21. UK Startup Visa and UK Innovator Visa: Family Members of Applicants?
Your family members can apply at the same time as you apply and you can come with your spouse and under 18 YO children at the same time to UK.
-
-
20. How long does the UK Startup Visa process takes?
The process of polishing and preparing your business plan takes up to three weeks and the process of getting endorsed by the endorsing body will take around one month. so the process will be approximately 2 months.
After that, you sign a contract with the incubator and pass some initial qualifying courses. then the endorsing body issues the Letter of Endorsement to you. -
19. UK Startup Visa Minimum weekly Involvement
You should show at least 20 hours of involvement in each week of your activity.
-
18. Can I work in other companies on a UK Startup Visa?
Yes, you have the permit to work on any other businesses that you like at the same time that you work on your startup visa.
-
17. UK Startup Visa Cost of the services (updated for UK innovator Founder 2024)
UK startup visa cost includes 4 types of cost: the cost of our services, the cost of the Visa application fee, and the cost of endorsing the body’s mentoring fee and the health insurance surcharge.
-
16. Financial Projection Format in the UK Startup Visa
It should be a 5 year projection, based on IFRS standard.
Financial forecast refers to a hypothetical forecast of business development based on factual data. -
15. Business Plan Requirements in UK Startup Visa
Executive Summary (Business Summary, Objectives, Keys to Success, Vision, Mission, Core Values, Guilding Principles) Company Recourses Complete Market Analysis (Market Size, Market Growth, Market Definition, Market Segmentation) Strategy an Implementation Summary Management Summary SWOT Analysis Comprehensive Marketing Plan Complete Financial Plan include: Profit/loss (monthly, yearly, 3 years, 5 years) o Balance sheet (monthly, yearly, 3 years, 5 years) o Statement of cash flows (monthly, yearly, 3 years, 5 years) o Break Even Analysis o Revenue forecast model Relevant chart and graphs
-
14. UK Startup Visa Guaranteed Endorsement
Through years of our activities with the UK Startup Visa Endorsing Bodies, we can guarantee the acceptance of the businesses that pass our selection, modification, or preparation process.
-
13. Permanent Residency by the UK Startup Visa
The Start-up visa does not directly lead to ILR. However, time spent in this category does count towards the 5-year Long Residence route. Furthermore, if an applicant successfully switched from Start-up to Innovator, they could be eligible to apply for Settlement after 3 years on the Innovator visa.
-
12. UK Startup Visa Check Points
Every 6 months, Home Office checks your progress with Endorsing Body
