MUMBAI: The essential utility charge for an H-1B visa utility will rise to $555 from present $460 – a hike of almost 21%. The bottom submitting charges for L-1 visas (used for intra firm transfers) will rise considerably by 75% to $805.
The brand new submitting charges come into impact from October. As visa utility charges are borne by the sponsoring employer, these hikes will make hiring and deputation of overseas workers costlier.
As per the most recent accessible statistics, of the three.88 lakh H-1B visas issued throughout the fiscal ended September 30, 2019, almost 2.78 lakh (or 72% of the overall) have been allotted to Indians. This determine consists of visa extensions. Whereas Indians represent the biggest holders of H-1B visas, US-headquartered corporations rent a major variety of H-1B employees. Latest country-wise information of L-1 visas will not be accessible.
At the moment, US Citizenship and Immigration Companies (USCIS), the immigration company of the US authorities is looking for a $1.2 billion emergency funding from the federal government. It has postponed lay off of almost 13,000 members of its workforce to August-end. Usually, the company is basically funded by submitting charges.
At current, corporations with greater than 50 workers, greater than 50% of whom are in H-1B or L-1 standing, should pay a further $4,000 charge for every new H-1B visa and $ 4,500 for every new L-1B visa. Now, charges can even be payable for visa renewals (extensions) and is anticipated to garner $200 million yearly.
Spouses of H-1B employees (ie: these holding an H-Four dependent visa) will now must shell out $550 to acquire a piece allow, an increase of 34%. Charges for making use of for citizenship have risen from 640 to $1,170, which is a major rise of almost 83%. Charges have additionally been hiked for varied providers comparable to biometrics.