Significant Changes for Sponsor License Holders from 6 April 2024.
From 6 April 2024, sponsor license holders will not have to renew their licenses: the requirement to renew their license every four years and to pay the corresponding renewal fee will be eliminated. This crucial update was disclosed through the Sponsor Management System (SMS) portal yesterday. In a noteworthy policy change, all sponsor licenses will now be automatically extended to a duration of 10 years.
This development is a significant relief for license holders, substantially simplifying the administrative process. The automatic extension signifies that no further action is necessitated on their part; the changes will be automatically updated in the SMS portal.
However, it’s vital to acknowledge that this extension is effective from 6 April 2024 onwards. Consequently, if your license expires before this date, you are still obliged to complete the standard renewal process and pay the relevant fee. To ensure compliance, all license holders should log into the SMS portal and check their specific expiry dates.
This policy amendment is a considerable step forward in reducing administrative burdens for businesses and organizations possessing a sponsor license. It marks a positive advancement in streamlining procedures and diminishing red tape in the business immigration sector.