Tier 1 Entrepreneur visa route is closed. However Innovator, Start-up, Sole representative visa, Tier 1 Investor and Tier 2 route are still open.
As mentioned by esteemed Solicitor Mrs Falguni Y Parekh in her update yesterday, entrepreneurs coming into the UK may not avail a new set of options as opposed to the traditional Tier 1 Entrepreneur Visa of the UK. To bring everyone up to date in a quick-fire overview, here are the new options available for a person/team looking to launch or set up their business venture in the United Kingdom, in a new Entrepreneur Visa UK guidance for 2019.
First things first.
What are the options available now? Let’s find out.
The new visas available for immigrant entrepreneurs in the UK:
- The Start-up Visa
- The Innovator Visa
The UK Start-up Visa – 2019:
According to the latest updates by the Home Office, this category is for those seeking to establish a business in the UK for the first time. Applicants will require an innovative, viable and scalable business idea which is supported by an endorsing body. The start-up visa is an improved version of the Tier 1 graduate entrepreneur visa, which allowed universities to endorse international students.
The UK Innovator Visa – 2019:
This category is for more experienced business-people seeking to establish a business in the UK. Like the Start-up Visa, applicants of the innovator visa will require an innovative, viable and scalable business idea which is supported by an endorsing body. With some exceptions, applicants would also be required to have funding to invest in their business.
Stay Tuned with the SmartMove2UK (a unit of Smart Move Immigration) all week for regular updates on Brexit events. This week is going to be crucial in determining the near future path that the UK will be taking in the years to come.
A quick round up of the coming week’s events:
British PM Theresa May makes another attempt at passing a Brexit deal in Parliament. There will be a vote on whether this deal should be passed or not.
Should the above vote be in favor of rejecting May’s second proposal too, there will be another vote cast on whether the UK should immediately choose to go for a ‘no-deal’, hence preparing for the said outcome without having it forced upon them.
If the above vote is in favor of NOT actively choosing a ‘no-deal’ Brexit split, then the Parliament would have to decide on asking the EU for an extension on its negotiation process, so the UK can remain in the EU for a while longer than the scheduled date of departure which is currently set at 29th of March.
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For quick updates on the above mentioned events, drop an email at firstname.lastname@example.org or follow us on one of Social Media handles below.
If you are a budding entrepreneur looking for opportunities to launch your business plan in the UK, book an initial consultation with our UK qualified Solicitor today for complete amended Entrepreneur Visa UK guidance – The startup visa and innovator Visa.
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