In a call that may have a big affect on overseas employees, particularly Indians, US President Donald Trump unveiled the steep hike within the annual charge for the H-1B visa to $100,000. Signing the proclamation on the White Home on Friday, the President stated the transfer is to “incentivize the hiring of American employees.”
The federal government acknowledged the brand new coverage is meant to safeguard jobs throughout the nation whereas persevering with to make it doable for companies to have a method of bringing in “really distinctive people.” If put into place, the brand new charges can be an astronomical charge enhance from the previous H-1B visa charge of $215.
New ‘Trump Gold Card’ Visa Program Revealed
As a element of the brand new coverage, the administration applied a multi-tiered “Gold Card” visa program to interchange numerous employment-based visas that present a highway to citizenship for expert employees similar to professors, scientists, artists, and athletes.
This system consists of three tiers: the Trump Gold Card and Trump Platinum Card for people, and the Trump Company Gold Card for firms.
Tiered Pricing And Unique Advantages
Trump Gold Card: This card, geared toward people, will value an individual $1 million. For it, an applicant is required to fill a type and pay a non-refundable processing charge, adopted by an intensive background test performed by US Citizenship and Immigration Providers (USCIS). Profitable cardholders can be accorded the posh of using the cardboard in all 50 states and territories.
Trump Platinum Card: This premium visa for people prices $5 million. The appliance has not but been launched, however it will contain a processing charge and screening by the Division of Homeland Safety (DHS). The primary benefit to Platinum cardholders is having the privilege of staying within the US for as much as 270 days with out being taxed on earnings exterior of the US.
Trump Company Gold Card: This card, costing $2 million, is meant for companies. It entails a processing cost and DHS vetting, in addition to a minimal upkeep cost yearly. Transferability is the primary benefit of this card; a enterprise can switch the cardboard from one employee to a different topic to an admin charge and DHS vetting for the brand new worker.
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