Everything You Must Understand About the Self Sponsorship Visa UK
Everything You Must Understand About the Self Sponsorship Visa UK
Does Britain offer a self-sponsorship visa?
In the UK, self-sponsorship is a means for business owners to remain and operate in the country while managing their actively traded company, rather than a specific kind of visa. This entails using a skilled worker visa in conjunction with a sponsor licence for your own company located in the United Kingdom. It’s basically the same as using your company to sponsor yourself in order to work in the UK. It’s crucial to consult an expert, though, as this isn’t a simple visa category. In the UK, self-sponsorship is mostly used by entrepreneurs as a method for launching, expanding, or running their companies.
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Who or what business would qualify for self-sponsorship?
Self-sponsorship UK is available to anyone who meets each of the requirements listed below:
- Possess the necessary training, experience, or credentials in the field of the business they wish to start
- Possess a business concept or has located an established UK company to acquire
- Possesses sufficient resources to back their intended venture in the UK
Note that you are not required to invest a minimum or maximum amount for your business venture. Depending on your company’s needs, it could cost up to £25,000.
- ideally has a British citizen or someone who is permanently resident in the UK to assume the role of Authorising Officer.
- possesses the capacity to take and pass a Level B1 authorised English language test (if required)
Please be aware that the minimum level of English language proficiency needed for the visa is B1 CEFR in reading, writing, speaking, AND listening.
How does the self-sponsorship process work?
Step 1: Form a company in the UK and submit an application for a sponsor licence
Your UK company can be registered with the assistance of a registered UK accountant.
Note: You must first designate a UK-based director if you are a non-UK resident.
Timeline: Six to eight weeks, roughly.
Step 2: Put together a human resources package and give it to your UK business.
You have to make sure that your employer has the policies and procedures in place to sponsor you as a skilled worker before you can apply for a sponsor licence.
Time frame: About two days.
Step 3: Receive a Certificate of Sponsorship; we’ll help you apply for a skilled worker visa.
You’ll need a Defined Certificate of Sponsorship after your UK company sponsor licence is approved.
Timeframe: Between four and twelve weeks.
How is the self-sponsorship route better?
If you wish to establish a business or expand your current overseas operation to the UK, the self-sponsorship method might be the most advantageous way for you to work and live in the country. It is important to keep in mind that the term “self sponsorship” refers to a method of entering the UK under the Skilled Worker Visa category through sponsorship by your own business; it does not actually refer to a visa. With the help of a UK Resident Director, you can create a UK company that will sponsor your entry and employment in the country through the Self-Sponsorship Visa UK. Shares in the company are available for ownership, and no minimum investment is needed.
One of the biggest advantages of self-sponsorship UK is that it gives entrepreneurs the freedom to operate and manage their own businesses in the country without having to worry about their sponsorship being terminated by a third party that no longer needs their labour.
The ideal candidates for this visa are seasoned businesspeople or those who have studied the UK market and may have recognised an opportunity to establish a new venture here. You need to obtain a Sponsor Licence before your Company can issue a Certificate of Sponsorship.
Individuals who meet the following requirements can apply for self-sponsorship:
- The candidate should have some experience, training, or credentials in the field in which they intend to establish their business.
- The applicant must have a business idea or have located an established UK business that they wish to expand.
- The candidate must have the necessary funds to operate the business in the UK.
- Note that you are not required to invest a minimum or maximum amount in your business venture. The maximum amount could be £25,000, depending on the needs of your business.
- The applicant may designate an individual to carry out the responsibilities of the Authorising Officer who is both a resident of the UK and someone who is settled there (such as a British citizen or someone with ILR).
- If necessary, the candidate must take and pass an authorised Level B1 certified English language exam.
How can I apply for a licence to sponsor someone?
A minimum of four supporting documents attesting to the company’s legal presence in the UK must be provided by your UK company; these documents may include, but are not limited to:
- latest bank statement from the UK
- Certificate of Employer’s Liability Insurance
- VAT receipt
- documents from HMRC displaying the Accounts Reference Number and PAYE.
- An organisational chart displaying the current workforce and open positions.
- A letter verifying certain information about your organisation, including business services, hours of operation, open positions, your (potential) role, and the pay you will receive.
Additional details
The following should be in place for the UK company:
- A website that works (if applicable)
- An email address for the company
- In the early stages of a business, a business plan
Step 2: Prepare a Human Resources package and send it to your UK business.
You have to make sure that your employer has the policies and procedures in place to sponsor you as a skilled worker before you can apply for a Sponsor Licence.
Time frame: About two days.
Step 3: Receive a Certificate of Sponsorship; we’ll help you apply for a skilled worker visa.
You will need a Defined Certificate of Sponsorship (if applying from outside the UK) or an Undefined Certificate of Sponsorship (if switching from within the UK) once your UK company sponsor licence has been approved.
Timeframe: Between four and twelve weeks.
For my UK business, is there a minimum investment required?
There is no set amount that can be invested; it can be as little as £25,000 or more.
I want to be a director and a 100% shareholder in the UK company.
It is possible for you to hold all of the shares and to serve as the director.
What role will I play in the UK company?
You might hold a majority stake in the UK company, and your title could be anything from director of operations to managing director, depending on what position you take on that is pertinent to running your company.
Can I work somewhere else in the UK?
You might be permitted to work two jobs, but they must comply with the stringent requirements of your visa (supplemental employment).
How much time does the visa last?
The first visa may be granted for a maximum of five years, but not for any shorter time.
What is the cost of the visa?
Ranging from £464 to £1,408. There are other charges that must be paid, such as the Immigration Health Surcharge, which is currently £470 for dependent children and £624 for adults annually.
In the event that my business is unsuccessful, what will happen to my visa?
For four years, the Sponsor Licence is in effect. An application for renewal must be submitted to the Home Office at the conclusion of the four-year period. You are allowed to keep the sponsor licence as long as your business is open for business and trading. You would have to turn in the sponsor licence if the company decided to close its doors. You would need to change your immigration status in order to be able to live and work in the UK if you were to lose or surrender your licence.
Is it okay for me to bring my children and/or spouse?
Absolutely, you are welcome to bring your spouse, partner, and/or minor children into the UK.
Do I have to get paid while I’m self-supporting?
Yes, your employer must ensure that you receive a salary that meets the minimum wage requirements for the position you are sponsored for.
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WHATSAPP CHANNEL -The London Daily Channel is a place where you can learn about different things in the UK, such as education, how people live, staying healthy, finding work, and job openings. The posts will be useful for people who have recently arrived in the UK, such as students, job seekers, or tourists. Join With Us: https://whatsapp.com/channel/0029Va4bIhd6GcGCVFJLgE2L