OVERVIEW
Tier 1 Graduate Entrepreneur visa was replaced by Start-up Visa. This Visa category has been launched for individuals who aim to establish a business in the United Kingdom.
What do you need for getting Start-up visa?
You need to have a scalable, viable and innovative business plan which has been
approved by the endorsing body.
This Start-up visa is designed for potential entrepreneurs who are entering into the
business world.
If your are already doing a business in the Overseas, then you should apply for Innovator Visa which is suitable. However, if you want to invest in already established
business, then Tier 1 Investor Visa should be your choice.
If you are a Senior Administrative personnel who has been looking to establish a subsidiary in the UK then you may go for Sole Representative of an Overseas Business Visa.
What are the Requirements for UK Start-up Visa?
In order to apply for Start-up Visa, you have to satisfy UK Visas and Immigration that:
- You have no established business in the UK
- You must be 18 years old
- Your Business Plan has been endorsed by an approved body that has reviewed
- your business idea for innovation, scalability and viability.
- You may have qualified Life in the UK Test
- You are fluent in English Language with IELTS score 5.5 in writing, listening, reading and speaking.
- You must have £1,270 to support yourself.
- You genuinely undertake business activity in the UK
Endorsement letter must not be greater 3 months old at the time of Start-up Visa Application
PROCESSING TIMES
3- Weeks
What is the Validity Period of Start-up Visa?
It shall be valid for 2 years, unless you have been granted leave as a Tier 1 Graduate Entrepreneur Visa. Yes, at the end of 2 years, you will be eligible to apply for Indefinite Leave to Remain in the Innovator Visa Category.
What is important when applying for UK Start-up Visa?
You as a Start-up visa applicant, have to satisfy endorsing body by demonstrating a unique and documented business plan.
The motivation you have in this Visa Category is that you are not required to spend any specific amount of time in the UK and the UK visas and immigration authorities will permit you to go for employment options along with business which you have established.
How UK Residency would help you in Drafting the Compliant Business Plan & Interview Assessment?
UK Residency is the smart gateway to getting your UK permanent residency within short period of time. Our Brilliant UK Business Planning Managers would review your business idea and get themselves involved with one to one online meetings for designing an eloquent and exquisite Business Plan for our clients. Our Business Plan Drafting Services is exclusively made for our clients. 500+ Success stories are available who has launched their innovative businesses in the United Kingdom. Our Team has assessed their business plans and review them.
Our clients share a business idea with our Business Planner Experts, thereby we examine and review their case and respond quickly. As part of your Innovator visa application, you may be asked to provide a detailed, genuine and original business plan.
Our immigration specialists can assist you by providing a suitably qualified professional business plan writer, instruct the business plan writer on your behalf and then liaise with the plan writer to ensure that your Innovator visa business plan satisfies the requirements of the Immigration Rules. Our Business Planners thoroughly review your business plan in person as well as online as we believe in long-term client relationship other than business transactions
UK Residency is a reliable immigration consultancy firm, ensuring eligible clients a direct communication with endorsing bodies as well as we guarantee our clients transparent, smooth and timely decision of their business immigration cases. Our immigration barristers have years of experience in dealing with business visas. We guarantee our clients high rate of success and credibility
Business Proposal Criteria for UK Scale-up Visa
Innovation
You should provide an innovative and original idea which must be presented in your business plan.
Viability
You as an applicant should prove that you possesses the skill set, responsible mindset and knowledge to be demonstrated for running the business operations in the UK
Scalability
You as an applicant must have evidence to show that you are capable enough for structural planning and job creation and market growth for the UK global market along with local market
Elevator Pitch
For elevator pitch , you must hire good immigration consultancy firm which could help you in business planning and getting it approved from endorsement body which is not an easy task. You must ensure that the way you pitch your business proposal should be persuasive and compelling
Benefits
Once you get successful, you will be granted leave for 3 years and can also bring family members (spouses/partners and children under 18) to the UK.
List of Endorsing Bodies for Start-up Visa
We have published an up to-date list of endorsing bodies for Start-up visa applications. This list is based on information provided by the Home Office, which is updated periodically. Our list of endorsing bodies contains the names of all currently approved Innovator visa endorsing bodies, as well as links to their websites and, where available, details of their application process and endorsement criteria.