This category is for more experienced businesspeople seeking to establish a business in the UK. Applicants will have an innovative, viable and scalable business idea which is supported by an endorsing body. With some exceptions, applicants will have funding to invest in their business. This category may lead to settlement in the UK.
The endorsing body will need to establish and confirm that the applicant’s business venture meets all of the requirements below:
Innovation – The applicant has a genuine, original business plan that meets new or existing market needs and/or creates a competitive advantage.
Viability – The applicant has, or is actively developing, the necessary skills, knowledge, experience and market awareness to successfully run the business.
Scalability – There is evidence of structured planning and of potential for job creation and growth into national markets.
There is a mandatory English language requirement that is higher than the previous Entrepreneur category – level B2 CEFR which can be met by either being from a majority English speaking country, having a degree taught in English, or passing an approved English test.
Finally, there is a maintenance requirement that requires the applicant to have a particular amount of money in their bank account, £945, for 90 days prior to the application.
After three years in this category an applicant can apply for indefinite leave to remain. At this stage they must meet an additional English language requirement and also a strict residence requirement. One year after obtaining indefinite leave to remain, and also having lived in the UK for five years in total, an applicant can qualify for British citizenship.