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UK Startup Visa

Uk Start Up Visa

Tier 1 Graduate Entrepreneur visa

Substituted by Tier 1 Graduate Entrepreneur visa, the UK Start-up visa is a new category of UK business visa that is designed especially for early-stage but high potential entrepreneurs looking to start a business in the UK for the first time. This visa category was introduced to ensure that UK becomes home to some of the best global talent from all over the world maintain the position of UK as the leading destination in the world in terms of innovation and entrepreneurs.

UK Startup Visa

  • It attracts young and talented businesspeople to come and start a new business in UK
  • This move will in turn amp up the productivity levels and inject more growth and development in to the economy of UK in the longer run.
  • This will then lead to more and more employment opportunities for skilled and ambitious workers both overseas as well as on a local level.
  • The UK economy has been fueled by the new start-up culture.
  • Start-ups are well known for creating new employment opportunities for overseas as well as local workers.
  • Much of innovation hub client companies are part of industry clusters that comprise of nearly 12 percent of UK GDP and nearly 2 million
  • The economy of UK is mainly dominated by services industry.
  • As per Corruption Perceptions Index, UK is ranked as one of the least corrupt countries in the world.
  • Start-ups are the reason behind the revival of many UK industries.
  • Much of the innovation and progress in UK economy is determined by advent of these start-ups.
  • Strong infrastructure and a sturdy taxation system is what make UK such a promising startup destination.
  • Ease and viability of conducting business in UK makes it such a lucrative destination for business pursuits.
  • The best part about exploring business opportunities in UK is the sheer creativity and openness with which they accept.

UK START-UP VISA ELIGIBILITY REQUIREMENTS

  • Prior to applying for this visa, you are required to have your business or Business idea evaluated by an approved body.
  • You will be given an endorsement letter stating whether your proposed business or business idea is viable or not.
  • Aspirant must be a minimum of 18 years of age
  • Must meet the English language requirements. You can do this by passing an approved English test with a minimum of CEFR level B2 in reading, writing, speaking and listening. Also, you need to have an academic qualification that was taught in English and recognized by UK NARIC, as it is equal to a UK bachelor’s degree, master’s degree or even PhD.
  • Personal funds to support yourself while you are in UK. You must have a at least £945 in your bank account for 90 consecutive days before applying for this visa.
  • Must be endorsed by an authorized body which is either an UK higher education institution or a business organization with a history of backing up UK entrepreneurs.

UK STARTUP VISA DOCUMENTATION REQUIRED

  • An endorsement letter from an approved body of UK
  • An existing passport or other valid travel identification
  • Bank statements which prove that you’ve had a minimum amount £945 in savings in your bank account for a duration of 90 consecutive days prior to which you apply.
  • Your tuberculosis test results if you are coming from a country which is undertaking these tests
  • Showcase that you have proficiency in English language
  • Also, a certified translation of any document which is not English or Welsh

UK STARTUP VISA PROCESSING TIME & FEES

  • If you are applying from outside UK you will be required to pay £363 as processing fees, but if you are switching within UK then you will be required to pay £493
  • If you have dependents along with you then you will be required to pay £363 each person, if you are applying from outside UK and if you are applying for dependents within UK itself then you will need to pay £493 each person.
  • The earliest you can apply for this visa is three months prior to your travel. For example, you must apply in advance from 16th March, if you have planned to travel on 15th

 

HOW CAN ABHINAV HELP YOU?

With more than 29 years of experience in immigration consultancy, Abhinav Immigration Services provide a detailed bouquet of services for all UK Start-Up Visa applications.

With a dedicated Business Immigration division supported by a team of dedicated and experienced Immigration Specialists, business associates – specializing in Start-up programs – in UK as well as services of an RCIC Member. Also, we take pride in processing every application meticulously in accordance to all the related guidelines and norms. Below is our exclusive Immigration consulting services for UK Start-up Visa Program:

  • Provide thorough assessment of proposed UK business venture in UK.
  • Provide consultancy in areas related to development and preparation of idea pitch-deck including Business plan.
  • Guidance on areas of importance in dealing with the identified designated authority and where required dealing with such an agency through an authorized representative.
  • Assistance in compiling the Application package, including the preparation and submission of application with appropriate agencies and completing requirements related to UK PR Visa.

To know more about the Business Visa UK, you can write us on  [email protected]  and our expert team of experts will get in touch with you to resolve your queries. You can even give us a ring on (+91) 859 533 8595 or directly interact with our expert Visa Consultants through our Live Chat window.

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