The H-1B visa quota for the financial year 2024, beginning October 1, has been reached the US Citizenship and Immigration Services has said.
In a statement on Monday, the federal agency said it has received enough electronic registrations during the initial period to reach the fiscal year 2024 H-1B numerical allocations (H-1B cap), including the advanced degree exemption — the master’s cap.
“We have randomly selected from the registrations properly submitted to reach the cap and have notified all prospective petitioners with selected registrations that they are eligible to file an H-1B cap-subject petition for the beneficiary named in the applicable selected registration,” it said.
The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
H-1B cap-subject petitions for the financial year 2024, including those petitions eligible for the advanced degree exemption, may be filed with the US Citizenship and Immigration Services (USCIS) from April 1, 2023, if based on a valid, selected registration.
Only petitioners with selected registrations may file H-1B cap-subject petitions for 2024 fiscal and only for the beneficiary named in the applicable selected registration notice, the USCIS said.