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August 22, 2022
UK launches new Scale-Up (Work) Visa Route
The United Kingdom (UK) launched its new Scale-Up Visa Route on 22 August 2022. 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.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert