Eligibility for UK Startup Visa; The following requirements must be met by all applicants in order to submit a successful application for a UK Startup visa:
1. You are older than 18 years of age.
2. You have never before opened a firm in the UK.
3- A recognized UK endorsing body has given you their endorsement.
4- You have at least CEFR Level B2 English language proficiency (equivalent to IELTS 5).
5. You must have at least £1270 to support yourself, plus £285 for a dependent partner, £315 for a first child, and £200 for each additional kid if you are a foreign national or have been been in the UK for less than a year.
You must be able to show that your business idea is innovative, viable and scalable
A business plan should outline your operation and include a market analysis, marketing strategy, and important financial data.
Innovation – The applicant must have a genuine, original business plan that is in line with new or existing market needs and/or has a competitive advantage.
Viability – The applicant is actively developing or already has the required skills, knowledge, experience and market awareness to run their business successfully.
Scalability – There needs to be evidence of structured planning and of job creation prospects as well as potential to grow into national markets.
Endorsing Bodies Factors Eligibility for UK Startup visa
- this business Idea is needed in the UK?
- does the applicant develop the skills necessary to make the proposed innovative business a success?
- does this business Idea bring anything new to pre-existing markets?
- has the applicant done enough market research?
- are there realistic, sustainable product goals in place?
- is there a long-term plan for the venture?
- will the business gain sufficient “traction” in the market?
- is there potential for growth in the UK?
Our Services for UK Startup Visa;
- qualified professional business plan
- Endorsing body support letters for a UK visa.
- Advice as to potential interview questions;
- Advice and tips on further preparation and how to improve on any weak areas;
- A 5 years Financial forecast
- Market Research and market needs and/or create a competitive advantage
- Viability, the necessary skills, knowledge, experience, and market awareness to successfully run the business
- The scalability of Your business plan has potential for job creation and growth in national markets.
