On 17th February 2022, the UK Government announced that the category was closed to new applicants. As a result, only existing Investor visa holders can apply under the category for an extension or settlement. They may also bring family members to the UK as Dependants if they meet the relevant requirements.
The category initially allowed individuals who had at least £2 million in investment funds to apply for an Investor visa. For those clients who have already secured an Investor visa, the funds will need to remain invested in acceptable investments for the full duration of the visa until the applicant can obtain indefinite leave to remain if required.
There are accelerated routes for settlement based on the total investment, with the possibility to settle in the UK after five years for £2 million, after three years for £5 million and after two years for £10 million.
The new Start-up visa route opened to new applicants at the end of March 2019 and is a successor of Tier 1 (Graduate Entrepreneur) visa. If you are looking to establish a new business in the UK, our team are specialists in assisting clients through the application process.
This new category of visa aims to appeal to entrepreneurs wanting to start a business in the UK but importantly it does not require financial investment, nor even a university degree. The business must be viable, scalable and an innovative business idea. The business idea and plan also has to be endorsed by a Home Office approved endorsing body.
The Start-up visa is granted for a maximum of 2 years and cannot be extended. After 24 months, you must demonstrate enough progress to meet the requirements of the UK Innovator Visa; if not, you can apply for the UK Innovator Visa with any other idea that meets the requirements.