UK Government Plans to Introduce Australian-style Points-Based Visa System -21st August, 2019

UK Government Plans to Introduce Australian-style Points-Based Visa System

An Indian-origin entrepreneur has asked the government of the UK to consider the latest streamlined visa to make it more relaxed for the tech industry to proceed to hire the requisite talent from around the globe even after Brexit.

The CEO, and co-founder of Fintech start-up OakNorth trusts the latest "unicorn visa" would support fast-growing tech firms in the UK to bring the expertise from other businesses, including nations like India.

It would be excellent to view something that helps explicitly to the fastest-growing tech firms in the UK to bring the talent from different markets such as a 'unicorn visa' where we could get appeals fast-tracked from the UK consulate anywhere in the globe, told the CEO of OakNorth. He is the head of a successful start-up estimated at above $1 billion.

Britain is programmed to leave the EU region by 31 October 2019, which would indicate the closure of freedom of movement rules in the 28-member economic bloc.

UK Government Proposals On Immigration Post-Brexit 

The Boris Johnson-led administration has proposals to introduce an Australian type points-based visa system post-Brexit, which it assumes can attract migrants to the nation based on their skills preferably than nationality.

Plenty of the UK's various business sectors, along with financial technology, have requested the UK government to assure that any new system performs more convenient for Britain to obtain the necessary talent.

The UK has succeeded to maintain its position in Fintech gratefulness to its diverse mix of expertise, world-renowned education schools, modern and dynamic investor network. Our faith is that even after Brexit, we would be able to bring this diversity of expertise and I believe we will, said CEO of OakNorth, whose OakNorth is counted among Europe's important Fintech companies, which practices an artificial intelligence method to grant loans for small and medium-sized firms to be able to expand their businesses.

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