9. Governmental Fees for UK startup Visa
The main fees are, Visa Fee (378£), Endorsment charges and Insurance health surcharge (1248£) that should be paid to the related bodies.
The main fees are, Visa Fee (378£), Endorsment charges and Insurance health surcharge (1248£) that should be paid to the related bodies.
You might be able to apply to change (‘switch’) to a Start-up visa if you’re already in the UK on a different type of visa. Your partner or children will need to apply separately to switch their visa. They can either apply at the same time as you, or at any time before their current visa expires.
The old UK Start-up visa endorsing-body list is historical. Check the current GOV.UK list for new Innovator Founder applications.
Assess a founder-led idea against current innovation, viability and scalability criteria, without relying on an old points table.
There is no blanket £50,000 rule for the current route, but a new business must show adequate funding to its endorsing body.
The UK Start-up visa is closed to new applicants. Review the current Innovator Founder eligibility rules on GOV.UK.
1️⃣ Providing the Documents Needed (Listed Below)
2️⃣ Preparation of a Business Plan and a Financial Projection for the next 5 years
3️⃣ Getting Endorsed By an Endorsing Body
4️⃣ Filling the Online Application
The general criteria are:
1. You are at least 18 years old;
2. You have not previously established a business in the UK
3. You have been endorsed by an approved UK endorsing body
4. You are competent in the English language to at least CEFR Level B2 (equivalent to IELTS 5)
The UK Start Up visa is aimed at ambitious entrepreneurs looking to set up their first business in Britain. Replacing the Tier 1 (Graduate Entrepreneur) visa, the Start Up route is open to both graduates and non-graduates, and no initial funding is needed to be eligible.