Brand new Fintech visa announced

London is one of the world’s largest Fintech capitals and home to some of the biggest international firms such as Revolut, Monzo, OakNorth, and Cazoo. The UK’s Chancellor of the Exchequer Rishi Sunak has announced a brand new Fintech visa, which will be made available under the current Global Talent visa route later this year. The Fintech visa will be introduced for highly skilled workers who wish to join fast-growing companies in the financial technology sector and cyber firms in the UK. The UK Government hopes this move will help boost the Fintech sector and more importantly help the economy flourish. Whilst the exact requirements have not been published it is believed that there will be no sponsorship or pre-endorsement required as long as candidates have a valid job offer from a Home Office recognised organisation within the realms of Fintech.

What is the new Fintech visa?

The new Fintech visa will be introduced for highly skilled workers from all around the world who wish to join rapidly growing companies in the UK. The purpose of this new visa is to attract Fintech specialists. The Fintech visa is likely to be part of the Global Talent category. The addition of the Fintech visa will benefit the financial technology sector and cyber firms such as Monzo, Revolut, and OakNorth. The UK Government hopes this move will help further help the economy grow by adding billions of pounds.  

The Fintech visa will be a fast-track visa that will allow migrants to make an application if they have received a job offer from a recognised UK organisation within the Fintech sector. Unlike the other Global Talent categories, Applicants will not be required to obtain sponsorship or endorsement.

Key points to note about the Fintech visa?

  • Migrant workers (EU and non-EU) currently represent 70% of UK Fintech employees;
  • The Fintech visa is being introduced to attract the best and brightest workers to help boost the UK economy post-Brexit;
  • Priority will be given to professionals in the tech industry and there will be a fast-track route; and
  • There will be no sponsorship or endorsement requirement as part of the application process.

What is the current Global Talent visa route?

The current Global Talent visa route replaced the former Tier 1 Exceptional Talent route and enables the brightest and best talents from around the world to come to the UK to work in their respective fields. Applicants can apply for a Global Talent visa if they are considered to be a leader or potential leader in one of the following fields; science, engineering, medicine, humanities, digital technology, and arts and culture (including film and television, fashion design, and architecture). The Global Talent visa application comprises of two stages. Stage one consists of obtaining an endorsement from a Home Office approved endorsing body and the second stage is the actual visa application to the Home Office. Where Applicants are running out of time or working towards a tight deadline it is possible to submit both applications simultaneously. 

Applicants can live and work in the UK for up to 5 years on the Global Talent visa. There is no time limit as to how long you can stay in the UK on this visa and you can extend the visa for a maximum period of 5 years per extension.

How our immigration solicitors can help submit the new Fintech visa

Our immigration solicitors in London specialise in visa applications and can submit successful Fintech visa applications. Our immigration team prepares applications to the highest standard. We have an impeccable track history of submitting successful visa applications for a range of clients. The key to submitting a successful Fintech visa application is being aware of the relevant Immigration Rules and submitting the correct supporting documents. Our immigration solicitors in London guide Applicants through the requirements and prepare detailed legal submissions in support of the application. In addition to the legal representations, our team of solicitors also provides multiple substantial reviews of the application bundle to ensure that the correct documentary evidence is submitted. We also prepare and assist with the submission of the application.

Using our Immigration Solicitors in London to submit a Fintech visa application

Legal representatives, such as our specialist immigration and visa law firm, are qualified to advise you on immigration law and your immigration matter. You can instruct one of our immigration and visa legal representatives to successfully assist you with a Fintech visa application. Our solicitors and Barristers will help you comply with the Home Office’s requirements and meet the Immigration Rules.

Caseworkers at the Home Office are trained to reject applications, which are improperly prepared, for example by failing to provide the correct supporting evidence. In order to ensure your application succeeds, our solicitors and barristers will ensure all specified documents must be provided.

The UK Immigration Rules are complex and a legal representative can help ensure that your application meets the Immigration Rules.

Successfully submit a Fintech visa application

Our team of solicitors and barristers are specialist immigration lawyers who act in your best interest. We offer a client-tailored approach from the outset. From the very first meeting, we will be able to advise you in respect of your prospects of submitting a Fintech visa application before your application even reaches the Home Office UK Visa & Immigration department. We can assist you with the preparation and submission of a Fintech visa application and ensure that you meet all the requirements under the Immigration Rules.

We are based in the legal epicentre of London, just across the road from the Royal Courts of Justice in order to ensure we get the best results for our clients. LEXVISA is just minutes away from the Immigration and Asylum Tribunal, the Royal Courts of Justice, and other central London courts.

Preparation is the key to a successful Fintech visa application. Our UK immigration and visa solicitors are here to guide you through the complex immigration rules and requirements. If you wish to meet one of our lawyers, please call our Immigration Team so we can assess your case and arrange your legal consultation.

Contact our London immigration solicitors on 02071830570 or complete our contact form.

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