Permission to stay initially for about 3 years, can be extend for two more years
17th March 2011: The government is all set to dole out 1,000 visas per annum for exceptionally talented migrants in the fields of science, arts and humanities.
The permission to stay in the UK will initially be granted to them for three years and four months. But, they will be able to extend their stay for a further two years, and to settle here after five years’ residence in the UK.
The government has already published a statement of intent outlining how the new Tier 1 (Exceptional talent) route will operate from April 2011.
This innovative new route for exceptionally talented migrants will be limited to 1,000 visas per year. It is for talented migrants already recognised or have the potential to be recognised as leaders in the fields of science, arts and humanities.
The UK Border Agency has elaborated: Migrants seeking entry under Tier 1 (Exceptional talent) will not need to be sponsored by an employer, but will need to be endorsed by an accredited competent body. These competent bodies will be announced in the near future. It will be for each competent body to select those who will qualify for endorsement.
`Under Tier 1 (Exceptional talent), migrants will initially be granted permission to stay in the UK for three years and four months. They will then be able to extend their stay for a further two years, and to settle here after five years’ residence in the UK’.
Damian Green added: ‘Our new exceptional talent route will ensure that we continue to allow the brightest and the best who can make a valued contribution into the UK.
‘This comes at a time of major reform to the immigration system to bring net migration back down to the tens of thousands.’
The changes will come into effect on 6 April 2011. They were announced by Damian Green in a written ministerial statement.
The UKBA added: government has made clear its commitment to supporting a private-sector-led economic recovery. For growth to be strong and sustainable, the economy must be rebalanced to support private-sector jobs, exports and investment.
Micha-Rose Emmett, Associate of Henley & Partners Ltd, said: ‘We applaud the Home Office on the introduction of these new rules for the investor and entrepreneur categories. This is evidence that the UK is becoming again a key player in investor immigration worldwide.
‘With these changes, high net worth individuals will be more likely to chose the UK as their preferred country to reside as the physical presence requirements have been sensibly relaxed. The investment opportunity becomes more interesting for investors, and this is a very encouraging prospect for the future of the country.
‘International wealthy individuals and families need effective, interesting solutions that can be implemented swiftly, and this new policy give these people those possibilities, which in turn will attract significant capital to the UK.’
Revised policy guidance for each category in Tier 1 has been published, and will come into effect on 6 April when the Immigration Rules change.