uk startup visa business plan
Step 3 – Credibility The applicant must be able to persuade the Home Office that they: The applicant may be invited to attend a credibility interview. The best way to convey that potential is through a startup business plan, conveying everything that is unique and profitable about your startup. They have exceeded my expectations in every way possible during this exciting time of starting & ultimately growing my business. When will endorsing bodies for the Innovator & Start-up schemes be open to applicants? Adequate maintenance funds, which vary if applying from inside or outside the UK; The Tier 1 Visa is part of the Five Tier Points-Based System and includes a Home Office interview and scrutiny of your business plan. However, if you choose not invest £50,000 into your business straight away, then it is advisable to have a business plan that will demonstrate the viability of your business and explain how you will secure investment for your business in the future. The Startup Visa requirements have yet to be disclosed but we will keep our information updated in line with government announcements. Don't forget insurance costs or staff wages! After 3 years, Innovators can apply to extend their stay for a further 3 years or to settle permanently in the UK. Our plans are created following a three-step process, which includes a scheduled consultation where we gather details about your business idea, a short research period so we can fill in the gaps of the plan, and the formulation and creative writing of the plan itself. Having a professional, tailored business plan that showcases your innovative, UK business idea will ensure your Visa application is considered seriously. Our core principle is to achieve your business goal within your budget and to help you make the most of what you currently have. Applicants will have an innovative, viable and scalable business idea which is supported by an endorsing body. The UK Start Up visa is aimed at ambitious entrepreneurs looking to set up their first business in Britain. Start-up and the Innovator visa. The Home Office launched the startup visa route in March 2019 for individuals looking to set up an innovative business in the UK. Not only did they provide me with a dynamic business plan but they have given me invaluable advice and feedback along the way. Our job is to take the stress out of writing your business plan. https://businessplanwritersuk.co.uk/testimonials/mark-savvidou/. Endorsing bodies must be able to competently assess applicants’ business ventures against the endorsement criteria set out in the rules. Our sole purpose is to write a business plan that will translate your business vision and aspirations into reality. This appears to be unlikely from the wording of the new Rules but we are waiting for confirmation from the Home Office on this point and will update this information accordingly. We are commercially astute having worked in a variety of industries and have in-depth business plan writing experience allowing us to create the perfect, professional business plan that investors and lenders will find irresistible. Viability If you are interested in applying for a UK Start-up or Innovator Visa, reach out to us and see how our team can help you in the process. Step 4 – Mandatory Requirements Age: Applicants must be at least 18 years old. We work swiftly to ensure your application is considered in a timely fashion, and, if successful, you will gain entry into the United Kingdom as quickly as possible. You want to set up a business in the UK*. switching) Generally, an application to enter this category will need to be made from outside the UK. Kaur was able to stay back thanks to her startup plan that involved exploring the use of artificial intelligence to optimise household electricity consumption. The new immigration system for workers goes live on 1 December 2020. The idea behind the new visa seems to be to encourage more foreign entrepreneurs to come to the UK and contribute to the British economy, with particular ambitions to accelerate growth in … The main thing is that people with no graduation will also be able to apply for this program. The British Government has designed start-up visa to attract entrepreneurial talent and innovative, scalable business ideas to the UK. The business idea must be new, original, innovative, and scalable nationally. As an Official Partner for several Tier 1 Visa Endorsement Bodies, we are now able to get your UK Start Up Visa Business Plan pre-approved endorsements within 2-3 working days. There are two services we provide that may be of interest to potential Innovator visa applicants. This means that the number of weeks it takes to write a plan can vary. A business plan is a way for you to discuss every aspect of your business in detail and, when it is being assessed by the Home Office, it will be used to show that you have an in depth understanding of your prospective business. The Start-up and Innovator visa categories are for non-EEA nationals wishing to set up a business in the UK. English: Applicants must be able to speak English to Level B2 CEFR. There is no specific requirement for funds to be invested into the business but it would be unusual for a business that will be viable and scalable not to need any investment.