The UK Start-up visa is for individuals who are new entrepreneurs and want to establish a business in the UK for the first time. You do not need to be a graduate or have secured any initial funding. However, you will need to have an innovative, viable and scalable business idea which has been approved by an endorsing body.
Start-up visas are one-off visas, valid for 2 years and the category does not lead directly to settlement in the UK. However, Start-up visa holders may extend their stay in the Innovator Visa category and qualify for ILR three years later.
As a holder of the Startup visa in the UK, you will be entitled to do the following:
Start-up visa holders cannot, however:
Successful applicants will receive a complete list of what they do and don’t have the right to do as a holder of this visa.
What are the Requirements for a Start-up Visa?
In order to qualify for a Start-up visa you will need to satisfy UK Visas and Immigration the:
In regards to supporting yourself while in the UK, you are required to have had a minimum of £1,270 in your bank account for 28 consecutive days, prior to submitting your application. You will also be subject to this requirement if you have spent less than a year in the UK and are applying to switch to the Start-up visa.
Endorsement Criteria for a UK Start-Up Visa:
In order for your business proposal to be endorsed, and approved by the endorsing body in the UK, you will need to be satisfied that your business idea meets all of the criteria.
This endorsement process will entail you presenting a detailed business plan, which the Endorsing Body will assess – alongside any supporting documentation –to consider whether your business or business idea satisfies the below criteria:
The endorsing body will also need to be satisfied that you will spend the majority of your working time in the UK on developing business ventures.
At e-lhr, we have an impressive UK Start-up visa success rate, which is largely attributable to the sheer comprehensiveness of our services for clients seeking this visa. We project manage all of our client’s cases from start to finish, to help ensure both financial predictability for our clients and a positive outcome from their application.
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