The Home Office issued a new Statement of Changes to the Immigration Rules which are due to take place on 29 March 2019.
Included in the statement is the creation of the new Start-up visa and Innovator visa. The new categories will replace the current Tier 1 (Graduate Entrepreneur) and Tier 1 (Entrepreneur) routes.
Central to the new categories will be an endorsement of the applicants by a UK trusted body. This is a welcome change to the current system as business proposals will be assessed by experts rather than a civil servant at the Home Office.
Successful applicants will include those with business ideas which are innovative, viable and scalable.
On Thursday the Home Office announced it will be bringing forward the creation of two new visa routes, purpose-built to attract leading business talent to British shores. Both the startup and innovator visa will now come into effect as on 29 March 2019, with no cap on the number of applicants.