New U.S. H-1B Visa Fee Drives Demand for Alternative Global Workforce Solutions

The recent Presidential Proclamation instituting a substantial one-time fee of US$100,000 for new H-1B visa holders entering the United States has created significant uncertainty for employers navigating the global talent market. While the policy aims to incentivize domestic hiring, it accelerates the need for cost-effective and compliant international workforce solutions. Galaxy Payroll Group Limited (Nasdaq: GLXG), a leading global payroll provider in the Asia-Pacific region, is committed to helping companies navigate these changes with its specialized suite of services.

The new regulation significantly increases the cost and complexity of relocating international talent to the U.S., particularly impacting multinational corporations, small and medium-sized enterprises, and startups with limited budgets. To circumvent the hefty fee and intricate visa processes, businesses are increasingly likely to adopt remote hiring models, engaging talent directly in their home countries. This shift drives demand for Employer of Record (EOR) and international payroll outsourcing services, which allow companies to legally employ staff abroad without establishing a local entity.

Mr. Wai Hong Lao, Chief Executive Officer of Galaxy Payroll Group, stated that the policy has created challenges for employers and workers alike. The company's expertise in payroll outsourcing and employment services across Hong Kong, Taiwan, Macau, and Mainland China positions it to help companies navigate these changes and ensure full compliance with local regulations. More information about their services can be found at https://www.galaxyapac.com.

Galaxy Payroll Group has enhanced its service offerings by supporting payroll settlements in stablecoins, providing companies with a more efficient, transparent, and cost-effective solution for managing cross-border payroll, especially for remote employees. This innovative payment method helps reduce risks associated with currency fluctuations and streamlines international payroll processes.

As companies build more distributed teams, the need for streamlined, transparent, and efficient cross-border payroll management becomes critical. Galaxy Payroll Group's focused technological solutions are designed to simplify multi-jurisdiction payroll processing, tax calculations, and compliance reporting within its operational regions. This capability aligns with the growing need to manage dispersed teams effectively, making integrated payroll technology increasingly essential.

The new policy presents challenges for companies of all sizes, from SMEs to large multinational corporations like Microsoft, which employ numerous H-1B visa holders. Galaxy Payroll Group's comprehensive suite of services, including EOR, international payroll outsourcing, and stablecoin settlements, offers scalable solutions tailored to meet diverse business needs. By leveraging these services, companies can continue accessing skilled professionals globally while remaining competitive in the international talent market.

Galaxy Payroll Group remains committed to providing innovative and compliant solutions to support companies in their global talent management strategies, positioning itself to meet the growing demand for efficient international workforce management solutions in response to the changing regulatory landscape.