Including the USA, and Schengen countries
Innovative and scaling business
Weeks from submission of the application
The United Kingdom, a pioneer of the Industrial Revolution, became a global leader with its vast British Empire during the 19th and early 20th centuries. Its naval strength and industrial advancements cemented its position as a major world power. Although many former colonies gained independence in the latter part of the 20th century, they remain part of the Commonwealth of Nations, a political association of 53 member states, primarily former British territories. The UK is a founding member of the United Nations and holds a permanent seat on the Security Council. It was a member of the European Union from 1973 until January 1, 2020. Following Brexit, the UK and EU are negotiating their future relationship as the transition period ended in late 2020.
Today, the UK comprises England, Scotland, Wales, and Northern Ireland, spanning approximately 243,610 square kilometers with a population of around 67 million. London, the capital, is a leading global financial center and cultural hub, with nearly 8.9 million residents.
Operating as a constitutional monarchy with a parliamentary democracy, the UK is led by the Prime Minister, while King Charles III serves as the ceremonial head of state. The UK Parliament, based in the Palace of Westminster, includes the elected House of Commons and the appointed House of Lords. Scotland, Wales, and Northern Ireland have devolved governments managing local issues like education and healthcare.
The UK boasts a highly developed economy, with key sectors such as finance, technology, and pharmaceuticals. London is renowned for its financial services, while education and healthcare are significant, with institutions like Oxford and Cambridge attracting global students, and the National Health Service providing comprehensive care. Tourism thrives, with attractions including Buckingham Palace, Stonehenge, and the scenic Scottish Highlands.
The UK offers a high quality of life, with access to world-class healthcare, education, and cultural amenities.
The UK's diverse and dynamic job market attracts professionals from various industries, providing ample career growth opportunities.
Renowned for its prestigious universities and research institutions, the UK is an educational hub with a wide range of academic programs.
Experience the rich cultural heritage, diverse communities, and historical landmarks that make the UK a fascinating and inclusive place to live.
Innovator Visa
The Innovator Visa is aimed at individuals with an innovative business idea who seek to establish or run a business in the UK. To be eligible, applicants must have their business idea endorsed by an approved body, such as a UK higher education institution or a business organization with a track record of supporting entrepreneurs. The business idea must be new, original, and demonstrate potential for growth. Applicants must also meet English language requirements. This visa allows an initial stay of 3 years, with the possibility to extend for an additional 3 years. There is no limit on the number of extensions. After 3 years, holders of this visa may apply for indefinite leave to remain (ILR) if other eligibility criteria are met. The visa fees are £1,021 for applications from outside the UK and £1,277 for extensions or switches within the UK. Dependents are subject to the same fees. The Innovator Visa permits working for your business, setting up multiple businesses, and bringing dependents, but does not allow employment outside your business or access to most public funds.
Start-up Visa
The Start-up Visa caters to individuals aiming to set up an innovative and viable business in the UK. To qualify, applicants must be endorsed by an authorized body, such as a UK higher education institution or a business organization with a history of supporting UK entrepreneurs. The business idea must be new, innovative, and capable of growth. This visa grants an initial stay of 2 years, with no option for extension. However, visa holders may switch to an Innovator Visa if their business gains endorsement and meets necessary criteria. Fees for the Start-up Visa are £363 for applications from outside the UK and £493 for switches within the UK, with dependents charged the same fees. While on this visa, individuals can work for their business, take up additional employment, bring dependents, and travel abroad. However, they cannot settle in the UK or access most public funds. If an endorsement is withdrawn, the visa may be shortened, and a new endorsement will be needed to remain in the UK.
Self-Sponsorship
Self-Sponsorshipefers to an application to come and work in the UK for your own business without the need of having a UK Sponsor. This can lead to permanent residency and British citizenship for yourself and your family.
Self-Sponsorship is open to anyone who satisfies all of the following:
A has experience OR skill OR qualification within the area of the business they want to establish
B. hasabusinessideaorhasalreadyestablishedaUKbusiness
C. has adequate resources to support their proposed business in the UK
Please note, there is no minimum or maximum investment
required for your business venture. It depends on your business need and may range from £25,000 or more.
D. Ideally, has a UK local person who is settled or British citizen to take on the responsibilities of the Authorising Officer, and
E. has the ability to sit and pass an approved English language test at Level B1
INNOVATION
Craft an authentic business plan addressing either new or existing market needs, and/or establishing a competitive advantage.
VIABILITY
Develop a practical and attainable business plan, considering available resources. Applicants should possess or be actively acquiring the necessary skills, knowledge, experience, and market awareness for successful business management.
SCALABILITY
Present evidence of organized planning, along with the potential for job creation and expansion into national and international markets.
Phase 1: Client Onboarding and Preparation (1 to 2 weeks)
The process begins with filing the client’s form to enable BLS Global’s partners and sponsors to carry out the initial due diligence. During the first few weeks, a consultant provides an overview of investment options and residency requirements to, ensures the client meets basic eligibility criteria, having a clean criminal record, and the capacity to make the required investment. Financial preparation is essential, ensuring the necessary funds for the investment and associated costs are in place. Following successful screening, You are provided with a formal agreement. The next steps involve gathering required documents, preparing an investment plan, and submitting the complete application to the UK Home Office, with an acknowledgment of receipt from the authorities.
Phase 2: Application Processing and Investment (2 to 3 weeks)
Once the application is submitted, the UK Home Office begins a thorough review process, which includes background checks and verification of the source of funds. This phase can take several months, during which the Home Office may request additional information or documentation. Once the initial review is successfully passed, the client proceeds with executing the investment, whether it involves purchasing government bonds, investing in UK companies, or other approved options. Proof of this investment is then provided to the Home Office. The application undergoes a final review, and a biometric appointment may be scheduled if required. This phase concludes with the Home Office’s decision on the residency application.
Phase 3: Approval and Post-Approval (1 to 3 weeks)
Upon receiving approval from the UK Home Office, the client is issued an initial residency visa, typically valid for 3 years and 4 months. The client then plans and executes their relocation to the UK, including registering with local authorities, setting up bank accounts, and arranging housing. During this time, the client begins to fulfill residency requirements, such as maintaining a minimum stay in the UK. This phase also includes ongoing compliance and preparations for visa extensions or future applications for indefinite leave to remain (ILR) or citizenship. Continuous support from the BLS Global consultant ensures that the client remains compliant with all regulations and successfully navigates the residency process.
Note: The timeframe for investment options may vary based on the project, highlighting the importance of selecting a project that can provide the necessary paperwork for the citizenship application.
Disclaimer: Residency requirements and investment details are subject to change. Please consult with our experts for the latest information.