The key new requirement is that the initial applications must be endorsed by a relevant body to confirm that the business ideas are innovative, viable and scalable.
The Start-up visa is for entrepreneurs who have an innovative, viable and scalable idea to establish a business in the UK for the first time. This route is ideal for new businesses as there is no initial funding, education or experience requirements. This route was introduced by the UK government in early 2019 effectively asserting the point that the UK is ‘open for business’ and replaces the old Tier 1 Graduate Entrepreneur and Tier 1 Entrepreneur routes.
Start-up visa requirements
The Start-up category is for early-stage but high potential entrepreneurs starting a business in the UK for the first time. Applicants do not need any funds to invest in their business at this stage, and must not have previously set up a business in the UK (with some exceptions). Successful applicants are granted leave for 2 years and can also bring their family members (spouses/partners and children under 18) to the UK. Start-up visa holders will not be required to spend any particular amount of time in the UK and will be permitted to undertake employment other than working for their own business. This category offers leave for a maximum of 2 years and does not lead directly to settlement in the UK, however start up entrepreneurs may progress into the innovator category, which can lead to settlement. This route is permitted to be counted as part of the 10 year long residence settlement.
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Frequently Asked Questions
According to the Statement laid before Parliament, these reforms will be introduced in the spring and is aimed to ensure that the UK remains a world-leading destination for investment and innovation.
UK Government has announced various addition of Immigration routes and Pilot schemes in order to tackle Brexit labour shortage to ensure smooth availability of skilled labour in the UK