The new start up visa route for Entrepreneurs was announced in the summer of 2018. It will replace the current Graduate Entrepreneur visa which is exclusively for graduates and requires an endorsement from either a UK university or Department of Trade and Industry (DTI).
The Home Office has not yet revealed details of the requirements for the start up visa. What we know so far is that the applicants will require an endorsement from a university OR from a business sponsor, including accelerators. The new visa route is meant to widen the applicant pool of talented entrepreneurs and make the visa process faster and smoother for entrepreneurs coming to the UK. The current visa routes for Entrepreneurs, especially the Tier 1 Entrepreneur visa, have very complex requirements and the refusal rate for Tier 1 Entrepreneur visa is in the region of 50%. The new start up route is therefore awaited with excitement.
The launch of the visa was due in Spring 2019, however, no details have yet been published by the Home Office. We will provide further updates when the launch date and the detailed requirements are announced by the Home Office.
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