Establishing and launching a start-up is one of the most challenging stages in business life cycle. Thankfully, the UK government has every essential support that a young foreign entrepreneur needs. In terms of immigration, it is start-up visa that you need to apply before coming to the UK and establish your venture.

 

1. What is the Start-Up Visa?

 

Briefly speaking, Start-up visa is available to those individuals that wish to establish a business in the UK for the first time. This visa does not require you to be a graduate or have any sort of funding that is promised but the business does need to be innovative and different from anything else on the market.

 

2. Benefits of Start-Up Visa?

 

Once you have applied and been granted the Start-up visa you have the advantages that you can proceed to benefit from whilst residing in the UK. The major benefits are:

• When applying for the Start-Up visa you have the opportunity of bringing both your partner and your children alongside you as your dependents. They would have to be eligible for working in your business and working in another job.

• You can travel in and out of the UK for those 2 years that you are residing here.

• You have the option of switching over from this visa to a different one.

• You get a decision made within 3-8 weeks depending on whether the application has been received from in or outside of the United Kingdom.

 

3. What are the requirements for the Start-Up Visa?

 

In terms of standard requirements, the application of a Start-up visa requires some elements that need to be fulfilled in order for the application to be considered. The following are the current main elements that need to be satisfied:

• You need to be of the age 18 or over.

• The English language requirement needs to be met.

• Your business idea or business needs to have been assessed by an endorsed body and they need to have provided you with a certificate of endorsement.

• The certificate of endorsement must be no less than 3 months old when applying for the Start-up Visa.

 

For financial requirements, you need to have £1,270 in your bank account showing consistently for 28 days before you proceed with your application. 

 

4. What can NIDO do for you?

 

The UK Government has now permitted the new route of a Start-Up Visa replacing the old Tier 1 Entrepreneur visa. Here at NIDO we can assist you with advice on applying for the Start-up Visa. Our Immigration experts will work closely with your Endorsing Body to help and guide you through your application and assist you whilst you are bound by the rules and regulations of the Home Office and Endorsing Body.

 

You will also receive full business advice in regards to the operation of your business. We, unlike other firms, will not stop our support once your application has been granted, we will continue to offer our services throughout your time in the UK. Our expertise lies in understanding your ideas.

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5. Fee

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At NIDO, we offer a Professional Service with Resonable Costs. All of our Fees are excluding VAT where VAT is application. For Start-up Visa application, our fees are between £6,000 to £8,000.