UK Endorsing bodies provide their clients with the following services. Based on Our experiences some of them are better than others
1. Inelectual Property Support
UKSTARTUPVISA.UK
2. Business Routine Processes Support
3. Fund raising Support for the grown businesses
4. Training and educational support
What is a UK Endorsing Bodies?
As we all know, the innovative immigration from 50,000 pounds is to replace the 200,000-pound entrepreneur immigrant visa; and a new role has been added to this change: Endorsing Body (endorsing body).
According to Appendix W of the Immigration Regulations, both the Start-up visa and the Innovator visa need to be endorsed by a trusted institution in the UK. In short, it is necessary to obtain the “endorsement letter (guarantee letter)” from these institutions before being eligible to apply for a visa to the Ministry of Home Affairs.
According to the interpretation and requirements of the British Home Office, the screening and conditions of endorsement institutions are very strict. Generally speaking, these institutions must adhere to the principles of developing the British economy, creating employment for local residents, and supporting innovation and entrepreneurship.
How do endorsing institutions play a central role?
In the latest Home Office bill for Endorsing Body (endorsing body), there is a clear definition of its responsibilities: “As an endorsing body, issuing endorsements based on this Act can have its own evaluation criteria; keep in touch for the next 3 years. (6, 12, 24-month node review) to guide and supervise enterprises and applicants.” Therefore, we can analyze that endorsement agencies play the following three roles:
Threshold: The endorsement agency is the most critical and important threshold established by the UK Home Office for investors. If an applicant wants to be eligible for an innovative immigrant visa, he must first obtain the endorsement agency’s approval. According to the relevant requirements of the Immigration Bureau, the core information of the start-up visa is the endorsement agency and the endorsement letter given by them.
Review: Letter of endorsement means a letter of assurance or guarantee for the applicant. As it is an entrepreneurial immigrant visa, the applicant’s business idea is particularly important; the endorsement agency will evaluate the applicant’s innovative, feasible and scalable business idea. Of course, on this basis, endorsement agencies can also have their own ideas and more detailed standards for their own experience. After the applicant’s proposal meets the standard requirements, an endorsement letter can be provided to the applicant.
Continuous tracking: After the applicant is recognized by the endorsement agency, it is not done once and for all. Each letter of guarantee is valid for 3 months. If the investor wants to continue to apply for a green card, after obtaining the letter of guarantee, the investor still needs to maintain contact with the endorsement agency, and accept regular tracking and review with the endorsement agency. Such as business operation, progress, profitability, etc. At the same time, endorsement agencies will also provide personalized development support services for enterprises.
Judging from the published New Deal data of 0 visa refusals, the British Ministry of Home Affairs has introduced a more professional, efficient and designated endorsement agency to evaluate the investor’s business plan. From the results, it not only mobilized excellent resources in the market, but also helped the British small and medium-sized enterprises. Enterprise development is escorted, and it also helps immigrant applicants to reduce investment risks. This is a win-win for the UK government, market and applicants.
What services do endorsers provide?
1) Provide expert one-to-one guidance service
Provide industry experience in supporting innovative high-growth businesses, helping companies identify business scope, formulate strategic goals, and bring further development and support.
2) Provide intermediary business related support
Develop and monitor strategic goals to provide businesses and innovators/investors with the highest chance of success.
3) Provide comprehensive support for core business
Ensuring that innovators/investors are on track and meeting Home Office conditions to settle in the UK.
4) Optional individual customized service
Where the business falls short, help understand the root cause and develop remedial actions (either within the business or through other support) to help the business get back on track.
5) Assist institutional or private investors to raise funds
Provides investors with access to a broad network of subject matter and industry experts who can bring additional capabilities to the business when needed.
6) Assist in foreign exchange currency management
Always provide customers with support in on-site decision-making as a “key friend”, and contact professional suppliers for customers through agents.
7) Provide professional and technical research and development support
Provide customers with a wide range of flexible options, from simple Skype meetings to more services when and where they need it.
8) Intellectual Property Support
Assist in intellectual property review, registration and other services.
In addition: According to the latest endorsement agency bill of the Immigration Bureau, endorsement agencies can provide the above services for the endorsed enterprises according to their own conditions, and charge according to the content of the services.
