Startup UK Visa: How Will Brexit Impact Businesses
Startup UK Visa : The UK has a fertile business environment and a very accessible Startup UK visa, which allows foreign entrepreneurs to reside in the country for up to two years, and subsequently explore options to extend their stay. Since the UK is Europe’s financial hub, Brexit will impact the startup ecosystem, but this will not decrease the viability of doing business in the UK.
The most significant impact will be on recruiting talent to perform critical roles in the startup. Businesses in the UK can no longer freely recruit employees from the rest of the European Union. Now, EU workers will be treated at par with foreign workers from the rest of the world. They will have to secure work visas and be sponsored by a UK employer. In this sense, founders who set up a business with an Entrepreneurship Visa UK will have a smaller pool of local workers to choose from.
However, the UK workforce is highly skilled and competent – so this is not a significant hurdle. It will be easy to find qualified people to power the startup. While UK-based startups may find it more challenging to engage investors from across the EU, this will not make a difference for those planning to apply for the Startup Visa. They anyway have to secure the endorsement of an approved authorization within the EU UK. So, despite Brexit, getting a Startup Visa in the UK is still a rewarding prospect that offers high returns.
To seek the guidance of seasoned consultants and identify profitable sectors for starting-up in the UK, with assistance throughout the Startup UK Visa procedure, contact 8595338595 or [email protected].