visa fee increase is for a period of 10 years as against a previous provision of five years. The previous such provision from 2010 to 2015 of USD 2,000 for H-1B visas lapsed on September 30.

Most Popular

- Advertisment -