UK Visa for Business Persons
UK has a special visa for Business Persons under which you may come to the UK as a business person if you are not a European Economic Area national and you will be establishing / running / managing a business full time in the UK.
You may come to the UK as a business person if you are not a European Economic Area national and you will be running a business full time in the UK.
When you apply for approval under the scheme of Visa for Business Persons, you need to provide a detailed business plan with the application. This business plan should include:
The object of the business
Evidence that you have at your disposal in the UK at least £200,000 of your own money for
investment in the business
Evidence that you will create at least 2 full time jobs for people already settled in the UK and
details of their employment conditions
The projected opening balance sheet following the start of the business.
If you are joining or taking over an established business, you must show audited accounts for at least 2 previous years.
You also need to show that you can live in the UK without help from public funds.
At first, you will be given a permission to stay for 12 months. You can apply for an extension of stay for up to another 3 years.
What are your options in the UK as a business person?
In the UK, you can do business as:
A sole trader
A partner in a partnership
A company registered in the UK.
As a sole trader or partner you must trade or provide services full time. As a company director, you must promote your company and manage it full time. Self-employed doctors and dentists must practice full time. The full time condition does not apply to a self-employed writer, artist or composer.
Home Office grants you permission to stay as a business person for a specific business. You must ask Home Office permission if you wish to change to a different business once you are in the UK.
If you are an ECAA applicant, you will not be required to invest £200,000 in the business.
You will also need to apply for entry Clearance before you can travel to the UK.
HSMP Services Limited is registered with OISC as Immigration Advisor and we can help you in the process for Visa for Business Person. Please contact us with your details.