UK Start-up Visa – Velorum Management Consultancies

UK START-UP VISA

The Start-up visa is for new entrepreneurs who want to establish a business in the UK for the first time.

You do not need to be a graduate or have secured any initial funding. However, you will need to have an innovative, viable and scalable business idea which has been approved by an endorsing body. Generally, Start-up visa applicants will not already have started setting up their business in the UK. However, where they have, the new business should not yet have started trading. Start-up visas are one-off visas, valid for 2 years and the category does not lead directly to settlement in the UK. However, Start-up visa holders may extend their stay in the Innovator visa category and qualify for indefinite leave to remain 3 years later. Start-up visa applicants can bring their partner and any children under the age of 18 to the UK.

REQUIREMENTS FOR A START-UP VISA

Initial applications for a Start-up visa In order to qualify for a Start-up visa, you will need to satisfy UK Visas and Immigration that:

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Endorsement criteria for a Start-up visa

In order for your business proposal to be endorsed, an approved endorsing body will need to be satisfied that your business idea meets all of the following criteria:

The endorsing body will also need to be satisfied that you will spend the majority of your working time in the UK on developing business ventures.