The Start-Up Visa is tailored to assist talented individuals from overseas in nurturing their business ideas within the UK.
Being a graduate or having available funds is not a prerequisite for this visa. It caters to businesses in an early development stage, showcasing high potential. While applicants can have already established their business, it should not have commenced trading yet, with some exceptions.
Replacing the old Tier 1 Entrepreneur Visa, the Start-Up Visa and Innovator Visa routes are now in place. The visa is a one-time issuance and doesn’t offer an extension. However, eligible individuals might have the option to switch to the Innovator Visa category at the end of the two-year term.
As a high-value visa, the time spent under this visa contributes towards permanent settlement in the UK, also known as indefinite leave to remain (ILR).
To qualify for the Start-Up Visa, applicants must secure an endorsement from an approved endorsing body. Additionally, the business idea should exhibit innovation, viability, and scalability.
For further details on Start-Up Visa eligibility, application assistance, and the support our immigration lawyers can provide, continue reading.