Private Wealth by Greenwoods is for those who care deeply about protecting not just their financial wellbeing, but the people and values they cherish most. We bring clarity to complexity, ensuring every decision supports the life you lead and the legacy you leave.
Our mission is to demystify wealth, to educate with empathy, and to support families through life’s key moments, from building a legacy to preserving it for generations to come.
Private Wealth by Greenwoods is for those who care deeply about protecting not just their financial wellbeing, but the people and values they cherish most. We bring clarity to complexity, ensuring every decision supports the life you lead and the legacy you leave.
Our mission is to demystify wealth, to educate with empathy, and to support families through life’s key moments, from building a legacy to preserving it for generations to come.
Home // Insights & Events // High Potential Individual visa scheme opens
On 30 May 2022, the High Potential Individual (HPI) visa opened to individuals who have graduated from an eligible overseas University in the last 5 years, based upon their year of graduation.
The aim of the HPI is to attract graduates from top-ranking Universities worldwide to the UK. In contrast to sponsored work visas, eligible individuals will not need a job offer in the UK to qualify.
The visa will be valid for 2 years (or 3 years for PhD holders). On completion of this initial period of eligibility, individuals will need to switch into another visa category should they wish to remain in the UK.
The cost savings of the HPI compared to sponsored worker visas may make it an attractive option for employers. However, much like the Graduate visa route, in some instances employers may simply be deferring these costs to a later date where an individual’s only option for extending their stay in the UK will be a sponsored work visa.
In addition, there is arguably less certainty to this route given the list of eligible universities changes annually and so for example two candidates graduating from the same course in different years may have different eligibility.
For employers, understanding how best to incorporate this route within your existing immigration programme will be important to maximise the benefits offered.
Questions employers should consider include:
The creation of the HPI visa is the latest major immigration change of 2022, following the introduction of several new visa categories over the last few months. Employers who have not recently reviewed their immigration programme may now wish to use this as an opportunity to update and reflect policies and processes to reflect recent developments.
This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. Greenwoods Legal Services Limited is a Limited company, registered in England, registered number 16115882. Our registered office is Queens House, 55-56 Lincoln’s Inn Fields, London, WC2A 3LJ. Authorised and regulated by the Solicitors Regulation Authority, SRA number 8011813. Details of the Solicitors’ Codes of Conduct can be found at www.sra.org.uk. All instructions accepted by Greenwoods Legal Services Limited are subject to our current Terms of Business.
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