Can I sponsor myself for a UK visa to start my own business? |  Requirement of Self-Sponsorship Visa - video Dailymotion

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Can I sponsor myself for a UK visa to start my own business?  If you're wondering whether you can sponsor yourself for a UK visa to start your business, this video has the answers!  In this video, we explore the possibility of self-sponsorship for a UK visa, detailing the requirements, processes, and eligibility criteria. Learn how to turn your entrepreneurial dreams into reality by understanding the key aspects of starting a business in the UK as a foreign national.  A Self-Sponsorship Visa is an attractive option for entrepreneurs who wish to start or run their own business in the UK without needing a traditional employer to sponsor them. This pathway allows individuals to essentially sponsor themselves by setting up a business that creates job opportunities for UK residents.  Key Features:  No Traditional Sponsorship Required: Unlike the Skilled Worker Visa, which requires a UK-based employer to act as a sponsor, the Self-Sponsorship Visa allows individuals to establish their own business and sponsor themselves.  Eligibility: To qualify, applicants must create a legitimate UK business that can generate employment opportunities for UK residents. This typically requires showing a solid business plan, sufficient funds to invest in the business, and proof that the business will contribute to the UK economy.  Financial Requirements: Applicants must have access to sufficient funds to invest in the business and show that they can support themselves without relying on public funds. This can include startup capital and operational funds.  Indefinite Leave to Remain (ILR): After operating the business and residing in the UK for a continuous period, individuals may become eligible for Indefinite Leave to Remain (ILR), which is the step before applying for British citizenship.  Benefits: The Self-Sponsorship Visa offers more flexibility and independence compared to employer-sponsored visas. It allows entrepreneurs to have control over their business, while still enjoying the ability to live and work in the UK. Additionally, this visa can lead to permanent residency, making it an attractive option for individuals seeking long-term settlement in the UK.  Popular Hashtags:  #sponsorlicenceapplication #uksponsorlicence #selfsponsorshipvisauk #selfsponsorshipvisa #businessinuk #ukworkvisa #sponsorshiplicence #smallbusiness #ukbusiness #uksponsorshipvisa #uksponsorshipjobs #sponsorlicenceinuk #uksponsorlicencenumber   Related Search Terms:  UK Self-Sponsorship Visa Self-Sponsorship Visa Self-Sponsorship Visa UK Start a Business in the UK Business in the UK UK Business UK Work Visa Companies Sponsoring UK Visa UK Visa Sponsorship New Rules Self Sponsorship Visa UK UK Sponsorship Visa UK Sponsorship Jobs

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00:00Welcome to yet another episode and in this episode we're going to discuss beyond borders

00:05where we explore opportunities for Indian entrepreneurs to expand their horizon

00:21and conquer new markets. Today we are diving into a game changer,

00:26the UK self-sponsorship visas, a powerful tool for Indian businesses aiming to break into the UK

00:33market. For ambitious Indian entrepreneurs, the world is your oyster but sometimes the borders

00:39can feel like difficult, limiting your ability to expand your reach and realize your full potential.

00:48Enter the UK self-sponsorship visas, the game changer. For Indian businesses seeking a springboard

00:55into a dynamic UK market. Traditionally Indian entrepreneurs looking into set up a branch in

01:01the UK were faced by a lot of issues and restriction and it was complete maze and chaotic. Restrictive

01:08investor visa schemes and lending sponsorship processes often derailed the consideration

01:16that the business owners would have to enter into this market. The self-sponsorship visas

01:21have ever offered a beacon of hope. Here are the key advantage for Indian businesses.

01:28No investment hurdles. That's right. Unlike the investor visas which had investments,

01:35the entrepreneur visas had £200,000 as an investment. There was a specific amount that these categories

01:41were asking for business owners entering the UK to bring in. This particular category has no investment.

01:49Like the other UK business visas, self-sponsorship does not require hefty upfront investment. This opens

01:57doors for startups, entrepreneurs and even businesses with leaner budgets. Be your own boss. As a business

02:05owner, you always want to be your own boss. You can be the sole director and owner of your company,

02:12retaining a complete control over your vision and directions. Flexibility and growth.

02:19From establishing a branch of your existing Indian business to launching a brand new venture,

02:25the visa allows you to tailor your UK journey to your specific goals. What is more important? How can

02:32you do well in the business and not have your family with you? This visa allows the advantage of

02:39having your family with you. You can bring your spouse and your dependent children under the age of 18

02:44with you, ensuring a smooth transition and a supportive family network. Navigating the path

02:51from dream to reality. While the self-sponsorship visas unlocks exciting possibilities, the application

02:58process requires careful planning and meticulous execution. Here is the roadmap guide for your journey.

03:05The first step is to set up your company in the UK. Register your business with Company House and open a UK

03:12bank account. Demonstrate genuine business activity through detailed business plan and initial operational

03:18setups. Appoint key personnels like authorizing officer responsible for sponsor duty and key contact which is

03:26licensed with the home office. Securing a skilled worker sponsor license. The license grants your company

03:33the authority to sponsor your visa application. Prepare a comprehensive application highlighting your

03:40company's legitimacy, financial viability and genuine employment offer for yourself. Assigning a certificate

03:48of sponsorship COS. Once your sponsor license is granted, you can assign yourself a COS, a unique

03:56identifier for your visa application. Applying for self-sponsored skilled worker visa. Ensure all

04:02documentation is in proper order including proof of your skills, qualifications and financial

04:08stability. Meet the English language proficiency requirement. The CEFR level B1 or equivalent.

04:15Financial consideration. Planning for success. The self-sponsorship path requires financial

04:21prudence. Here are some key points to consider. Meeting salary requirement. Your UK company must pay you

04:29salary that meets minimum threshold and the going rate for your occupation. Immigration health surcharge.

04:35Budget for this annual fee to access the UK's national health services. Business viability. Demonstrate

04:43sufficient funds to sustain your business operations and personal needs in the UK. Success strategies.

04:50From vision to victory. To maximize your chances of success, follow these key strategies. Seek expert

04:58guidance. Experience UK business immigration consultants or lawyers who understand the nuances

05:05of self-sponsorship process. Build a strong business case. Present a compelling business plan that

05:12demonstrates the company's potential for growth and contribution to the UK economy. Prepare for the

05:19compliance. Ensure your UK business adheres to relevant regulations and maintains accurate records for

05:26potential home office audits. Network and connect. Build relationships with industries, professionals and

05:33potential clients in the UK to foster your business growth. Beyond borders, the world of opportunity awaits

05:41you. The UK self-sponsorship visa is more than just a visa. It's a bridge connecting Indian

05:48entrepreneur spirit to the fertile ground of UK market. By understanding the process, planning

05:55your finances and implementing an effective strategy, you can turn your dream of international

06:01expansion into a thriving reality. It is most important to note to consult an immigration lawyer

06:09for specific guidance on your eligibility and application processes. Thank you for watching Beyond Borders.

06:16If you found this video helpful, don't forget to like, share and subscribe for more insights

06:22into expanding your business internationally. Bye.

Can I sponsor myself for a UK visa to start my own business? | Requirement of Self-Sponsorship Visa

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