The Home Secretary has today announced a new Start-up visa route for people who wish to apply to enter the UK to start a business.
This new route as announced by the Home Secretary during the London Tech Week is meant to, on the one hand, make the visa process faster and attract more entrepreneurs into UK. On the other hand, it is meant to replace a visa route which hitherto was exclusively for graduated by making it attractive to a wider pool of talented entrepreneurs from across the globe to set up businesses in the UK.
Migrants interested in this route are required to obtain an endorsement from a university or approved business sponsor including accelerators.
According to the statement announced by Sajid Javid MP, the Home Secretary:
“The UK can be proud that we are a leading nation when it comes to tech and innovation, but we want to do more to attract businesses to the UK and our migration system plays a key part in that.
That’s why I am pleased to announce a new visa for people wanting to start a business in the UK. This will help to ensure we continue to attract the best global talent and maintain the UK’s position as a world-leading destination for innovation and entrepreneurs.
This initiative builds on other recent reforms to the visa system – including doubling the number of visas available on the Exceptional Talent route to 2,000 per year – and shows the government’s commitment to making the UK a dynamic, open, globally-trading nation.
The expanded route will launch in Spring 2019, further details will be announced in due course.”