Startup and Innovator visa suits individuals seeking to set up and establish a new and innovative business in the UK.
The UK Startup visa is for individuals seeking to set up and establish a new business in the UK. These individuals will generally be new entrepreneurs without a business track record. There are no requirements to invest or secure any funding for the company at the initial startup stage. The UK Startup visa category is suitable for early-stage but high-potential entrepreneurs looking to start a business in the UK for the first time. A Home Office-approved endorsing body must approve your business idea before applying for your visa.
Applicants are expected to present a new business idea. Generally, the business will not already exist. However, where it does, the new business should not have started trading yet. Applicants can work independently as a sole founder or as part of an entrepreneurial team. Joint venture arrangements may also be acceptable.
Applicants can develop other businesses as well as their main business idea. The business idea may relate to any sector, provided the business idea is sufficiently innovative, viable and scalable. For example, the restriction on companies mainly engaged in property development under the previous Tier 1 Entrepreneur category does not apply.
To qualify for this route, the following information and criteria will need to be assessed.
Getting a Startup or Innovator visa is a two-stage process. Step One; Application to the endorsing body. Step 2; Application to the Home Office. Both stages require careful navigation, planning, expert guidance, and preparation. Excellum Legal Immigration Lawyers have a wealth of experience preparing applications to the relevant endorsing bodies and the Home Office.
We have successfully assisted countless clients on their journey from a business idea to full approval. Contact our team today to gain a detailed understanding of how we can assist you.