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United Kingdom (UK)

uk residency by investment

UK Visit Visa from Dubai

The United Kingdom is considered to be a highly developed country in terms of international economic, scientific, political, and cultural influence.

There are various programs offered by UK for individuals to establish their business and further apply for UK Residency by Investment through UK Innovator Visa Program or a Start Up Visa followed by UK Passport.

UK Innovator Visa - UK Law Firm in Dubai

UK Innovator Visa is for individuals who have an innovative idea and want to establish the business in UK and get a chance to apply for UK Residency by Investment Visa.

Program Highlights
  • You must have at least £50,000 in investment funds if you want to set up a new business
  • You do not need funds if your business is already established and has been endorsed for an earlier visa
  • You can apply to extend for another 3 years when your visa is due to expire. There’s no limit on the number of times you can extend
  • You may be able to apply for settlement (known as ‘indefinite leave to remain’) once you’ve been in the UK for 3 years
  • Your funding can come from any source
  • You do not need any investment funds if your business is already established and has been endorsed for an earlier visa
  • You can form a team with other Innovator applicants, but you cannot share the same investment funds
Overview of UK Innovator Visa:

You can apply for UK visa from Dubai if:

  • You want to set up or run a business in the UK
  • You’re from outside the European Economic Area (EEA) and Switzerland
  • You meet the other eligibility requirements
  • Your business or business idea has been endorsed by an approved body Getting endorsed

You must be able to show that your business idea is:

  • A new idea – you cannot join or invest in a business that is already trading
  • Viable, with potential for growth
What you can and cannot do

Do's

  • Set up a business or several businesses
  • Work for your business – this includes being employed as a director, or self-employed as a member of a business partnership
  • Bring family members with you

Dont's

  • Do any work outside your business, for example work where you’re employed by another business
  • Work as a doctor or dentist in training
  • Work as a professional sports person, for example a sports coach
  • Get public funds
Applying for Settlement:

If the applicant is making a settlement application, the endorsement letter must confirm both of the following:
1. (a) The applicant meets all of the same business endorsement criteria set out in paragraph W6.6(a)-(e).
2. (b) The applicant’s business venture meets at least two of the following requirements:
(i) At least £50,000 has been invested into the business and actively spent furthering the business plan assessed in the applicant’s previous endorsement.
(ii) The number of the business’s customers has at least doubled within the most recent 3 years and is currently higher than the mean number of customers for other UK businesses offering comparable main products or services.
(iii) The business has engaged in significant research and development activity and has applied for intellectual property protection in the UK.
(iv) The business has generated a minimum annual gross revenue of £1 million in the last full year covered by its accounts.
(v) The business is generating a minimum annual gross revenue of £500,000 in the last full year covered by its accounts, with at least £100,000 from exporting overseas.
(vi) The business has created the equivalent of at least 10 full-time jobs for resident workers.
(vii) The business has created the equivalent of at least 5 full-time jobs for resident workers, which have an average salary of at least £25,000 a year (gross pay, excluding any expenses).

Processing Time – The overall processing time for UK Innovator Visa is nearly 3-5 Months*

Requirements-

Your business proposal will be required to meet certain requirements to be able to be functional in the UK.

  • Innovation : The prospective applicant will need to showcase that they have a genuine and unique as well as original business plan which meets a new or existing market requirement, and will thus prove to be profitable to the British economy as well as their overall work force. Just keep in mind that the candidate cannot join or invest in a business which is already trading.
  • Being Viable: The applicants needs to showcase that they possess the required skill, knowledge and the know-how of the market to be able to run a business successfully in to which he has put his mind in to.
  • Scalability: One very important Innovator visa UK requirements is for the applicant to ensure the UK government that their model of business or projected business will have the ability to generate employment as well as add to the economic growth, development and progress of the UK economy on a whole.

UK Innovator Visa - UK Law Firm in Dubai

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:

  • You are at least 18 years old
  • You have not previously established a business in the UK (unless you previously held leave as a Tier 1 Graduate Entrepreneur)
  • You have been endorsed by an approved UK endorsing body that has assessed your business idea for innovation, viability and scalability and is satisfied that you will spend the majority of your working time in the UK on developing your business venture
  • Your endorsement letter was issued not more than 3 months before the date of your Start-up visa application
  • You genuinely intend to undertake, and are capable of undertaking, any work or business activity in the UK stated in your application
  • You are competent in the English language to at least CEFR Level B2 (equivalent to IELTS 5.5 in reading, writing, listening and speaking)
  • If you are outside the UK or have been in the UK for less than 12 months then you have at least £1270 to support yourself, plus £285 for a dependent partner, £315 for a first child and £200 for each additional child.
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:

  • Innovation: You have a genuine, original business plan that meets new or existing market needs and/or creates a competitive advantage
  • Viability: You have, or are actively developing, the necessary skills, knowledge, experience and market awareness to successfully run the business
  • Scalability: Your business plan has potential for job creation and growth into national markets.

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.

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