What is the High Potential Visa, and is it for entrepreneurs?

These might just be answers to a few questions the government needs to provide on its new Global Business Mobility visa, but it’s a big pile of missing information it needs to provide on its new high potential visa. .

Similar to the GBM, the High Potential Visa (HPV) was first launched as part of the UK’s Innovation Strategy which was released over the summer, and further mentions have been made. made as part of the fall 2021 budget.

Thus, we know that the strategy underlying the high potential road is motivated by the government’s vision of a “more inclusive, dynamic, productive and sustainable innovation and technology sector”, writes Arshia Hashmi, immigration lawyer from Brabner.

Recognition, otherwise detail

We also know that in addition to developing local talent, the government wants to ‘make the UK attractive to the world’s best innovators and entrepreneurs’, as it recognizes that skilled migration is strongly associated with higher levels of employment. innovation and entrepreneurship. The authorities also recognize here that people from abroad bring complementary skills, knowledge and ideas to the workplace.

We are further told that the purpose of the high potential route is to make it too as easy as possible for internationally mobile people who demonstrate high potential to come to UK. ”. And we were further told that the eligibility requirements for HPV will include graduationfrom a leading global university. “

Definitions are part of the missing cache

But so far, we haven’t seen any further information on what is a “best world university”!

It’s unclear if this will just be an exhaustive list of universities around the world, for example. Other eligibility criteria may potentially include graduates “only in STEM subjects” or only those who have obtained first-class degrees.

With more certainty, we can expect the high potential visa to be another route that facilitates the entry of highly skilled migrants to the UK that will not be dependent on employer sponsorship.

Historically, the “highly qualified” have disappointed the government

So, indeed, the HPV route doesn’t look too different from a number of routes we’ve seen previously from the government, such as the Highly Skilled Migrant program (which ended in 2008), or the Tier 1 route. “General” (which ended in 2011).

It should be noted, however, that these two routes were ultimately deemed too flexible, as they provided access to jobs that were not necessarily as “highly skilled” as the government would have liked. Still, not appearing to budge to avoid the prospect of being disappointed again, the government says there will be no minimum wage requirements attached to the high potential road. In addition, applicants will be able to change jobs and move flexibly between employers. There will also be options to extend the stay and eventually settle in the UK.

In line with many other immigration routes, we currently expect this installation option to be allowed after five years in the UK on the high potential route.

However, it is not yet clear whether high potential visas will benefit independent entrepreneurs, despite the target mentioning “mobile individuals” indicating that they will. Otherwise, HPVs could depend solely on working relationships.

After that ?

As for “And then? “, it’s a good question ! We know the route is designed to provide an easy immigration route to the UK for top talent in innovation, technology and R&D from March 2022. But beyond this general goal and From the details described and speculated above, for now all we can do is wait for further announcements from the Home Office to fill in the blanks.

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