The United Kingdom says foreign nationals can now apply for
its scale-up visa effective August 22.
According to a statement released on Monday, the government
said the new visa type will avail UK’s top high-growth businesses greater
flexibility and power to entice talents from anywhere in the world.
WHAT IS A SCALE-UP
VISA?
It is a route for foreign talents who have been sponsored by
a scale-up company in the UK and who have the skills needed to enable the
growth of scale-up businesses.
The professions qualified for the scale-up visa include
scientists, engineers, programmers, software developers, research and
development professionals, economists, architects, technicians, financial and
investment advisers.
Unlike other sponsored visas, the scale-up visa allows
businesses to employ high-skilled individuals who will receive two years’ leave
to remain in the UK without requiring further sponsorship or permission beyond
the first six months.
“This will further enhance the government’s overall offer to
businesses through the points-based immigration system to hire eligible
employees from anywhere in the world. The Scale-up visa will give them greater
flexibility to hire, often in-demand, talent they need so they can go to the
next level, while boosting the UK’s high-skilled pool,” the statement reads.
“Companies, including small businesses and those in the tech
and financial services sectors, that have achieved growth of 20% or more in
either employment or turnover year-on-year for at least 3 years and employed a
minimum of 10 people at the start of the 3 years will be eligible to sponsor
talented individuals through the Scale-up visa.”
Kevin Foster, the UK minister of safe and legal migration,
said with the scale-up visa, businesses will get the right level of support “to
go to the next level”.
“Through our Scale-up visa, we’re enabling businesses to
focus on their growth and innovation by giving them more freedom to bring in
the diverse skills and experience they need, making them more attractive on an
international stage,” Foster said.
“By supporting our high-growth tech, financial services and
small businesses, we are ensuring the UK remains a global hub for emerging
technologies and innovation while enhancing productivity across the economy –
creating jobs, growth and prosperity across Britain.”
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