Posted by Gary Mackley-Smith on June 14, 2018
In a change of policy, the Home Office will allow people from overseas who want to start a business in the UK to apply for a new “start-up” visa from Spring 2019, coinciding with Brexit.
The new visa replaces one which was exclusively for graduates, opening it up to a wider pool of business founders, though applicants will need to be endorsed by a university or approved business sponsor.
The new visa route has been designed following advice from the Migration Advisory Committee and input from business sectors.
The Home Office points out that this initiative builds on other recent reforms to the visa system – including doubling the number of visas available on the Exceptional Talent route to 2,000 per year.
However, the department has also been criticised for its overly restrictive stance towards overseas workers and for its inconsistent policies.
Further details about the new visa will be released in due course, according to the Home Office.