UK Introduced New Visa Categories To Encourage Tech Companies
07 Jun 2019
Momentum in the U.K. tech sector is growing relentlessly, and it comes as no wonder that the U.K. offers a diversity of opportunities to promote established and fledgling tech firms to fix up a U.K. presence. Due to the niche skills needed by tech companies, organizations usually develop their workforce utilizing a blend of existing abroad employees and the latest recruits. In either case, workers who are not E.E.A. citizens will need a visa to enable them to come to the U.K.
Below is a summary of the leading immigration paths available to tech firms seeking to build a market presence in the U.K. We also demonstrate how tech firms can sponsor non-EEA citizens to
work in the U.K., once the company is up and operating. With the latest categories of visa open to fledgling tech companies, there has never been a greater time for tech firms to fix up or grow in the U.K.
Latest Categories
There are two different possible paths for building a business presence in the U.K. for non-EEA citizens. By these 02 immigration categories, people can set one or more companies and hire non-EEA citizens by sponsorship. The Home Office terminated the Tier 1 (Entrepreneur) category on 29 Mar 2019 and started the
current Start-up and Tier 1 Innovator categories instead.
Both visa categories require the candidate to be endorsed by an organization which is on the endorsement bodies list organized by the U.K. Government. The endorsing body will evaluate the candidate against particularized criteria to determine whether the appeal should be supported.
The Start-Up Visa
The category Start-Up Visa is for early-stage but great possible entrepreneurs who are beginning a business in the U.K. for the first time. Candidates do not require any funds to invest in their company at this stage, giving an excellent chance for tech firms who have not obtained funding.
Successful candidates can get their family members to the U.K., it includes partners/spouses and children below 18. At the close of two years, they can change into the category Innovator to stretch their stay and further expand their business in the U.K.
The Innovator Visa
The category Innovator Visa is for more experienced entrepreneurs seeking to build a business in the U.K. Candidates will normally need at least £50,000 funding ready to invest in their company. It does not have to get from their endorsing body, but some endorsing authorities may select to give this funding.
Successful Innovators are given authority to live in the U.K. for 03 years at a time and able to get their family members to the U.K.
After three years, Innovators can appeal to prolong their stay for an additional 03 years or to live permanently in the U.K. Innovators need a constant endorsement from an endorsing body at the expansion and settlement stages.
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