In recent days, the demand for business relocation has increased significantly. It is possible to move a company to the United Kingdom or launch a new business in the country not only with the help of a Global business visa. There are other visa categories.
Start-up Visa
It is for aspiring entrepreneurs starting a business in the UK for the first time.
- It is issued for 2 years.
- Indefinite leave to remain (ILR) can only be obtained by switching to another visa — work visa, Innovator visa or Global Talent visa.
- There should be at least £1,270 in the bank account for 28 days prior to submitting the application.
- Confirm your knowledge of English at least B2 level.
Sole Representative Visa
It allows the applicant to move to the UK in order to register a branch in the UK or another country. Holders are only allowed to engage in declared business.
- It is issued for 3 years.
- The application review period is up to 3 weeks if the application was submitted outside the UK.
- It can be extended for another 2 years.
- The minimum level of English proficiency is A1.
- The company sending its representative must exist for at least 12 months before applying for a visa and have a good reason to expand to the UK. It is also necessary to prove that the company operates without losses and provide a business plan for opening a branch.
- A candidate for a visa must hold a senior position in the parent company, but cannot be the holder of the main block of shares.
Innovator Visa
For skilled entrepreneurs seeking to establish a business in the UK.
- It is issued for 3 years.
- It can be extended for another 3 years.
- There should be at least £1,270 in it within 28 days prior to submitting the application.
- The level of English proficiency is B2.
- Provide a business plan reflecting the innovativeness, prospects and scalability of the project, and get approval from an accredited organization.
- It is necessary to have funds to finance the project — at least £50,000.
The British government offers various ways for business relocation for candidates with different qualifications, experience and professional goals, so that every entrepreneur can find a suitable visa category.