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Benzinga
Benzinga
Business
Paula Tudoran

Trump's $100K H-1B Fee: 'Early Teams Can't Swallow That Tax' CEO Says As Startups Brace For Impact

H-1b,Visa,Application,Concept:,Smartphone,With,Usa,H-1b,Visa,Application

President Donald Trump's decision to attach a $100,000 fee to H-1B visa applications stunned the technology last week after the decision, with startups warning that the cost could cripple early-stage teams while shifting talent pipelines to Canada and the U.K.

White House press secretary Karoline Leavitt later clarified that the fee took effect with the proclamation but applies only to new petitions starting with the next lottery cycle, not to current visa holders or renewals.

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