The Start-up Visa Programme by the United Kingdom is for people who are budding entrepreneurs looking to establish a new business or company. You don’t have to be a full-time graduate or secure any funding initially. However, one has to be innovative, scalable, and visible with a business idea. Moreover, the idea needs to be approved by any endorsing body willing to make an investment.
Start-up visa programmes are one-off visa types that are valid for a couple of years, and such a category doesn’t result in a settlement in the United Kingdom. But, people enrolled in the Start-up visa programme can extend their stay under the Innovator visa and then qualify for ILR around three years later. Besides, successful visa holders can bring their children and partner. Children have to be under 18 years of age.
This visa category is ideal for early-stage, potential entrepreneurs looking to commence and set up their businesses or companies in the United Kingdom. Usually, these visa applicants should not have their business in the country. One of the only exceptions in this situation is when the applicant has been granted a specific leave amid Tier 1 or Start-up categories. Only then can you apply for such a programme without having to think much.
To qualify for the Start-up visa programme, an applicant has to satisfy UK Immigration and Visas. Some of the requirements are mentioned below.
Is there any investment required under the Start-up visa programme?
Start-up visa programme applicants don’t need funds to invest in their companies. However, the need to have a ‘scalable’ and ‘viable’ business idea will be all. Moreover, specific endorsing bodies may require some level of funding as their condition of investing or endorsement.
Where can an applicant find out about visa endorsing bodies?
The Home Office has a list of endorsing bodies published for visa applicants. The list also contains various names of companies that are approved by the state and links to websites. Moreover, you can find the criteria for reaching out to these bodies through the details mentioned on the list.
Which endorsing body should an applicant apply with?
A suitable endorsing body for an application may depend on individual requirements, like the industry in which your company will operate, your application timings, your business base, and the support your business may require.
Can an applicant switch to the Start-up visa programme category?
Applications can be made from outside the region as well for such a category. However, it is also possible for an applicant to switch to this category while staying in the United Kingdom. It depends on when you were granted the leave to remain under the Tier 1 Graduate programme, Tier 2 ICT Skilled Worker or Tier 2 General.
Can visa applicants under this programme join another existing business?
No, such a visa category is for people who are willing to establish a new company or business in the United Kingdom for the very first time.
Can an applicant apply for this visa programme as part of a team?
One does not have to be the company’s sole founder or a member of the start-up team. However, every applicant should receive endorsement from approved endorsing bodies listed by the Home Office in the United Kingdom.
How long is this Start-up visa programme valid for?
Your Start-up visa programme is valid for a couple of years unless you were granted leave under the Tier 1 Graduate programme. In this case, an applicant may be granted leave for a specific period that may take them to a maximum limit of two years.
Can the applicant extend their Start-up visa programme and apply for indefinite leave to remain?
These visa holders can’t extend or settle down in the United Kingdom. However, towards the end of the programme, you can get an extension under the innovator visa category.
Does this Start-up visa programme come with a residence requirement?
As someone who has enrolled in a Start-up visa programme, you are not required to spend or stay for any particular amount of time. But, the endorsing body that has endorsed your startup needs to be satisfied if you are going to develop the venture in the proper manner.
Will an applicant be able to pick various other work opportunities?
Start-up visa programme holders can undertake employment other than working through the business they established initially. However, the endorsing body has to be satisfied with your work continuation and require demonstrated progress concerning either your new or original idea. If you have successfully adhered to all these requirements, you are good to go.
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