Europe’s leading investment destination filled with renowned multinational companies and ventures, the United Kingdom (UK) is one of the easiest places to set up and run a business according to the World Bank’s ‘Doing Business’ survey. Some of the major reasons why the UK has become a hotspot for entrepreneurs are low corporate taxes, strong infrastructure, more stable political environments, lower manageable regulations and a low flexible labour market in Europe. Though for setting up a business in the UK as an international can be a complicated task. Through this blog, we will take a look at the application process for UK Business VISA, the essential documents you need and how you can successfully attain it.
The following are the types of UK Business Visas.
An entrepreneur visa is also known as a Tier 1 visa. However, the government of UK has closed applications for visas. Applicants can either select from an Innovator visa or a Start-up visa. You can check the details of both visas below. However, if you already have an entrepreneur visa, you can:
Take a Look At the UK Post Study Work Visa!
An Innovator visa allows you to set up and run your own innovative business in the UK. However, it is important that the business is different from everything else in the market. For that, your business or the business idea should be endorsed by an approved body also known as the endorsing body. The other requirements include:
There are more than 37,000 job profiles available for Tier 2 Visa applicants in the UK. This includes more than 42 industries around the country. Some of the most famous companies sponsor Tier 2 Visa.
Planning to set up a business comes up with its own complexities and establishing it in a foreign country, the process of getting a visa adds to the rigid and difficult procedures. To help you sort out the procedure, we have listed down a step-wise guide to applying for the UK Business VISA:
The fees of the UK Business VISA depend on the length of the VISA you’re here to apply for. Take a look at the following table which enlists the amounts that need to be submitted for varied standard visitor visas:
| Types | UK Business VISA fee |
| Standard Visitor Visa (validity: 6 months) | £93 (INR 8.621) |
| Long-term Standard Visitor visa (Validity up to 5 years) | £350 (INR 32,438) |
| Long-term Standard Visitor visa (Validity up to 10 years) | £636 (INR 58,960) |
| Long term Standard Visitor visa (Validity up to 10 years) | £798 (INR 73,979) |
| Additional fee to make a decision within 5 working days | £212 (INR 19,653) |
| Additional fee to have a decision within a day | £956 (INR 88,629) |
There is a wide range of documents that you need to submit in order to get a UK Business Visa which is listed below:
Applicants must initially have funds of at least £3,310. Those applying to extend their visa must have funds of at least £945.
Can I work in UK with a business visa?Yes, under the Representative of an Overseas Business visa, individuals are permitted to work full-time for their employer.
How long does it take to get a UK business visa?The maximum time taken to get a UK Business Visa from India can be 15 days if all the required documents are accurately submitted.
How much money do you need Tier 1 visa for UK?You must have at least £2,000,000 in investment funds to apply for a Tier 1 (Investor) visa.
What is a Tier 3 visa UK?Tier 3 was originally designed for low-skilled workers to fill specific temporary labour shortages and no longer exists.
How to apply for a business UK Visa from India?1. Choose the type of visa
2. Complete the application form online
3. Submit all the required documents
4. Schedule an appointment for UK Visa
5. Attend the interview for UK Visa
Thus, we hope that this blog has familiarised you with the application process for UK Business VISA as well as other essentials. If you have been planning to opt for higher education in the UK and don’t know where to begin, sign for a 30-minute free career counselling session with our Leverage Edu experts and we’ll help you find a suitable course and university as well as throughout the admission process to ensure that you get successfully shortlisted.
