The UK start-up Visa is the best option to migrate to the UK to establish a business there. Start-Up Visa to the UK is a successor of Tier 1 visa.
UK Start-Up Visa and UK Innovator Visa have been launched at the same time. These Visas gradually pave your way to the UK and the subsequent settlement there.
These Visas do not follow the Point Based Immigration System and will replace them soon. You must be thinking about whether you are eligible to apply for this Visa.
Here’s a quick check whether you qualify for this Visa or not:
Non-EEA residents can apply for the UK Start-up Visa to run a successful business in the UK. However, their application would be subjected to the perusal of an authorizing agency.
If you want to know about the authorizing agency you should visit the official website of the Home Office. The Home Office list has the names of prominent business organizations and educational institutions that are known to support immigrant entrepreneurs in the UK.
How does the Start-up Visa to the UK function?
The successful candidates are allowed to stay in the UK for two years. You cannot extend your stay under this Visa after two years. However, the time spent in the UK under the aegis of Graduate Entrepreneur Tier 1 Visa will also be considered.
The Start-up Visa also doesn’t lead to an ILR- Indefinite leave to remain in the UK. However, you can always get transitioned to the Innovator Visa because the Innovator Visa has an ILR.
The Home Secretary announced in June 2018 that Start-up Visa to the UK would eventually expand, welcoming more and more talented entrepreneurs.
How does the process work?
As has already been mentioned above, to qualify for this Visa, you need to get formally endorsed by an endorsing body.
Why should you endorse it?
The endorsement will expedite the process of Visa Approval and makes it smoother for talented entrepreneurs to land in the UK faster.
This process will also enhance the speed of processing the Visa and makes it smoother for entrepreneurs to come to the UK.
Eligibility conditions for the Start-up Visa
The candidate has to be eighteen years old.
- Should demonstrate B2 Level Proficiency in English as spelled out in the CEFR
- If you already live in the UK having satisfied this category, you will be declared exempt from the process.
- You should be able to meet your expenses in the UK. To this effect, you need to show GBP 945 (another currency that should equate to this amount) in your bank account before you obtain this Visa.
The Visa decision is made in three weeks, and you can apply within three months.
The Application Fee
You need to pay GBP 363 as the application fee.
Start-Up Visa Extension
You cannot extend this Visa. However, you can apply for an extension through an innovator Visa after fulfilling the mandatory criteria.
What are the benefits of the Start-Up UK Visa?
Dependents can accompany you on this Visa
- Partner or Spouse fall under the category of dependents
- The biggest benefit of this Visa is that investor requirements are not there
- There is no need to show any UK employer too
To understand the subtleties of this Visa, approach VisaMint Overseas Services and speeding up your processes to immigrate to the UK.