Tier 2 Visa Rules “Restricting” Smaller Businesses
The Scale-Up Institute, a group that helps small businesses with good potential, has warned that the visa restrictions in place in the UK are damaging the growth of small businesses.
According to a report from the organisation, the strict guidelines in place for Tier 2 visas are preventing UK start-ups from recruiting international talent and is "suffocating young businesses and detrimental to the economy." The claim made by the organisation has been echoed by Google and the London Stock Exchange.
Such organisations have stated that they agree with the Institute after it was revealed that 80% of growing companies stated that they would be in a position to expand their company quicker if the Tier 2 visa system was easier to navigate.
Risk of Losing Workers
According to some experts, companies risk losing skilled workers either by not being able to recruit staff or by waiting for a visa to be approved. The report from the Institute read: "A company operating in a nation without a skills shortage can be confident in accepting customer orders and hiring personnel to meet those orders, creating a virtuous circle. However, in a country where skill shortages are rife, like the UK, businesses are forced to delay accepting orders until they have the workforce to meet demand."
The organisation called for the introduction of a special “start-up” visa which would allow skilled workers to be processed in a timely manner aiding companies that are quickly growing.
If you require legal advice regarding Tier 2 visas or for any legal advice regarding skilled migration, get in touch with our team today using our online contact form or call our immigration barristers & immigration lawyers in London on 0203 617 9173.