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.
DISCLAIMER This information is current as of and subject to change. The information contained in this publication is of a general nature only. It should not be used as legal advice. To the extent permissible by law, Ajuria Lawyers and its associated entities shall not be liable for any errors, omissions, defects or misrepresentations in the information or for any loss or damage suffered by persons who use or rely on such information. Liability limited by a scheme approved under Professional Standards Legislation.
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