New applications forms and guidance notes have been published since last week to take effect today.
The guidance note states intial EC approval will be for 2 years and an extension of 3 years. Here is the extract.
"EXTENSION APPLICATIONS
52. Under the HSMP arrangements, initial applications may be approved for a period of up to 24 months.
53. If you are a Highly Skilled Migrant you will, in the last month before the end of that period, be able to apply for permission to stay for an additional three years under HSMP.
54. You should apply to Work Permits (UK) at Cannock using the form FLR (IED) available from the IND website at www.ind.homeoffice.gov.uk.
55. You will be asked to provide evidence of your economic activity during your period of stay in the UK and evidence of your personal earnings during the period, if you are employed. If you are self-employed, a business plan and evidence that you have established a business bank account will suffice. If you have been active both in employment and self-employment then you should submit evidence of both. You will also need to declare that you and your family have not had access to public funds and have not received a criminal conviction. If your application is approved you will normally be given permission to remain for a further three year period. "
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