Business Intent: Plan to establish and manage an innovative business in the UK.
Endorsement: Obtain endorsement from an approved UK endorsing body.
English Proficiency: Meet English language standards.
Financial Stability: Demonstrate sufficient funds (£1,270) to support yourself in the UK.
Application Process:
Prepare and finalize your business plan.
Obtain endorsement from an approved endorsing body.
Complete the online application on the Home Office website.
Provide biometric information or use the "UK Immigration: ID Check" app for identity verification.
Pay the application fee and immigration health surcharge.
Await processing, typically within three weeks.
Requirements:
Business Plan: Present a comprehensive plan that highlights the innovation, viability, and scalability of the business.
Endorsement: Secure endorsement from an approved endorsing body.
English Proficiency: Achieve at least a B2 level on the CEFR scale or equivalent.
Funds Evidence: Provide proof of funds in your bank account.
Extensions and ILR:
Extensions: Possible if criteria are still met; apply before the current visa expires.
ILR: Available after three years of residency, contingent on meeting residency requirements, passing the Life in the UK Test, and securing a new endorsement showing business growth.