If you have a business idea that is genuine, innovative, and viable, you can apply for a Start-Up visa to set up your innovative business in the UK on the condition that you are endorsed by a relevant endorsing body.
Here are some most frequently asked questions about the Start-up visa:
There is a list of endorsing bodies for Start-up visa applications that have been issued by the Home Office. You can find their websites, details of their application procedure and endorsement criteria in this list. The best endorsing body for your application will be determined by your specific needs, such as what kind of support, if any, your business will require, the industry in which your business will operate, the date of your application, where you want to base your business.
Yes, you can work in jobs other than those related to the business you have started.
No, applicants for the Start-up visa do not require to invest any money in their business. However, you must keep in mind that a viable and scalable business plan may require finances ready to invest in practise.
As for your personal expenditure in the UK, you need to have had at least £1270 in your bank account for 28 consecutive days before you apply, or if you’ve been in the UK for less than a year and applying to switch to this visa.
Since Start up visa cannot be extended, Start-up visa holders are not eligible for settlement. However, at the end of the two-year period, you will be able to seek further leave to stay in the Innovator category and continue to develop your company. After another 3 years in Innovator visa, you can apply for ILR.