➡️ How to apply for the Startup visa?
For UK Start-Up Visa, After receiving the endorsement letter, you can apply for the visa through the UK consulate or embassy of the UK in your country of residence. UK Start-Up Visa requires the applicant to establish a new and innovative UK-based business, which has been endorsed by a Home Office-approved body.
the UK Start-Up Visa applicant also needs to provide:
- a valid passport or other documents that shows your identity and nationality
- bank statements showing you’ve had at least £1270 in savings in your bank account for 28 consecutive days before you apply
- A document that you meet the English language requirement (5.5IELTS)
- Your tuberculosis test (infectious TB) results if you’re from a country where you have to take the test.
As a Start-Up Visa applicant, if you applied online, proved your identity, and provided your documents, you’ll usually get a decision within 3 weeks(depending on the country you live in). You are not required to book any travel before you apply or before a decision is made on your application.
Here you can find:
1. Process of UK Startup Visa
2. Documents Needed for UK Startup Visa
Other points to rememeber:
According to the UK government’s official website, successful applicants of the UK Start-Up Visa can stay in the UK for 2 years and can apply to extend their visa for another year. Once they have established their business, they may also be eligible to apply for the Innovator visa, which allows them to stay in the UK for 3 years and 4 months.
Additionally, a study by Oxford Economics in 2018 found that start-ups with at least one founder holding a Tier 1 Entrepreneur Visa (which includes the Start-Up Visa) generated £2.2 billion in sales revenue and created over 50,000 jobs in the UK. The study also found that these companies were more likely to receive private investment and were more innovative than other start-ups.
Overall, the UK Start-Up Visa offers a valuable opportunity for entrepreneurs around the world to establish their business in the UK and contribute to the country’s economy.
