Recognising the importance of start-ups and their wealth generation potential, the UK introduced a new category of visas solely to allow founders (having graduated from a UK university and obtained endorsement from authorised bodies) who have developed sustainable business modules of their ideas, to set up UK based businesses.
Read UK Startup visa to be a reality and Requirements of Startup Visa UK
This is the age of Start-ups. Youngsters of the present day prefer to start their own business to being employed with already established companies/business or in some cases, are involved in both. The main reason for this is; the limited growth opportunity offered by corporations which already have an established organisational structure.
Read Starting a business in the UK
Start-ups offer the founders adequate opportunity for creative thought and experimentation and to be the direct beneficiaries of the profits arising from their effort, creativity and risk.
The start-up visas replaced the previously existing Tier 1 graduate entrepreneur visa.
The main advantage of this category of visas is that it does not require any initial investment funds.
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