According to Reuters, U.S. Commerce Secretary Howard Lutnick said that the $100,000 charge would apply annually for each of the three years of the visa’s duration, and added that the details were “still being considered.” The H-1B visa is a U.S. work visa that allows companies to employ foreign professionals in specialised fields like technology, engineering, and medicine. Indians account for the largest share of H-1B visa holders, making up 71% of all beneficiaries in FY2024.
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Closed the labor arbitrage.
According to Reuters, U.S. Commerce Secretary Howard Lutnick said that the $100,000 charge would apply annually for each of the three years of the visa’s duration, and added that the details were “still being considered.” The H-1B visa is a U.S. work visa that allows companies to employ foreign professionals in specialised fields like technology, engineering, and medicine. Indians account for the largest share of H-1B visa holders, making up 71% of all beneficiaries in FY2024.