August 22, 2022
UK launches new Scale-Up (Work) Visa Route
The UK launched its new Scale-Up Visa Route on August 22. The Scale-Up Visa is a new work visa for non-UK nationals who possess specific skills needed to grow Scale-Up businesses ("Scale-Ups"). Scale-Up Visa holders can sponsor dependent family members and may be eligible to settle (i.e., obtain indefinite leave to remain) after five consecutive years of residence in the UK. The Scale-Up Route is a new visa category and supports UK Scale-Ups (in all sectors) by allowing talented individuals with a high skilled job offer from a qualifying Scale-Up at the required salary level to enter and work in the UK.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert