The Start-Up Visa was created to help bright foreigners refine their company concept and launch it in the UK.To apply for this visa, you do not need to have sufficient money or be a graduate.
Businesses with tremendous potential that are still in the early stages of growth fall under this group. While it is OK for someone to have already established their firm, it shouldn't have started operations just yet.
The Start-up Visa and the Innovator Visa pathways have taken the place of the previous Tier 1 Entrepreneur Visa.
The validity of the visa is one time only and cannot be renewed. At the conclusion of the two-year visa period, qualified applicants could be able to convert to the Innovator Visa category.This is a high-value visa, meaning that the time you spend on it can be applied towards permanent settlement (commonly known as indefinite permission to remain, or ILR) in the United Kingdom.
The possession of an endorsement from an authorised endorsing organisation is one of the main prerequisites for the Start-Up Visa.The idea's potential to exhibit creativity, viability, and scalability is another essential prerequisite.
Who are eligible for startup visa?
A popular visa category with a high qualifying bar is the Start-Up Visa. This implies that you should be ready to provide a substantial amount of proof to support your eligibility.
The following groups of people, according to UK immigration lawyers in Dubai, are qualified to apply:
- You are at least eighteen years old.
- Unless you have previously enrolled in the Tier 1 Graduate Entrepreneur path, this is your first time starting a business in the United Kingdom.
- An appropriate UK endorsing body has given you its endorsement after evaluating your company proposal for innovation, viability, and scalability.
- If your visa application is granted, you can provide evidence that you plan to spend the majority of your time in the UK working on your business. Your endorsement was stamped within the past three months on the application date.
- You possess the skills and knowledge necessary to carry out company operations connected to your proposed business concept.
- You are able to demonstrate your proficiency in English (up to the B2 level on the CEFR Scale).
- You can prove that you have the necessary money to maintain yourself on your own while residing in the UK.
Before submitting an application, it is crucial to confirm that you match the requirements as there are several for this method.
One of the main characteristics of this visa is the endorsement requirement, in addition to the previously mentioned qualifying requirements.
This is the list of endorsing bodies that are currently in effect. Your business proposal cannot be considered as part of your visa application unless one of these bodies approves it.
The Home Office states that companies are free to define their own standards for what qualifies as a really innovative business concept that meets current or potential market demands.The endorsing organisation will provide a letter if your suggestion is accepted, which you may attach to your visa application. After six, twelve, and twenty-four months, the organization will get in touch with one of the UK immigration lawyers in Dubai to assess your development in light of your business objectives.
- The following criteria will be used by endorsing bodies to evaluate your company idea:
- The company is creative, profitable, and expandable, and its goal is to be incorporated into the UK as a contributing enterprise.
- The applicant created the new company idea—which may or may not already exist or be registered—or joined the founding team as an "instrumental member" before it started making money.
Any industry is acceptable for the business, but in order to grow it, you'll need the right skills, background, and understanding of the market.
You may carry on working on a project unrelated to the core concept, but the endorsing body needs to be certain that you will have enough time to develop the business.
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