As the leading UK Visa Business Plan Writers, we are always up to date with the newest rules and changes in relation to UK Immigration Matters. As well as preparing the business plan, we can also help you with applying for the Endorsement Letter too as part of our package service.
As an Official Partner for several Tier 1 Visa Endorsement Bodies, we are now able to get pre-approved endorsements within 2-3 working days.
The Home Office recently published their Statement of Changes in relation to foreign entrepreneurs:
"The Government is clear that entrepreneurs play a key role in creating jobs and driving economic growth, which is vital to the prosperity of the UK. In June of this year, we announced a new Start-up visa route.
This will build upon the successes of the current Tier 1 (Graduate entrepreneur) route, expanding it to ensure that the UK can benefit from a wider pool of overseas talent looking to establish new businesses in the UK."
The Statement of Changes in HC 1919 makes it clear that the Tier 1 Graduate Entrepreneur route is closed to new applicants as of 6 July 2019:
For paragraphs 245F to 245FC, substitute:
“Tier 1 (Graduate Entrepreneur) Migrants
245F. This category is now closed and has been replaced by the Start-up category in Appendix W.”.
Tier 1 (Graduate Entrepreneur) applications can therefore continue to be made until 5 July 2019.
The explanatory notes say that the main features of its replacement are as follows:
The Start-up category is an expanded version of the Tier 1 (Graduate Entrepreneur) category. It is for those starting a new business for the first time in the UK. Applicants will not need to be graduates and will not need to have secured any initial funding.
Successful applicants will be granted 2 years’ leave (doubled from 1 year) and will be able to progress into the Innovator category to continue developing their businesses in the UK after that time.
HOW TO GET A UK START UP VISA ENDORSEMENT
Applicants will need to be endorsed by a trusted organisation in the UK, “such as business accelerators, seed competitions and government agencies, as well as higher education providers”.
Part W5 of the new Appendix W contains the specific requirements for a start-up visa, including who can endorse applicants for one, their monitoring responsibilities and the form of an endorsement letter. The letter must contain specified information and speak to the business’s “innovation, viability and scalability”.
Appendix W makes clear that having a start-up visa “does not lead directly to settlement in the UK”, although the person can switch onto an innovator visa. There are transitional arrangements for those already here on Tier 1 (Graduate Entrepreneur) visas to switch onto the new system.
A list of endorsing bodies can be found HERE!
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We look forward to hearing about your business!