Navigating the Upcoming Visa Filing Fees Increase in 2024
What Changes Are Coming to Employment-Based Visa Fees in 2024?
Starting April 1, 2024, employers looking to sponsor visas for foreign-born workers will face higher costs due to a significant increase in filing fees. This update, as announced by the US Citizenship and Immigration Services (USCIS), marks the first increase in fees since 2016. The H-1B Visa Increase and other fee hikes are a crucial development for companies that rely on talent from abroad, specifically in specialized fields and temporary company projects.
Which Visas Will Be Affected by the Fee Increase?
The USCIS has outlined a comprehensive list of visas that will see an adjustment in filing fees. Notably, H-1B visa filing fees will undergo a 70% rise, escalating from $460 to $780. L-1 visas, essential for employees transferring temporarily for special projects, will see an even steeper increase of 201%, jumping from $460 to $1,385. Other visas, including E, TN, H-3, P, Q, and R categories, are set for a 121% rise. The visa filing fees for these will go from $460 to $1,015. Employers should prepare for these adjustments and plan their sponsorship and hiring strategies accordingly.
Understanding the Asylum Program Fee
A notable introduction is the $600 “Asylum Program Fee” for employers filing forms I-129 or I-140 to sponsor foreign workers. This fee is designated to offset the costs associated with asylum processing. However, there’s some relief for smaller entities; employers with 25 or fewer employees and nonprofit organizations may face reduced increases or no fee at all. Specifically, small employers are eligible for a reduced asylum program fee of $300, and nonprofits are exempt from this fee.
How Will These Changes Impact US Employers and Foreign Workers?
The significance of these fee increases cannot be understated, especially for industries heavily reliant on specific types of visas to source global talent. The technology sector, including giants like Infosys, Google, and Meta, could feel the impact more acutely, given their reliance on H-1B visas for skilled workers. This financial adjustment calls for businesses to reassess their hiring budgets and strategies, potentially before the enforcement date to capitalize on the current fee structure. Legal experts from Seyfarth emphasize the importance of this planning, suggesting organizations might want to submit cases “before April 1 to benefit from the current fee structure and form editions.”
What Should Employers Do Next?
Employers must stay informed and proactive as these changes approach. Collaboration with immigration attorneys and HR departments will be crucial in navigating the new fee structure. Additionally, evaluating current and future staffing needs against the backdrop of these increases, and possibly accelerating planned filings before the April 1 deadline, could offer financial advantages.
For detailed information on the fee increase and how to manage the process, visit the official USCIS website.
Looking Ahead
As the labor market continues to globalize, the demand for foreign-born workers in the US is likely to remain strong. These changes in visa filing fees signal a substantial shift in the financial landscape for companies reliant on global talent. By staying informed and strategically planning, organizations can navigate these changes effectively, ensuring their ability to attract and retain the skilled workers necessary for success in an increasingly competitive marketplace.
This Article In A Nutshell:
In 2024, the US will hike employment-based visa filing fees. H-1B visas see a 70% increase, L-1 visas up by 201%. Employers should prepare for these changes, especially tech companies. Employers seek relief through smaller entities. Proactive planning with legal advice is key. For more info, visit USCIS website for updates.
— By VisaVerge.com
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