Open your own business in the UK and obtain residency with this government-sponsored backed immigration scheme!
Need help understanding the visa process?
Our eBook guide will help you understand the Start-up and Innovator Visa process.
• The Role of Endorsing Bodies and the Home Office.
• The Three Key Criteria to Endorsing.
• Types of Endorsement for Start-up and Innovator Visas.
The eBook will save you valuable time and energy in your quest to receive a Start-up and Innovator Visa and hopefully help you to reduce the time it takes to apply for a visa.
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The Start-up and Innovator visa categories are for people setting up a new business in the UK which are:
Innovative
The applicant's business is original, creates a competitive advantage and is something new.
Viable
The applicant's business demonstrates realistic sustainability and long-term success.
Scalable
The applicant's business demonstrates potential growth, through job creation and growth into national markets.
What are the Start-up and Innovator Visa Schemes?
Start-up Visa
• Forearly-stage but high potential entrepreneurs (who want to start a business in the UK for the first time); • No funds are required (applicants do not need any funds to invest in their business at this stage); • Two-year visa offered (it offers a one-off, two-year visa, during which the applicants will spend the majority of their time developing their businesses but can also take on other work outside of their businesses to support themselves); • You can bring your family members (successful applicants can bring their family members (spouses/partners and children under 18 can be brought into the UK); and • Switch to Innovator visa (at the end of the two years, applicants can switch into the Innovator category - see below - to extend their stay and develop business in the UK).
Innovator Visa
• For more experienced business people (who seek to establish a business in the UK); • £50,000 required (applicants need a minimum of £50,000 funding available to invest in their business - which can come from an endorsing body such as Sapphire Capital Partners LLP); • You must work 100% on the business (innovators must work entirely on developing their business ventures and not take on other employment outside their business);
• Three-year visa offered (applicants are granted leave for three years at a time); • You can bring your family members (successful applicants can bring their family members (spouses/partners and children under 18 can be brought into the UK); and • Extend your stay (successful innovators can apply to extend their stay for a further three years or to settle permanently in the UK).
Sapphire as an endorsing body.
It is very important that any entrepreneur wishing to obtain the startup or innovator visa first obtains an endorsement from an approved body - such as Sapphire Capital Partners LLP. We are here to ensure that your business meets the three key criteria - being innovation, viability and scalability.
• Issue endorsements (we use our own measures in order to assess if your business meets the three key criteria - being: Innovation, Viability, Scalability.
• Our endorsement will be in the form of an endorsing letter which you will use to support your visa application);
• Stay in contact (we will stay in touch with you at checkpoints after six and 12 and (in the Innovator category) 24 months, and assess your progress); and
• For innovator visas (we can issue further endorsements for extension and settlement applicants).
IMPORTANT NOTICE
Third-Party Review
Sapphire Capital accepts applications directly and through trusted third-party intermediaries (such as Seed Mentors Entrepreneurs Limited). For any direct applications, Sapphire Capital will outsource an initial review of the application to one of the trusted third-party intermediaries if we believe that the application may be of interest to us (and consequently we will, therefore, share your data with them). They may charge you a fee for their initial review which will be confidential to us and they may seek further information directly from you.
Fees
Although Sapphire Capital does not charge any fees for considering applications, the third-party introducers (such as Seed Mentors Entrepreneurs Limited) who approach us may charge fees or seek equity for services they provide to their clients. Such arrangements do not involve Sapphire Capital.
PLEASE NOTE THAT IS USUAL AND SAPPHIRE CAPITAL WILL EXPECT TO TAKE EQUITY IN ANY COMPANIES WE ARE SUPPORTING WITH AN ENDORSEMENT (OF CIRCA 5% to 10%).
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