The Start-up Visa route is designed to allow new Entrepreneurs to set up a new Business in the UK. This visa works in replacement of the previous Tier 1 Graduate Entrepreneur Visa. It is not necessary for the applicant to be a graduate and there is no requirement for initial level of funding for eligibility.
How it works:
In order to be eligible for this category, it is necessary to be endorsed by an organisation that is approved by the Home Office. This is the first of two stages for successful application. Only Universities or approved Business Sponsors can provide endorsement. A detailed Business plan must be submitted before an endorsement can be given. Once successfully obtaining an endorsement, the visa application can be submitted to the Home Office.
You must have at least £1270 in your bank account for 28 consecutive days before application begins as proof of your ability to support yourself.
What You Can Do:
What You Cannot Do:
You will not require any funds to invest your Business. However, in order to receive endorsement, it is likely that you will need to have funds available to invest as a way of presenting a viable Business plan. Some endorsing bodies may even require a level of funding as an endorsement eligibility.
Start-Up Visa applicants can search the Home Office publications for a list of authorised endorsing bodies. This list contains links for each endorsing body with necessary information about the entity including details of application and eligibility criteria.
This is down to your individual circumstances. We can advise and guide you according to your needs when selecting the right endorsing body for your application.
You cannot apply for a Start-Up Visa without an endorsement so it is the first step of the application process. The Home Office will explore other eligibility factors in addition to endorsement when granting the visa.
You can apply as part of a team but each member of the team must receive their own individual endorsement from an endorsing body.
Yes, but only under the condition that you are continuing to work on your own Business enough to present reasonable progress in development of your Business idea.
Once a full application has been submitted and accepted by the Home Office- you will get a decision on your visa within 3 weeks if applying from outside of the UK and 8 weeks if your applying to switch visas from inside the UK. If your country offers a Priority Service then you can apply under this route at an extra cost. Collection time is usually within 5 working days under the standard Priority Service and within 24 hours if a Super Priority Service is used.
This Visa is valid for a maximum of two years. You will have to apply to switch to another visa category as the two-year period comes to an end to develop your Business.
The Innovator Visa is intended to be the appropriate route after the initial period as a Start Up visa holder.
You can switch to the Start-up Visa if you meet the eligibility requirements and must switch to this visa before your current visa expires. You must also currently be in the UK on one of the following visas: