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.
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)
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
Anyone Who is not a citizen of the EU and has the following criteria:
1. be at least 18 years old
2. meet the English language requirement
2. be able to prove that you have enough personal savings to support yourself while you’re in the UK (1270 Pound)
for UK Startup Visa, there is no need for initial Investment / You should only invest your time in your Business Idea.
An innovative idea for UK Startup Visa must be something that’s different from anything else on the market. Your business or business idea has to be endorsed by an approved body, also known as an endorsing body.
Here you can find our selected list of UK startup Endorsing Bodies.
1 The Bakery 2 Seed Camp3 Invest orthern Ireland4 Zinc5 Deep Science ventures 6 Wayra 7 Ignite 8 Bethnal Green Ventures 9 Codebase
10 Capital Enterprise 11 Cylon 12 Tech X 13 Seed Haus 14 Med City 15 Scottish Edge 16 Royal Society Edinburgh
17 Tech Nation 18 NatWest Entrepreneur Accelerator19 Royal Bank of Scotland Entrepreneur Accelerator
20 Ulster Bank Entrepreneur Accelerator 21 Set Squared Bristol 22 Set Squared Exeter 23 Set Squared Southampton 24 Set Squared Surrey
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 main fees are, Visa Fee (378£), Endorsment charges and Insurance health surcharge (1248£) that should be paid to the related bodies.
The visa will be issued for 2 years, from the time of Issuance of the Visa.
Note: Many ask if the starting time is from the date of signing the agreement with the Endorsing body. the answer is no. From the date that your visa is issued.
UK startup visa will not provide you a residency permit but granted a two-year Visa. However, you can apply for other types of residence permits when you enter with the UK Startup Visa. If you live in the UK for five years you intend to apply for permanent status. a startup visa for the first two years, and an innovator visa for the following three years.
Every 6 months, Home Office checks your progress with Endorsing Body
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.
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.
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
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.
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.
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.
You should show at least 20 hours of involvement in each week of your activity.
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.
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.
The costs range from 350 Pound up to 10000 Pound per year per person for the services that your mentor provides to you.
Secure English Language Test (SELT)
having a GCSE, A level, Scottish National Qualification level 4 or 5,
having a degree-level scholarly capability that was shown in English
on the off chance that you concentrated abroad, you’ll have to apply for affirmation through Ecctis
Introduction of the UK startup visa, you do not need to have that initial investment in your business to be eligible for the visa and relocate to the UK. On the other hand, some businesses may not need an initial investment. for example, an innovative business that needs a mobile app development, may not need a huge investment by the main applicant who is already an app developer. But in case, you are trying to make an innovation on producing a drug for cancer prevention which needs tens of millions of Pound the home office needs to know more about the source of the fund for your innovation
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We are a brand working under the World Business Council, specifically working on the preparation of Innovative startups to be able to enter the UK market. Our ultimate goal is to provide investors with investment-ready startups.
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No worries, we find you an innovative company, with whom you can partner to get UK Residency.