The new visa route was announced by the Home Secretary, Sajid Javid, during London Tech Week on 13 June 2018. According to the statement, the UK start-up visa route will widen the applicant pool of talented entrepreneurs and make the visa process faster and smoother for entrepreneurs coming to the UK. It will replace a visa route which was exclusively for graduates, opening it up to a wider pool of talented business founders.
People who want to start a business in the UK will be able to apply for a new “start-up” visa, the Home Secretary has announced.
According to the Home Secretary, new start-up visa will help to ensure that the UK continues to attract the best global talent and maintain the UK’s position as a world-leading destination for innovation and entrepreneurs.
It will require applicants to have acquired an endorsement from a university or approved business sponsor, including accelerators. This start-up visa has been designed following advice from the Migration Advisory Committee and feedback from the tech sector and other stakeholders.
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 UK start-up visa route will launch in Spring 2019, further details will be announced in due course.
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