The Start Up Visa offers an excellent opportunity for entrepreneurs to start their career by pursuing a business idea in Britain that will bring wider benefit to the UK economy.
The visa is available for a maximum of two years, after which point the visa holder will either have to apply to switch to another visa category, such as the Innovator visa, where they can continue to develop their business.
The visa will only be open to those who have secured appropriate endorsement.
Professional guidance is critical to ensure correct interpretation and understanding of the new rules and what these mean in practice for securing endorsement and making a successful visa application.
With so much at stake, it’s important to ensure the Start Up visa is the most suitable route for your needs, and that you follow the application process and submit all required documentation to avoid issues, delays or even refusal of your application.
How much investment will I need to be eligible?
Applicants for the Start Up visa will not need to have secured investment funds for their venture.
In addition, should Start Up visa holders move on to apply for the Innovator Visa at the two-year mark, the investment requirement of £50,000 will be waived.
What is the Start Up visa application process?
The application process is in two stages.
Applicants will first need to secure endorsement from a university or approved business sponsor. This process will require a business plan to be developed, detailing your business idea, strategies and projections.
If approved, you can then make your visa application to the Home Office.
What are the Start Up visa requirements?
In order to make an application to the Home Office under the innovator route, you will have to show you:
Before you submit your application for a UK Spouse Visa, you need to:
- Are over 18 years of age.
- Are endorsed by an approved organisation.
- Are in regular contact with the endorsing body, at 6, 12 and 24 month intervals.
- Satisfy the English Language Requirement, Level B2.
- Already have valid UK leave under either Tier 1 Graduate Entrepreneur, Tier 2, Tier 4 (General) or as a visitor undertaking permitted activities as a prospective entrepreneur.
- Can show minimum maintenance funds of £945.
Does the Start Up visa lead to settlement?
It is only possible to stay in the UK under the Start Up category for a maximum period of 2 years. As such, this category does not lead to settlement.
Depending on the route you take at the end of your Start Up visa, you may become eligible for ILR under your new visa.
For example, should you switch from the Start Up visa to the Innovator route – the Innovator visa does lead to settlement where the individual meets the relevant requirements, including 3 continuous years residence in the UK.
Need assistance?
We are on hand to help you through the endorsement and visa application stages, making the process as smooth as possible. J & S Law Firm are experienced UK immigration specialists offering guidance and support to individuals in relation to their UK immigration status and making Home Office applications. We can advise on the eligibility criteria you will need to evidence and the process you will need to follow for your application. With over decades of experience, we always provide rock-solid support to our clients and help them achieve their goal efficiently and smoothly.