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New $100K H-1B visa fee to cost US tech billions, push innovation offshore
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Computerworld
The new H-1B visa fee to sponsor workers in the US will create an annual multi-billion-dollar annual burden for the tech industry and likely drive tech innovation shifts to India, Eastern Europe and Latin America as companies redirect investments, according to new research.
Earlier this month, President Donald J. Trump announced a presidential proclamation reform to the H-1B visa program: every new H-1B visa petition must include a one-time, $100,000 fee per sponsored worker.
The fee applies only to new petitions — not renewals or current visa holders.
The H-1B visa is a non-immigrant visa that allows US employers to hire foreign workers in specialty occupations (such as tech, engineering, finance).
Each year, the program brings in 85,000 high-skilled high-paid professionals to help power the US economy.