UK Business Visas for EU Citizens Post-Brexit
New UK immigration rules come into effect in January 2021 when the United Kingdom leaves the European Union. This means that EU citizens will need to apply for a visa if they want to set up a business or work in the UK.
The new UK immigration system will apply to all EU citizens who arrive in the UK from 1st January 2021. EU citizens will be subject to the same immigration rules as those from outside the EU.
UK Business Visas for EU Citizens
There are three main business visas for those who wish to set up and invest in a business in the UK:
Investor Visa for EU Citizens
The Investor Visa is designed for those who have at least £2,000,000 to invest in a UK business. Investor Visa applicants enjoy particularly favourable immigration conditions, including, the possibility of applying for Indefinite Leave to Remain after 2-3 years of UK, depending on the amount of money which they have invested.
You do not need to receive an endorsement if you wish to apply for an Investor Visa. However, you will need to meet other conditions.
The Investor Visa is valid for a maximum of 3 years and 4 months, and it can be extended for a further two years.
Innovator Visa for EU Citizens
The Innovator Visa is for experienced businesspeople who have at least £50,000 to invest in a UK business. You must be able to prove that the investment funds have come from a legitimate source.
You must have received an endorsement from an approved body to be eligible for the Innovator Visa. You will need to include an endorsement letter in your application.
You can stay in the UK for up to three years with an Innovator Visa. You can apply for an extension for a further three years before your current immigration permission expires. There are no limits to the number of times you can extend this visa.
Start up Visa for EU Citizens
If you are an entrepreneur at the beginning of your journey, the Start-up Visa is the ideal option. It is also an option for graduates who wish to start their first business. You need to prove that that the business idea is for a new business and is viable and innovative.
As with the Innovator Visa, you will need to have your business idea endorsed by an approved body. However, unlike the Innovator Visa and Investor Visa, you do not need to give evidence of a minimum amount of investment funds.
The Start-up Visa is valid for two years. You cannot apply for an extension with this immigration permission, but you could switch to a different visa before your Start-up Visa expires.
The Overseas Sole Representative Visa for EU Citizens
The Overseas Sole Representative of an Overseas Business visa category is for businesses who wish to send a senior employee to the UK to establish a commercial presence for the company.
The representative must have been recruited outside the UK, have authority to take decisions on behalf of the business and not hold more than 50% of shares in the business.
EU citizens who wish to undertake the role of a business representative in the UK will need to apply for the Overseas Sole Representative Visa from January 1st 2021.
The Global Talent Visa for EU Citizens
The Global Talent Visa is designed for those who are considered to be a leader or potential leader in one of the following:
- Academia or research
- Arts and culture
- Digital and technology
All applicants must be at least 18-years-old. The Global Talent Visa is valid for up to five years and can be extended as many times as is needed.
Do you Need Immigration Support?
If you are an EU citizen and you are thinking about setting up a business in the UK or working in the UK, Birmingham Immigration Lawyers can help.
Our experienced immigration lawyers deal in all areas of immigration law and can help you to complete your visa application, maximising your chances of securing your visa.
To find out more about how we can help, please call us now on 0121 667 6530.
From January 1st 2021, EU nationals will need to apply for a visa to set up a business and work in the UK