Migrations are a key element in today’s world. People are moving from country to country, and we expect to see this trend continue in the years to come. Large economies from all over the world require an additional workforce to grow.
There are economic centers that attract people from less developed countries. One of these centers is Western Europe, and the UK is one of the main hubs. Nobody should be surprised why many people come to the country. The number of people that move to the UK in search of work has increased massively in the last two decades.
Sure, we know the UK, especially the city of London, is one of the most visited places in the world. As you know, coming to foreign countries to find work is a procedure, and it requires going through several steps. Understanding how to go through these processes is crucial. You can learn more about the process by visiting https://imperiallegal.com/media/articles/sponsorship-licence-in-the-uk-how-to-obtain-and-what-is-it-for/.
Knowing even the smallest details is necessary. Thankfully, the institutions responsible for handling these processes will provide the right resources to the applicant. Today, we want to discuss this subject in detail. However, we want to focus on the financial aspect of this process. Without further ado, let us start.
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How Massive are Migrations?
Before discussing the subject, we want to touch upon immigration. For example, immigration was not as massive back in the mid-nineties. Back then, around 150 million people were considered immigrants. Nevertheless, when you see current numbers, you will see they have almost doubled. According to the report published by world commissions focusing on this subject, this number is around 280 million.
Most of the immigration comes purely from economic reasons. You will usually find Germany, the United States, India, France, and the United Kingdom in the lists of the countries that accept the most immigrants. We can see that the number of people who immigrate to Middle Eastern countries such as the United Arab Emirates and even Saudi Arabia has increased significantly in the last two decades.
Of course, this does not mean that economic reason is the only one. People from all over the globe want to move around pursuing a different way of life. It is a mistake to presume that the economic element is the only one. We talk about the trend that has been increasing since the mid-nineties. However, the only point when it was on hold was during the COVID-19 pandemic, for obvious reasons. In 2022, the trend continued.
The Price of Sponsorship License
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Lawyers specializing in immigration know very well just how costly economic migrations are. When discussing the UK, everyone wanting to move to the country for work must get a sponsorship license. It is an important element for the company and its potential employee. For instance, the company needs to pay for the application procedure and manage the sponsor license. It is a complex process, and it can be quite hefty.
The managerial staff must pay attention to various things and provide accurate information on their needs. Naturally, the commission leading the whole process will determine whether their application is legitimate. What does separate legitimate and illegitimate ones? Well, it’s quite simple. If there is enough workforce among the local population, the application will likely be declined. Measuring these elements is crucial.
Otherwise, the danger of wasting money for nothing is growing. When you add the potential money wasted to the existing costs, you will see how they can be if they amass. For all these reasons, we recommend that the companies undertake the patient approach. They can look for a workforce outside the country if the lack of the needed workforce is at hand. In most cases, this will require much preparation.
Different Layers of Costs
We’ve mentioned that there are different layers of costs in the case of sponsorship licenses. The commonest sort of sponsorship license in the UK is known as a Skilled Worker. Yet again, this one is also divided into different categories. The first one is a certificate of sponsorship. The price of issuing this certificate is around $250. The next one is known as the immigration skills charge. We are talking about a tax paid by the company for hiring foreign workers.
What is important to say is that this comes in three different levels that depend on the size of the sponsor. A small sponsor will pay around $400 in the contract’s first year. A medium or large sponsor will pay $1,200 per year. When you calculate this, it becomes obvious that these costs can surpass $5,000 in the next five years. All this shows just how massive these costs can be. That is why being patient and careful is a must.
Furthermore, the profession in question also plays a big role in costs. Applying for a non-shortage occupation is around $700 for the next three years. The fee is lower for professions in shortage, which amounts to roughly $550. Naturally, the fees for visas that will last longer than five years are higher. Therefore, an applicant must pay $1,300 for non-shortage and $1,000 for occupations lacking workforce.
Growing Economies
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Growing economies always need an additional workforce. The global economy has stopped in the last couple of years. The reason is simple; the COVID-19 pandemic was behind it. While the economic situation now is not the best, all reports state that the growth in the world economy is expected to grow in the next five years.
That’s why countries need to find additional workforce for various occupations. Finding the perfect candidate is not always the easiest task. But when a company is lucky enough to find someone fitting, it is essential to go through processes such as sponsorship licenses.
The Bottom Line
The costs of applying for a sponsorship license are multi-layered and, above all, costly. Therefore, it is essential to be as precise as possible while looking for the right candidate. Here, you can look at all the main elements needed for going through this process, mainly the financial aspect.
