Yes, a dependent visa holder in the UK can start a business, provided they meet the necessary requirements and obtain the appropriate permissions and visas for running a business in the country.
Further information is provided below
Yes, a dependent visa holder in the UK can start a business, provided they meet the necessary requirements and obtain the appropriate permissions and visas for running a business in the country. The UK government encourages entrepreneurship and offers opportunities for individuals from different backgrounds to establish and run their businesses.
To start a business in the UK, a dependent visa holder must first have the appropriate visa that allows them to engage in self-employment or set up a business. There are several visa options available depending on the circumstances, such as the Tier 1 Entrepreneur Visa, Tier 2 Visa, or the Start-up and Innovator Visas introduced in 2019. Each visa has specific requirements and application processes, so it is essential to carefully review and fulfill the criteria set by the UK government.
One of the prominent visa options for dependent visa holders is the Tier 1 Entrepreneur Visa. This visa allows individuals to set up or run a business in the UK, provided they have access to at least £50,000 in investment funds (or £200,000 under certain conditions) and meet other eligibility criteria.
“The best way to predict the future is to create it.” – Peter Drucker
Interesting facts about starting a business as a dependent visa holder in the UK:
- The UK is known for its thriving startup ecosystem, with London being one of the most entrepreneurial cities globally.
- The Start-up Visa and Innovator Visa routes were introduced in March 2019 to replace the Tier 1 Entrepreneur Visa, aiming to attract innovative entrepreneurs to the UK.
- The UK provides various resources and support systems for entrepreneurs, including access to funding, mentorship programs, and startup incubators.
- The UK government recognizes the economic and cultural contributions made by migrant entrepreneurs and has implemented policies to facilitate their entry into the business sector.
- Starting a business in the UK as a dependent visa holder can offer not only financial independence but also the opportunity to contribute to the local economy, create job opportunities, and foster innovation.
Here is an example table illustrating the general requirements for the Tier 1 Entrepreneur Visa:
|Investment funds||Minimum investment of £50,000 (or £200,000 under certain circumstances) available for the business venture.|
|English language proficiency||Demonstrating English language skills at the required level, such as by passing an approved English language test or holding a degree taught in English.|
|Maintenance funds||Having the necessary funds to support oneself and any dependents without relying on public funds.|
|Business plan||Providing a comprehensive business plan that outlines the proposed venture, its viability, market research, and financial projections.|
|Genuineness of the application||Convince UK Visas and Immigration (UKVI) of the genuine intent to establish and run a business in the UK.|
|Tuberculosis test (if applicable)||Depending on the country of residence, applicants may need to undergo a tuberculosis test as part of the visa application process.|
|Criminal record checks||Providing a clean criminal record from any country resided in for more than 12 months in the past decade.|
Remember that the information provided here serves as a general guide, and it is crucial to consult the UK government’s official websites or seek professional advice for the most up-to-date and accurate information regarding requirements and processes when starting a business as a dependent visa holder in the UK.
Video answer to your question
In this YouTube video, the YouTuber interviews a woman named Heidi who shares her experience as a dependent visa holder in the UK. Instead of seeking employment, Heidi decided to start her own businesses in the makeup artistry, skincare, and hair product sales industries. She emphasizes the importance of sticking to what you’re passionate about and being at the top of your game. Heidi began selling products on online platforms like eBay and Etsy, and although she faced challenges with shipping from Nigeria to the UK, her business grew as more people used her products and left positive reviews. She also mentions using Skillshare to improve her skills and highlights the financial benefits of working from home, although she acknowledges that the final earnings may not always be worth it after costs. Heidi compares her income from her businesses to her job in the care sector and notes that her businesses generate twice as much income, allowing her to spend more time with her family. She encourages others, regardless of their visa status, to consider starting their own businesses, emphasizing the mindset and determination needed for success.
Many additional responses to your query
However, you can start a business in the UK as a Dependant visa holder and have your UK business sponsor you. Once your UK business has been established, you will need to apply for a sponsor licence allowing you to issue yourself with a Certificate of Sponsorship.