Start Up Visa
This new route is to open on 29 March 2019 for people seeking to establish a business in the UK for the first time. This new category replaces the existing Tier 1 Graduate Entrepreneur category.
A key requirement is for the applicant to have an innovative, viable and scalable business idea which is supported by an endorsing body. The endorsements of applicants will be handled by reputable UK organisations, such as higher educational establishments, business accelerators, seed competitions and government departments. These bodies will assess the viability, scalability and innovation of the business idea.
What are the eligibility requirements for a Start-up visa?
In order to qualify for a Start-up visa you will need to demonstrate that:
Although there are no requirements of investment funds it is worth bearing in mind that the Home Office will want to satisfied that you intend to, and are capable of establishing a viable business in the UK.
There is no requirement to be a graduate and you are able to apply as a Sole founder or Entrepreneurial team. Your partner or children may accompany you or may apply for further leave as a dependent from within the UK.
How long is the visa granted and how do I extend it?
Your Start up visa will be valid for 2 years unless you have previously been granted leave as a Tier 1 Graduate Entrepreneur.
It is not possible to extend a Start up visa and it does not lead to settlement, however, once you reach the end of your 2 years you can apply for further leave to remain within the Innovator category to continue developing your business. The Innovator visa can then lead to settlement once a further 3 years have passed.
An applicant may also be able to switch to this category if they already hold leave to remain in the UK in one of the following categories:
What are the Endorsement criteria?
The Home Office are yet to publish a list of Endorsing bodies, however, you will be required to stay in contact with your endorsing body with checkpoints at 6 and 12 months. The endorsing body will need to be satisfied that you are continuing to work on your business venture and have demonstrated reasonable progress in relation to either your original or a new business idea. Your endorsement may be withdrawn and your leave curtailed if this is not the case.
Your letter of Endorsement must confirm all of the following:
What is considered when deciding on the applicant's credibility?
How can we help?
We will use our expertise and experience to assist you with your start up business and handle your full application process on your behalf, understanding and meeting the needs of our clients to ensure a professional and reliable service is constantly provided to clients.
The services we offer:
Call us on 0207 887 1916 or alternatively email email@example.com
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