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.”
