What is a UK Start Up Visa?

The UK Start Up Visa or entrepreneur visa UK is focused on providing an immigration route to aspiring and ambitious entrepreneurs who want to establish a new business in the UK. This new immigration category has replaced the previously famous Tier 1 (Graduate Entrepreneur) visa. The UK Start Up Visa route is available for both graduates and non-graduates and has no requirement of initial funding for eligibility. This immigration route provides a great opportunity for entrepreneurs to start their careers by establishing businesses that will benefit the British economy.

The UK Start Up visa is only available for a maximum of two years; after this period, the individual holding the entrepreneur visa UK will have to switch to another category like the Innovator visa, which will allow them to continue developing their business in the UK.

An appropriate endorsement is required to acquire this visa. With years of experience in UK immigration law, Osbourne Pinner can help you receive professional guidance to ensure correct interpretation and avoid mistakes or delays with your application. Our team of immigration experts can help you avoid issues, delays, or refusal on your application.

The Required Investment to Acquire a Start Up Visa

There is no requirement to have an initial investment fund to empower your business in the UK. Individuals having a Start Up Visa can apply for an Innovator visa after completing two years as a Start Up visa holder. The required investment of £50,000 will also be waived.

The visa is available for the following fields:

In order to become eligible to hold a UK Start Up visa, you will need to satisfy the following requirements:

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Endorsing Bodies for the UK Start-Up Visa

The British government has released a list of recognised and authorised bodies and organised that can provide endorsement to the Start-Up Visa applicants. This list of endorsing bodies consists of links to their websites, details of their application process, and criteria.

You can contact us to get a complete list of authorised UK start-up visa endorsing bodies, and we will also recommend the most suitable body for your business idea. This gives you the best-personalised advice to secure a successful endorsement for the UK Start-Up Visa.

Permanent Settlement in the UK

It is not possible to apply for permanent settlement after paying UK Sart Up visa fees in the UK if you are a Start-Up Visa holder. You can only remain in the country with a Start-Up Visa for a period of 2 years. The settlement will completely depend on the immigration route you take after the end of your Start-Up visa. You might become eligible for indefinite leave to remain under a new visa category.

If you are confused about the next immigration route, please don’t hesitate to call 0203 980 9348 to get the best advice to ensure successful indefinite leave to remain.

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Switching to the Start-Up Visa Category

Individuals can make Start-Up visa applications from outside the UK, but it is also possible to switch into Start-Up visa category from within the UK.

Applying as a Team

It is not necessary that you have to be the sole founder of a business. In fact, you can be a member of a start-up team. All the members could be part of the same start-up visa business plan. However, each team member has to receive their own individual endorsement from an authorised body.

Start-Up Visa Endorsement Letter

If your application gets approved by an authorised endorsement body, you will be issued a Start-Up visa endorsement letter. This letter should be submitted along with your Start-Up Visa application. An immigration lawyer like us can ensure that your endorsement letter fulfils the requirements of the immigration rules and UK Start-Up visa fees.

Start-Up Visa Process

The process to acquire the Start-Up visa can be split into three stages;

Stage 1: Business Proposal

This is the first stage where the applicant is required to ensure an effective business proposal that needs the Home Office requirements. Our team of dedicated solicitors will be helping you to determine whether the start-up visa business plan is suitable or not with supporting documentation. This gives you the chance to devise the plan and come up with new creative aspects. The following are the requirements for your business proposal;

Innovation

The start-up visa business plan must be original and innovative that will meet the UK’s new or existing market demand. It should give you a competitive advantage.

Viability

You must have adequate knowledge, skills, and experience to run the proposed business successfully

Scalability

You must give proper evidence that your proposed business has future growth aspects, the scope of job creation, and adequate infrastructure to function.

Investment

It is not necessary to have secured an initial investment for the business, but a company without any investment is considered less viable.

Stage 2: Endorsement

It is important for your business to receive an endorsement letter from UK start-up visa endorsing bodies to start your application for the UK Start-Up Visa. This endorsing body is responsible for reviewing your business proposal and its various aspects to finally decide whether it meets the requirements and ensure that you have not previously started a business in the UK.

Our experienced solicitors in business immigration will help you through the endorsement stage by drafting an application that clearly defines your skills and merits to match the most suitable endorsement body. The Home Office regularly updates the full list of authorised UK start-up visa endorsing bodies on the Gov.UK website. This list mainly consists of business organisations and UK higher education institutions that support aspiring entrepreneurs in the UK.

After receiving approval, the endorsement body will contact you. However, if they do not acknowledge your application, then they will report to the Home Office informing you that you have not met the necessary requirements for the endorsement. The visa process might stop if the endorsement body withdraws your endorsement or losses its authority as an approved endorsing body.

Stage 3 – Credibility

You will be given an invitation to attend the credibility interview to ensure that your business is legit and will operate lawfully. You have to prove to the Home Office that you;

What You Can and Cannot with a Start-Up Visa?

The processing of acquiring the UK Global Talent Visa can be divided into two stages:

This is the first stage where the applicant is required to ensure an effective business proposal that needs the Home Office requirements. Our team of dedicated solicitors will be helping you to determine whether the start-up visa business plan is suitable or not with supporting documentation. This gives you the chance to devise the plan and come up with new creative aspects. The following are the requirements for your business proposal;

You Can:

You Cannot:

If you want more information related to our team of immigration law experts or fixed fee services, then give us a call on 0203 983 5080 or fill the online enquiry form.

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