Sponsor Licence Change Of Business Ownership

On 01 December 2020, the Immigration Rules were changed to remove the 10% cap on shareholding ownership for sponsored migrants which was previously in place under the Tier 2 (General) route (unless a migrant was a high earner). This has opened up the possibility of sponsorship to many more companies and migrants. However, the ownership of a company is still very relevant to sponsor licences. This article explores how changes in the ownership of a company can affect their sponsor licence.

What Business Structure Changes Should We Be Aware Of?

Businesses that hold sponsor licences should be aware of how changes to their business structure can affect their sponsor licences. Sponsor licences are not transferable, which means that sponsor licence holders should be very clear about how the following changes to a business could affect their licence and, accordingly, any sponsored workers: