The Start-up visa is essentially for new entrepreneurs who want to start up a new business in the UK. In order to set up the business, you do not need to be a graduate from university or have any initial funding. But you will need to show an innovative business idea which has been approved by an endorsing body.
A Start-up visa is fundamentally a one-off visa and is valid for a duration of 2 years. However, this visa category does not enable a person to settle in the UK. In addition, Start-up vias holders can extend their stay under the Innovator visa category and will be able to qualify for a ILR three years later. An applicant for a Start-up visa is
In addition, there are also other alternatives that a person can consider instead of the Start-up visa category. For an experienced business individual who wants to set-up a business in the UK then the Innovator visa may be more appropriate. Moreover, for a person who wants to invest in an already trading business then the Tier 1 Investor visa route would be suitable. That person who is a senior employee of an overseas business and wants to establish a commercial presence in the UK may wish to consider the Sole Representative of an Overseas Business visa. If a person wants to join an already trading business, then the Skilled Worker visa would be a good choice for them.
For a person to be entitled to a Start-up visa they will need to satisfy the following requirements:
We recommend speaking to an Immigration lawyer for expert advice in regard to the requirements that you will need to satisfy. This is because, the requirements are not the same for every person but would depend on the conditions of your individual case.
You can discuss your UK Start-up visa application with one of our expert Immigration Solicitors on 0207 100 2525
An applicant for a Start-up visa will not be required to have any funds to invest into their business. In addition, an applicant just needs to show that they have a ‘viable’ and ‘scalable’ business idea. Therefore, this does mean you will need to have funds available so that you will be able to invest into your business. It is possible that some endorsing bodies will require you to have a specific level of funding.
There are three requirements that you must ensure that your business idea satisfies, the requirements are outlined below: