"U.S. President Donald Trump on Friday unveiled a brand-new "Gold Card" visa scheme, offering a fast-track to residency for people willing to pay $1 million. But that wasn't the only change to immigration policy that the president announced on Friday: Companies looking to attain H-1B worker visas could soon have to pay a $100,000 annual fee for the privilege. The H-1B visa is used by myriad American companies to hire skilled workers from abroad, but it is particularly beloved by the tech sector."
"The White House said in a proclamation on its website that businesses have " abused " the system, making it more "difficult to attract and retain the highest skilled subset of temporary workers, with the largest impact seen in critical science, technology, engineering, and math (STEM) fields." The changes are likely to be challenged in court, with some critics arguing the rationale for the H-1B changes -to limit the visa's use-could face legal scrutiny."
President Donald Trump unveiled a paid "Gold Card" visa offering a fast-track to U.S. residency for $1 million. A planned "Platinum Card" would cost $5 million and allow 270-day stays without U.S. taxation on foreign-earned income. A corporate-focused "Trump Corporate Gold Card" would cost $2 million and target company sponsorships for citizenship. The administration also proposed a $100,000 annual fee for companies seeking H‑1B visas. The White House characterized employer behavior as having "abused" the H‑1B system and warned of impacts on attracting top STEM talent. The measures face likely legal challenges and could reshape hiring and headquarters decisions.
Read at Fast Company
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