Since 29 March 2019, the new Tier 1 Start Up Visa will replace the old Tier 1 Graduate entrepreneur visa. This visa is only for applicants that will start their first business in the UK. The advantage of gaining 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.
- The applicant must apply for Endorsement letter by an authorised endorsing body before starting their application for Tier 1 Start Up Visa;
- The applicant must be at least 18 years old;
- The applicant must have their personal saving to proof that they can support themselves during their time in the UK;
- The English Language requirement must be met.
The visa will last 2 years and cannot be extended. However, you can switch to a Tier 1 Innovator visa after one year to continue working on your business. 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.
Only chosen companies authorised by the Home Office can generate the endorsement letter to the applicant. The 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 depending on the complexity, your personal circumstances and how busy the service is.
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
10 Reasons to Invest in London
The Types of Business in the UK
Child, Maternity and Retirement Benefits after Settlement in the UK
