H-1B visa fee hike may force startups to rethink the ‘American dream’
Domestic startups are recalibrating their US expansion plans and hiring strategies after the US government announced a steep $100,000 one-time fee on H-1B visas.
The move is set to impact AI (artificial intelligence) and SaaS (software-as-a-service) startups the most, which have traditionally relied on the US as their biggest market. While the announcement does not impact existing H-1B visa holders, companies looking to expand their teams must now choose between paying astronomical visa costs or abandon the plan altogether.
