The L-1 visa is a non-immigrant visa category in the US that is designed for intracompany transferees.It allows multinational companies to transfer certain employees from their foreign offices to work in the US temporarily.The fee adjustments, as well as changes to the forms and fee structures used by United States Citizenship and Immigration Services (USCIS), will result in net costs, benefits, and transfer payments, the Department of Homeland Security said in its federal notification.For the 10-year period of analysis of the rule (FY 2024 through FY 2033), the US Department of Homeland Security (DHS) estimates the annualised net costs to the public will be USD 157,005,952, discounted at three and seven per cent.Estimated total net costs over 10 years will be USD 1,339,292,617 discounted at three per cent and USD 1,102,744,106 discounted at seven per cent.DHS argued that the changes in the final rule will also provide several benefits to it and applicants/petitioners seeking immigration benefits.For the government, the primary benefits include reduced administrative burdens and fee processing errors, increased efficiency in the adjudicative process, and the ability to better assess the cost of providing services, which allows for better-aligned fees in future regulations.The primary benefits to the applicants/petitioners include reduced fee processing errors, increased efficiency in the adjudicative process, the simplification of the fee payment process for some forms, elimination of the USD 30 returned check fee, and for many applicants, limited fee increases and additional fee exemptions to reduce fee burdens.In many categories, the federal notification has made a minor reduction in visa application fees as well.
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