Business Immigration, Latest, Osbourne Pinner

How much Investment You need for the UK Startup Visa?

The UK startup visa is a new immigration route opened for young entrepreneurs from outside the European Economic Area and Switzerland to establish a new business in the UK. Replacing the earlier tier 1 graduate entrepreneur visa allows even non-graduate applicants to enter the UK and set up their businesses without any initial funding. The home office specifies that the business idea must be innovative, viable, and scalable and has been approved by an endorsing body.


Who is the Startup Visa Suitable for?


The UK startup visa is suitable for early-stage, high-potential entrepreneurs who are looking to establish a business in the UK for the first time. UK Start up visa applicants need not show any minimum funding requirements to apply under this route. They, however, will have to get approved by an endorsing body stating that their business idea is competitive and good for the UK economy. It is important to seek legal guidance from immigration solicitors London to understand the suitability of the startup immigration route and apply under the correct start up and innovator visa category based on your eligibility.


Startup Visa Requirements


Some of the key requirements for applying to the UK startup visa are:


  • Letter of UK start up visa endorsement from an authorised body declaring that the business idea is viable and innovative.
  • Applicants must fulfil the English language requirements to live and work in the UK.
  • Applicants must meet the maintenance requirement of a minimum of 945 pounds in their bank account for 90 days consecutively prior to the date of application.

Fulfilling the eligibility criteria set by the home office can be overwhelming. Hence, it is advised to take the professional help of immigration solicitors London to beat the work.


Visa Application Fees


The application fees under the startup immigration route depend on the situation and where the applicant is applying.

Who you are applying for

Applying outside the UK

Switching inside the UK

Yourself

363 pounds

493 pounds

Spouse/partner or children

363 pounds per person

493 pounds per person


You can make the payment for each person as applicable at the same time as you or when they apply later to join you in the UK.


How to Apply?


You can apply for the start-up and innovator visa online by yourself or with the guidance of immigration solicitors London. Depending on your situation, you can apply in either way:


  • From outside the UK when coming to the UK for the first time.
  • From within the UK when switching from a different visa category.

Get Experienced Lawyers for Startup Visa Application at Osbourne Pinner


We have a team of experienced lawyers that specialise in immigration laws and offer visa consultancy services for all visa types allowing foreign nationals to migrate to the UK. We provide professional legal consultations to entrepreneurs and investors of high potential and promise and help them settle in the UK. We provide end-to-end assistance with the UK startup visa.


Contact our immigration solicitors London with your visa query.

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