Further to our article in our November Newsletter, it is important to keep in mind that the Global Talent Scheme (GTS) is a pilot program, intended to run for an initial period of 12 months to 30 June 2019.
While there was a lot of interest in this program at the outset, Ajuria Lawyers’ experience has been that interest has not translated into approved agreements with the Department. Indeed, we understand that only 8 visas have been approved for GTS sponsors in the established business stream, and one in the start-up stream.
Moreover, while the target industry was the tech sector, we would encourage other industry sectors to consider the GTS as a way of overcoming current limitations of the 2 year visa with no permanent residence pathway for many sponsored employees. If approved as a GTS sponsor, the agreement is valid for a 5 year period.
Please feel free to discuss the GTS and how it may meet your requirements with your adviser.
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