The Home Secretary has announced a new “start-up” visa for entrepreneurs, in an attempt to make the visa process faster and easier for those wanting to set up a business in the UK. Sajid Javid, Home Secretary, has said that this new visa will “help to ensure we continue to attract the best global talent and maintain the UK’s position as a world-leading destination for innovation and entrepreneurs”. The “start-up” visa will launch in Spring 2019 and will require applicants to have acquired an endorsement from a university or approved business sponsor.
These plans have been announced as part of London Tech week, a series of events promoting the UK’s technology sector. The announcement also comes in the light of Tech Nation’s 2018 report, which found that 83% of tech communities cite access to talent as their biggest challenge. Entrepreneurs play a key role in creating jobs and driving economic growth in the UK, so this new “start-up” visa will aim to widen the applicant pool of talented entrepreneurs and it is hoped that this new start–up visa route will aid the UK in becoming a more dynamic, open, globally-trading nation.
If you would like to discuss any of the issues raised in this article, please contact Chetal Patel, a Partner in the Immigration Department.
Posted on 13/06/2018 in Legal UpdatesBack to Knowledge