Donald Trump’s executive order on H-1B visa unlikely to impact Indian IT firms

The Trump administration’s 2020 order restricting American federal agencies from contracting or subcontracting foreign workers is unlikely to harm most Indian IT service companies.

Because larger Indian tech firms expected this move earlier during the Trump administration, they began shoring up their employment ranks within the United States as well as automating certain processes.

As a result, these companies were not hit particularly hard when the Trump administration shut down the H-1B visa program in June 2020. Smaller Indian firms may incur more expenses if they have to ramp up their US hiring.

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EB-5 Program Update:

The EB-5 Program has lapsed. The US Congress is discussing the legislation that authorizes the program while USCIS reviews the regulations and policies for filing. Because of the recent court ruling that reversed the 2019 Modernization regulations, the investment level has shifted temporarily from $900,000 back to $500,000.

If the program is reauthorized before the regulations are updated, there may be another window of opportunity to file at $500,000.

LCR expects the program to be reauthorized in February 2022, and continues to work with international families that want to explore alternative residency options.

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