Trump imposes $100,000 fee on new visas to attract tech talent

silicon valley

Alphavalue/ Divacons | Donald Trump has introduced a £100,000 fee for new H-1B visa applications, which are the visas used by tech companies to recruit talent from countries such as India and China. The White House clarified that it will only apply to new applicants, not renewals, and that it will be a one-time payment, not an annual one. This dispelled doubts among companies. Even so, it is a measure that is likely to cause tension in Silicon Valley.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.