The United States of America has hiked the fees for numerous non-immigrant visas, including H-1B. It has now been revealed that the higher pricing would go into effect on April 1 of this year.
The US has hiked the cost of H-1B, L-1, and EB-5 non-immigrant visas, which Indians prefer, for the first time since 2016. Investment-linked green card applicants under the EB-5 visa will suffer most. Even hiring H-1B and L-1 visa holders will cost extra. All applications submitted after April 1, 2024, will be charged the additional fees. This growth has major effects, notably on family-based immigration petitions. The US has hiked the cost of several non-immigrant visas, including H-1B. It has now been revealed that the higher pricing would go into effect on April 1 of this year. According to the US notification, the H-1B visa fee has increased from $460 to $780. The registration fee has also risen from $10 to $215. This fee will go into effect next year. The cost of an L-1 visa has also been significantly modified. The current $460 pricing has been increased to $1,385. EB-5 visa fees have also increased. The price has nearly doubled, rising from $3,675 to $11,160. It is widely known that American firms use H-1B visas to hire overseas workers. These visas are offered to industry professionals. Every year, American technology companies hire hundreds of people from India and China on H-1B visas. L-1 visas are required for businesses with international branches to hire employees on internal transfers. This enables American firms to import workers from their overseas units to the United States. Investor visas, like the EB-5, are quite popular. EB-5 visas are granted to wealthy foreigners and their families who invest $5,000 or more to employ at least 10 people in the United States. The US government established this visa in 1990.