Equity is one of the listed evidence for Key Criteria of Global Talent Visa (Tier 1 Exceptional Talent Visa). It stands together with other evidence of employment like a contract with salary. But how to demonstrate that you have equity and it worths something? A truly interesting question to think about.
Equity as a Benefit
I will not dig deep regarding what is equity and how it is good for you to have it in general. Niche advisors will be more competent.
However, what I can suggest for you as an applicant for Global Talent Visa, what advantage you can get from equity as evidence for your visa application:
- The exclusiveness of your role in the company. If your employer does not provide equity as a bonus for all employees, you can point on this. If you were granted equity because of your important role in the company – it worth to be said directly.
- Importance for the company. If your employer gives shares to each employee, you still can use it as a bonus for your profile. If you have the amount of equity that is bigger in comparison with other employees – you can write about this fact as well.
- The unique reason for giving you shares. In some companies, there is a practice to award employees with a small bit of equity after reaching a well-desired milestone. Reference on this fact will again help you to demonstrate your significant role in the company as a rising star and revenue-maker.
You may have all of these three reasons in your list or just one of the point. It does not matter too much. The main thing – you should show off your equity rights to impress Tech Nation for Endorsement.
What information about Equity to provide?
Thinking about relevant data about your equity, it is important to be brief but informative.
- Share Certificate. This is a document worth millions of words. Just attach it as one of your supporting documents and it will answer many questions about your equity.
- Confirmation Letter from the Employee. Sometimes it happens that you cannot provide a copy of share certificate. Then you must have a letter from your employee. In this letter it has to be clearly stated:
- name of the company and its description;
- if it is IPO-listed, then listing date, index and other market essentials;
- your name as an employee;
- number of your shares;
- date when you got these shares;
- known price of each share (USD or GBP only; no other currencies, please!);
- any other relevant information about the reason for granting your shares or their value.
I cannot think about any other working proof of your equity. In other words, it may exist but it may not be valuable for the Endorsement Panel. But these two types of documents look trusted and fine.
Equity as an independent evidence
This is a dilemma for many Global Talent Visa applicants. The question is: shall you apply Equity as a separate evidence or with other documents?
The answer is traditional: it depends :).
If you want to show off your equity in Facebook or Alibaba, just do it. It will be sufficient to attach information about shares apart.
At the same time, if your company is not so publicly recognisable, think ahead. Just imagine yourself in the shoes, worn by the expert of Endorsement panel.
He or she looks at your document. Let’s say, it is Share Certificate about your shares in some Indian company. But you cannot guarantee (s)he knows its brand. It requires to google this name.
Moreover, it is impossible to predict a dozen other questions about link between you and these shares.
That is why, to answer them and do not leave gaps, it is better to attach something.
A detailed letter from your employer will be enough. However, extract from an employment contract or payslips are also good. Think about the free spaces within 10 supporting documents and fill them.
Your own explanations
If you still have a room within 10 supporting documents, there is one more option.
You can always write a separate statement on A4 page, where explain everything in details. Surely, not longer than two sided page :).
At the same time, it will be completely great if you will attach your own explanations on shares.
There is no template for this independent supporting document of Tier 1 Exceptional Talent Visa application. However, thinking about the content I suggest the following:
- write the name of the company, its status (is it international or not);
- explain what is the core business of your employer;
- if the company is IPO-listed – write known details;
- confirm are you a present employee or past;
- write about the date of your employment and duration;
- briefly provide information about your role and important impact on company’s business;
- declare the number of your shares and date when you got them;
- if you received equity because of specific circumstances – explain;
- write the known price of each share.
If you will write at least this information – your explanations will be appropriate. Hence, the synergy of Equity plus Explanations will work.
At the same time, I understand that you may have completely unique circumstances. Hence, if you need to think about them together – let me know, I will do my best to help.
Talent Visa Help has been created for informational purpose and is not an official guidance for Global Talent Visa (Tier 1 Exceptional Talent Visa) application.
Talent Visa Help should not be used as a substitute for the official Tech Nation Guideline or Home Office Guideline. Talent Visa Help is NOT linked either with Tech Nation or Home Office. The views, thoughts, and opinions expressed in the texts belong solely to the authors at Talent Visa Help. The contents of Talent Visa Help do not constitute legal advice and authors accept no liability for the accuracy of information provided. Applicants should always consult the official governmental guidance and seek professional immigration advice where appropriate.
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