Bloomberg writes that lawyers are fielding a flood of questions from
multinational firms as a government shake-up of visa rules threatens to cut
short the careers of top traders and other executives transferred from
overseas.
Changes in the past two years include a five-year cap on how
long employees who moved to the U.K. under the Intra Company Transfer system
can stay, and the removal of their right to settle permanently. The
introduction of a cooling-off period between visa applications means employees
have to spend at least 12 months out of the country once their permit expires.
“We’ve seen quite significant panic among a number of
clients,” said Ben Sheldrick, a partner with Magrath LLP Solicitors in London.
“The government wants to be seen to be tough on immigration and one of the only
groups they can be seen to be reducing is the skilled migrants sponsored by
multinational firms….”
No comments:
Post a Comment