Being one of the largest economies of the world the United Kingdom is everyone’s dream country to establish or start a new business. Not only Indian and Chinese look forward to getting a chance to enter this country but the Americans are also no less. American entrepreneurs look forward to this dynamic country becoming a part of the UK’s business arena. This country provides the ultimate opportunity to the global entrepreneur to run their business as per their requirements and desire. While being in demand the UK government offers several visa options such as start up visa UK, UK self-sponsorship visa, skilled worker visa etc. These visa routes help to enter the country and start your own business on your own terms. Here in this specific article, we have mentioned some of the essential visa routes that can help American entrepreneurs to enter the United Kingdom.
Why is the UK the Best Option for American Entrepreneurs?
The United Kingdom is known for its business opportunities, education system, infrastructure, healthcare services and a lot more. Before you know about the visa options it is essential to know why this country is the major attraction for entrepreneurs from all around the world. First of all, this country provides a start-up visa to the UK and a UK self-sponsorship visa to start or expand a business in the United Kingdom. The United Kingdom streamlines the route to expand your business on an international level and reach out to a border audience. The UK provides impeccable support and benefits to the entrepreneurs during setting up their business. This country provides tremendous opportunities to build your career in the field of fintech, technology, healthcare, education and other hot industries. These are some of the specific reasons why people choose this country to start their business.
Suitable Visa Options for American Entrepreneurs to Enter the United Kingdom
Moving to our next section, now if you choose this country to start your own business it is essential that you must know the crucial visa routes.
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UK Self Sponsorship Visa
One of the most enticing visa options to set up your business in the United Kingdom is the self-sponsorship route. Remember it’s a route that’s why we will not call it a UK visa type. It’s not a genuine UK visa but certainly a strategic option which is a combination of a skilled worker visa and a sponsor licence. If you have a robust business plan to execute you can choose this visa route. Through self-sponsorship, you do not require to be dependent upon any UK sponsors or an endorsing body. You can simply sponsor yourself through your own established business. You can simply register your company in the UK as a sole trader or a limited private company and apply for a sponsor licence. Once you obtain a sponsor licence you can issue yourself a CoS (Certificate of sponsorship). After this, it is essential to apply for a skilled worker visa to obtain a genuine visa. To get this visa it is essential that you must fulfil the requirements of UK visas and immigration.
Fulfil These Requirements to Get a Self-Sponsorship
Here in this section, we have mentioned some of the specific eligibility criteria and requirements of the UK visas and immigration for this pathway.
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Firstly, you must have a genuine business plan to demonstrate in front of the UK Home Office officials. Your plan should be sustainable and profitable and positively impact the overall UK economy.
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To set up a business in the United Kingdom, you must have sufficient money in your bank account. Financial eligibility is the priority-based eligibility criteria that should be fulfilled, and without fulfilling it, you can not proceed.
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Applicants must know how to speak, write, and read in English. You must be proficient in this language because it is the national language of the United Kingdom. You must acquire an English language certificate by appearing in a language test.
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You must have all the qualification certificates required for a business you are going to set up in the UK. These certificates will show that you are eligible to establish or expand a viable business in the United Kingdom.
So these are the basic eligibility requirements for this path that are necessary to fulfil. However, for new applicants, it can be a roller coaster ride to understand the eligibility requirements for UK visas and immigration. In this regard, you can seek professional help from immigration solicitors in London. There are various renowned legal law firms in the UK, such as A Y & J Solicitors. They have a team of expert and knowledgeable solicitors who can help you with the entire application process. Their guidance or assistance can be the ultimate key to obtaining this pathway.
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UK Start Up Visa
This visa option is specifically designed for the small business owners or entrepreneurs who want to start their business in the United Kingdom. However, there are certain eligibility requirements that are crucial to fulfil if you want to obtain this visa. First of all you must have an innovative and unique business idea that can enhance your ROI and contribute a part in the UK economy. This visa option requires you to have an endorsing body who can take the full responsibility of your business if it fails. It is not possible to get this visa without a sponsor or an endorsing body. Moral of this visa route is you must have a viable and successful business plan along with a hefty amount in your bank account to invest. If we talk about the validity of this visa, it remains valid for two years in a row. After this period of time, American entrepreneurs can switch to other visa options.
Conclusion
However, there are several UK visa options available for American entrepreneurs but the UK self-sponsorship visa route is one of the most suitable routes. However, it is not required to go only this visa route, one can choose a visa option as per their business requirement and budget.
