"On Friday, President Donald Trump signed an executive order requiring new H-1B visa applications to pay a $100,000 fee. The tax seeks to "curb abuses that displace US workers," the Trump administration said in a press release. In the days since, the administration proposed that H-1B visas be approved based on skill level and wages, instead of the current randomized lottery system. It's also floated the possibility that certain workers, such as doctors, may be exempt from the fee."
"The rapid policy shifts have put some startups in a tricky spot when it comes to hiring skilled talent, since H-1B visas help many tech companies employ foreign engineers and other technical hires. Some venture capitalists and founders are increasingly bullish on foreign tech hubs in places like Canada and the United Kingdom, while others hope the proposed pay-to-play model will help them attract even better talent."
An executive order requires new H-1B visa applicants to pay a $100,000 fee, framed by the administration as a measure to curb abuses that displace US workers. The administration has proposed approving H-1Bs based on skill level and wages rather than a randomized lottery and has considered exemptions for certain professions such as doctors. Rapid policy shifts complicate hiring for startups that use H-1Bs to employ foreign engineers and technical staff. Some investors and founders are shifting attention toward foreign tech hubs in Canada and the United Kingdom, while others hope a pay-to-play model will attract higher-skilled applicants. Department of Labor and USCIS approval counts may not equal current H-1B employees at startups.
Read at Business Insider
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