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What is the UK startup visa?

One of the ways to change the visa for international students in England after completing their studies is to get a UK startup visa. Also, people outside the UK can apply for a UK startup visa under specified conditions and upon approval by certain institutions in this country. The UK startup visa, which has replaced the entrepreneur visa since 2019, is an opportunity for international graduates who want to implement their entrepreneurial skills and business ideas in the form of a startup by setting up an innovative business in the UK. It should be noted that the entrepreneurship visa is separate from the startup visa and is offered under different conditions.

Conditions for obtaining UK startup visa

  • Have recently graduated from British universities
  • Have a new and creative idea
  • Accreditation from UK universities or a trade organization that supports UK entrepreneurs

Financial requirements for obtaining UK startup visa

  • If the startup visa applicant is applying for a residence permit and has lived in the UK for 12 months or more with a permit on the date of filing the application, the financial conditions are considered fulfilled and there is no need to prove financial means.
  • If the applicant registers her application before entering the UK or has been in the UK for less than 12 months on the date of filing the UK startup visa application, must have a budget of at least £ 1,270.

Necessary features for a business plan with the aim of obtaining a UK startup visa

-The applicant has a real and original business plan that meets the needs of the new or existing market and creates a competitive advantage.

-The applicant’s business plan should be realistic and achievable based on the applicant’s available resources.

-The applicant has the skills, knowledge, experience and market awareness necessary to successfully run the business or is actively pursuing personal development and training.

-There is evidence of structured planning and the potential for job creation and growth in UK national markets for the proposed business plan.

All the above cases will be reviewed and analyzed by the approving body, and if approved by the desired body, the probability of success in issuing a UK startup visa will be very high.

Please contact our colleagues and lawyers for more information and free consultation.

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