Start-up and the Innovator visa
On the 29th of March 2019, the UK introduced new visas for entrepreneur looking to set up business in the UK.
The Start-up and the Innovator visa categories
An immigration business plan is required for each of the two visa categories and these needs to be professionally written to get your business endorsed by an authorized endorsement body.
An immigration business plan is quite different from a standard business plan which an entrepreneur would normally have for the smooth running of their business or to secure funding for their business
A compliant start-up visa or innovator business plan will need to satisfy the tests set by the UK immigration rules. Most clients failed in the genuineness test under the prior Tier 1 entrepreneur visa route
The plan must therefore show the endorsement bodies as well as the UK visa and immigration officer that it meets the following tests
The business plan needs to demonstrate the originality of the business setting out the products and services as well as how the business will create a competitive advantage.
The business plan needs to set out the necessary skills and experience required to progress the business and how the applicant possess those skills as well as a study of the market.
The business plan must show how the business will contribution to the UK economy in the form of job creation and the international markets