UK Start-up Visa
The UK Start-up visa is for individuals who are new entrepreneurs and want to establish a business in the UK for the first time. You do not need to be a graduate or have secured any initial funding. However, you will need to have an innovative, viable and scalable business idea which has been approved by an endorsing body.
Start-up visas are one-off visas, valid for 2 years and the category does not lead directly to settlement in the UK. However, UK Start-up visa holders may extend their stay in the Innovator visa category and qualify for ILR three years later. UK Start-up visa applicants can bring their partner and any children under the age of 18 to the UK.
Requirements for a UK Start-up visa
In order to qualify for a UK Start-up visa you will need to satisfy UK Visas and Immigration that:
Investment funds requirement for a UK Start-up visa
UK Start-up visa applicants do not need any funds to invest in their business. However, the requirement to have a ‘viable’ and ‘scalable’ business idea means that, in practice, you may need to have funds available to invest. Some endorsing bodies require a certain level of funding as a condition of endorsement.
Endorsement criteria for a UK Start-up visa
In order for your business proposal to be endorsed, an approved endorsing body will need to be satisfied that your business idea meets all of the following criteria:
The endorsing body will also need to be satisfied that you will spend the majority of your working time in the UK on developing business ventures.
If your application to be endorsed by a UK Start-up visa endorsing body is approved, you will be issued with a UK Start-up visa endorsement letter. This letter must be submitted as part of your Start-up visa application. The Immigration Rules contain strict requirements in terms of the information that must be included in a Start-up visa endorsement letter. Advice from an immigration lawyer will ensure that your endorsement letter satisfies the requirements of the rules.