Special visas could boost FinTech post-Brexit

The government could change visa rules to support fast growing companies post-Brexit, The Financial Times reported on Friday.

The Independent FinTech Strategic Review, launched last year by chancellor Rishi Sunak, is to recommend special visas for skilled workers, as well as changes to the UK's listing rules, the newspaper said.

The review, which aims to to establish priority areas for industry, policy makers, and regulators to explore support the ongoing success of the UK fintech sector, is led by former chief executive of Worldpay Ron Kalifa OBE.

The UK fintech sector is currently estimated to be worth about £7 billion and employs around 60,000 people.

The Financial Times said that the recommendations, which are still being finalised, are likely to propose tech visas to attract talent from overseas, alongside changes to the listing regime to make sure the capital’s stock market is “more attractive to founders of fast growing firms.”

Two people familiar with the review said that it could include proposals for dual class shares structures for listed companies on the “premium exchange,” the newspaper revealed on Friday.

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