UK Business Migration
This visa category is for people wishing to come to the UK
to start a business. You may start any type of business, but
you must work full time in the management of the business.
Qualification Criteria
If you are a national of a country that is not covered by the
EEA association agreement, you will need to show that you will:
- Invest £200,000 in a new UK business.
- Create full time employment for at least 2 EEA citizens
- Work solely in the business
- Have sufficient funds to accommodate and maintain yourself
until the business is profitable.
- Have a controlling interest in the business.
- Take a share of the business’s liabilities
- Be implementing a business plan that looks to be thorough
and viable
- The money to be invested in the UK should be your own and
not from any other source (e.g. bank loans). It can be held
in the form of cash and share capital and the investment should
give you an equal or controlling interest in the business.
Visa Extension
You will initially get a visa valid for a period of 12 months.
During this time you must usually make the full investment and
create the required 2 jobs. At the end of this first year, the
visa can be extended by applying to the Home Office. The extension
application will need to be accompanied by documentation showing
the progress that your business has made; as long as the business
looks viable, the investment has been made, and the jobs have
been created, then the Home Office will normally grant a three-year
extension to your visa. After a total of 4 years in the UK you
may apply for indefinite leave to remain (Permanent Residence).
A year after being granted indefinite leave to remain you may
apply for naturalisation as a British citizen.
Work Permits
Highly Skilled
Working Holiday
Visas
Permanent
Residence