Start Up Visa

Greater London

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    What is the UK Start Up Visa?

    Foreign entrepreneurs who want to establish a business in the UK for the first time have been given a new route to do so via the Start-Up visa. Commencing on 29th March 2019, it has replaced the Tier 1 Graduate Entrepreneur visa and is the best way for professional businesspeople with proven potential to start setting up a business within the UK.


    Here at Osbourne Pinner, we’re committed to providing clear advice to help you navigate the complexities of the Start-Up visa and the UK’s immigration system, ensuring your business gets off on the right foot.


    You’ll undoubtedly be keen to get started with your business and won’t want to be held back by endless paperwork or unsuccessful applications. With numerous requirements to meet, thorough preparation is essential to meet the standards set by the Home Office. That’s why it’s crucial to have straightforward guidance to help you throughout the process.


    Osbourne Pinner can assist with everything from the initial application of the visa, right through to legal advice when handling a rejection. We have proven expertise in helping clients understand how to process their visa and arrange the correct documentation when needed.


    Don’t risk going through the process unassisted and without the correct guidance. We’re ready and waiting to achieve the outcome you need.

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    Requirements

    What is the Start Up Visa Application Process?

    In March 2019, the UK replaced the previous Tier 1 Graduate Entrepreneur visa with the ‘Start-Up’ and ‘Innovator’ visas.


    The two key introductions mean that it is now a requirement to be endorsed by an approved organisation as listed by the Home Office.


    The change was made to make the visa more inclusive to entrepreneurs worldwide and help further attract ambitious people wanting to set up businesses within the UK. In turn, it’s hoped that this will drive growth by increasing levels of productivity and creating high-paid jobs for local residents, which will benefit the economy as a whole.

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    Stage 1 – Business Proposal

    The first stage in obtaining a Start-Up visa is to ensure the business proposal is a new idea that meets the Home Office’s requirements:

    Your dedicated solicitor will be able to advise as to whether a business plan is suitable and will help with any supporting documentation. Still, it will be up to you to devise the plan and come up with any creative aspects.

    • Innovation: You must have an authentic and original business plan that meets the needs of the UK’s new or existing market, or creates a competitive advantage.

    • Viability: You must be in the process of, or already boast, the skills, knowledge and experience that is required to successfully run the proposed business.

    • Scalability: You must be able to provide evidence that the business has structure and the potential for growth, including job creation.

    • Investment: While there is no specific requirement for your business to have secured investment, they will consider a company without investment to be less viable.

    Stage 2 – Endorsement

    You then must obtain an endorsement letter from an approved body to submit with your application. The endorsing body will then review your business proposal and decide whether it meets the required tests, as well as ensuring that you have not previously established a business in the UK.


    Our solicitors will guide you through this endorsement stage by creating an application that clearly demonstrates your skills and match you with a suitable endorsement body.


    A full list of authorised organisations is published and regularly updated by the Home Office on the GOV.UK website. The list mainly includes UK higher education institutions and business organisations that have a history of supporting entrepreneurs in the UK.


    Once approved, it is the endorsing body’s responsibility to keep in contact with you. If they do not accept your application, they will be required to report to the Home Office where you have not met the requirements of the scheme. The visa may be halted if an endorsement body withdraws their endorsement or loses its status as an approved endorsing institution.

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    Stage 3 – Credibility

    You will then be invited to attend a credibility interview to ensure that your business is genuine. At this stage, you would need to prove to that Home Office that you:

    • Plan to undertake the business referred to in their application and are capable of doing. The Home Office will consider things such as your previous work experience, education and immigration history and any declarations made to other government departments (such as HMRC) regarding previous roles.

    • Do not intend to breach immigration law.

    • Intend to make sure that any money you claim is genuinely available as you have described and that you intend to use it for the purposes described in your application.

    Professional Legal

    CONSULTATION

    The first step when starting to apply for a Start-Up visa should be to speak to an expert immigration solicitor. The dedicated Osbourne Pinner team will first invite you for an initial consultation where we will work with you to review your credentials and suitability for the visa.


    We will also run through the requirements for the visa and analyse your business plan to ensure you are eligible enough to be successful when applying. This is the time where you can ask questions and explore alternative options which may be more suitable for your particular case.

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