Visa freeze to hit US more than India

Although the 2020 suspension of H-1B and other visas to work in the US will affect workers worldwide who are
applying for these visas, Indian IT companies may not be greatly affected, because the Indian IT industry has been reducing its dependence on the H-1B visa since the start of the Trump administration in 2017.

Instead, many Indian companies are hiring within the US to reduce dependence on the H-1B visa. That said, according to Suresh Rajan of LCR Capital Partners, this choice will increase costs for Indian companies. He and other experts note that other options include off-shoring the work to India or near-shoring the work to Mexico or Canada.

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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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