The Tier 1 Start Up Visa is only for applicants that will start their first business in the UK. The advantage of this visa is that no investment fund is required. However, the applicant must be endorsed by an authorised body to gain the Tier 1 Start Up Visa.
- Must apply for Endorsement letter by an authorised endorsing body before starting their application for Tier 1 Start Up Visa;
- Must be at least 18 years old;
- Must have their personal saving to proof that they can support themselves during their time in the UK;
- Must meet an English Language requirement.
This visa will last 2 years but cannot be extended. However, if you wish to continue working on your business, you can switch to a Tier 1 Innovator visa after one year. You will have to obtain an endorsement letter, which will consider three criteria:
- Innovation: New or creative idea that will generate a new market and bring UK economy growth;
- Viability: Skills, knowledge, experience and market awareness to successfully run the business;
- Scalability: Evidence of structured planning and of potential for job creation and growth into national and international markets.
The Home office authorises companies which can grant an endorsement letter, and this letter must be dated within three months of the date of the immigration application. You can apply for this visa 3 months before you travel and should have a decision within 3 weeks. For applications submitted in the UK can take 8-12 weeks. It is possible to request a Priority Service, which should take 10-15 days dependi
Why Choose Us:
The AIH is considered the international ‘gold standard’ for business investment and will meet your aims of owning and managing a successful enterprise and migrating to the UK.
Our dedicated advisors will assist with:
- Connecting the entrepreneur with businesses to help set up the business plan
- Negotiate the terms of investment and close the deal
- Assist in compliance with UK Home Office Guidelines for innovation, viability and scalability
- Preparation of a due diligence report to support the endorsement application
- Providing real time estimates of turnover and profit
- Introducing improvements to data sources producing a more coherent measure of business activity.
- Model your valuation and decide how much equity to give away
- A dedicated lawyer to advise on the investment contracts
- Preparation of your business plan
- Opening a UL bank account and investment account
- Residential property purchases
- Applications for SEIS & EIS advance assurance
- Help you avoid common mistakes
Find Out More
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