Self-Sponsorship refers 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.
If you are a successful businessperson, and you have identified a business opportunity in the UK, OR you have a great business idea and want to explore your business opportunity in the UK,
and
Then this route could suit you.
Self-Sponsorship is open to anyone who satisfies all of the following:
Any business can qualify for the self-sponsorship route
The Self Sponsorship method may be the best approach to work and live in The UK if you want to start a business there or extend your present foreign operation to The UK. It is crucial to remember that there isn’t a real “Self Sponsorship Visa,” it is only a way to enter The UK under the Skilled Worker Visa category.
The Self Sponsorship Visa UK will enable you to establish a UK company that will sponsor your entry and employment in The UK (with the assistance of a UK resident Director). You can own shares in the business and there is no minimum investment requirement, unlike the Innovator Visa.
One of the most significant benefits of self-sponsorship is that it enables business owners to run and manage their companies in The United Kingdom without worrying about their visas being revoked.
This visa option is best for seasoned businesspeople or someone who has researched The UK market and seen a chance to launch a new company here. In order for the Company to sponsor you, you must first get a Sponsor Licence.
StatsRef:
A total of 1,311,731 UK visas were granted in 2021, and the skilled worker visa route that was established in late 2020 accounted for 148,240 or 62% of all work-related visas issued and 98% of all skilled labour grants in 2021.
Meanwhile, there are currently 33 UK organisations that offer endorsements, of which only a small number of the Innovator endorsing bodies currently accept open applications. Many of them have very limited information about their process that is publicly accessible, and many of them only accept applications from individuals who are already a part of their organisation.
As a result, the category is effectively closed to the vast majority of potential applicants. Some certifying organisations have admitted that they are either not prepared, do not have the necessary documents, or are not yet ready to begin accepting applications for endorsement. Before this path was established, the Home Office provided the majority of endorsing bodies with minimal instruction regarding their responsibilities. The visa path provides the impression of a lack of planning and preparation on the part of the traveller.
Anyone who satisfies the qualifications below are eligible for self sponsor UK visa
Here’s a tabled guide:
Self Sponsorship Route | Innovator Visa | Start-up Visa |
You can be the director and 100% shareholder of your company. | Although these routes do not have a shareholding requirement, applicants should be aware that certain endorsing bodies for the Start-Up and Innovator visas need a portion of stock in the firm before giving an endorsement. | Although these routes do not have a shareholding requirement, applicants should be aware that certain endorsing bodies for the Start-Up and Innovator visas need a portion of stock in the firm before giving an endorsement. |
Any business can qualify for the self-sponsorship route | This business is for experienced businesspersons | This business is for new entrepreneurs |
No Endorsement letter required | Endorsement letter is required | Endorsement letter is required |
No such requirements | Your business idea has to be something unique that is not already existing in the market | Your business idea has to be something unique that is not already existing in the market |
Valid for 4 years as per the conditions of The UK Skilled Worker visa | Valid for 3 years | Valid for 2 years |
You can apply if you are a successful businessperson, and you have identified a business opportunity in The UK. | You cannot join a business that is already trading | You cannot join a business that is already trading |
No possibility of visa termination as you’ll be your own sponsor. | If your endorsement is revoked, your visa might terminate. | If your endorsement is revoked, your visa might terminate. |
Stage 1 – Establish a UK company, and apply for a Sponsor Licence
With the help of a registered UK accountant, your UK company can be registered.
Note: If you are a NON-UK resident, you will be required to appoint a UK based Director initially.
Timeline: Approximately 6 to 8 weeks.
Your UK company will be required to provide a minimum of 4 of the below documents:
Other information
It is advisable for the UK company to have the following:
Stage 2 – Create and provide your UK company with a Human Resources pack
As part of the process of applying for a sponsor licence, you must ensure that your company has the necessary policy and procedures in place to sponsor you as a skilled worker.
Timeline: Approximately two days.
Stage 3 – Be assigned a Certificate of Sponsorship and we assist you with the Skilled Worker Visa
Upon the approval of your UK company Sponsor licence, you will require a Defined Certificate of Sponsorship.
Timeline: Approximately 4 to 12 weeks.
There is no minimum or maximum investment; it can range from £25000 or more.
Yes, you can have 100% of shares and you could be the Director.
Before the Sponsor Licence is submitted to the Home Office.
You may be one of the majority shareholders in the UK business, and the job title may range from Managing Director, Director of Operations and any other relevant role you may take to run your business.
Between £464 to £1408. Additional fees are applicable, including the Immigration Health Surcharge, which is currently £624 per year for adults and £470 per year for child dependants.
There may be an option to take on supplementary employment in line with your job classification.
The Sponsor Licence is valid for 4 years, at the end of the 4 years a renewal application will need to be made to the Home Office. As long as you have an active/trading business you can retain the sponsor licence. If business was to stop trading, then you will be required to switch your immigration category.
We can:
Yes, you can bring your partner/spouse and children to the UK.
Between 3 years to 5 years.
Yes, your company will need to pay you a monthly salary in line with the correct job classification.
The company will be required to replace the Authorising Officer (AO).
Reach out to us for more information or to see how we can help you?
We Manage Your Visas is a trading style of Legal Eagles Solicitors. Solicitors team with over 100 years of experience. SRA: 635426
©2024. We Manage Your Visas. All Rights Reserved.