Tips on Taking your Online Business to the United Kingdom

Tips on Taking your Online Business to the United Kingdom

The UK is famous for various reasons; some of these include David Beckham, The Big Ben, red busses, black cabs, the Beatles, tea, and most importantly, one of the strongest economies around. More than thirty million individuals are employed within the United Kingdom while maintaining one of the lowest unemployment rates on the globe. Although, as a foreigner, it’s not quite simple to start working within the UK. If you’re not a citizen within the UK or Switzerland, you have some administration to do before you start job hunting in the United Kingdom. In this article, we’ll look at exactly what to do and how you’ll be able to obtain the right to work within the UK.

1. Know what you’re looking for

If you know what kind of job or business you want to set up in the UK, it can make things a lot easier when applying for visas and figuring out how extended your stay will be. This step in your planning process will play a significant role in how easy your paperwork will be once you start. 

This is primarily due to the various types of Visas you get, depending on your country of origin and what you’re planning on doing within the UK. But, of course, you can always look at legal assistance for obtaining a visa for yourself or perhaps apply for a spouse visa extension. With legal professionals, you’ll have far more peace of mind and far less stress during the process. 

2. Find the correct visa 

The immigration law that created various visas was designed with people like those considering starting their own business as entrepreneurs. As such, they have less strict requirements than most other immigrant classes do, including lower investment thresholds, which means there’s less money needed upfront. 

There is also no requirement for any significant prior experience within the UK, which is often required for other visas. The Tier One Entrepreneur Visa includes three streams: Investment, Self Employment and Patents. So whether you’re investing in the UK, starting up a new e-commerce business, or living off your patent royalties, there’s an option for everyone. 

Investment Immigration requires an investment of £200K or more in the business you want to set up – this can be done by providing cash and contributions towards specific securities. Donations may also include services rendered, but these are limited to property development projects where no significant physical assets will need to be purchased.

3. Comply with regulations

These visas are subject to more strict requirements than Tier One Entrepreneur Visas, although it’s worth looking into these before taking action as they can only last for three years. Requirements include having £50k invested by yourself upfront without any financial contributions from family members and using that stake within 12 months to fund your new venture while also showing evidence of planning, such as starting with obtaining relevant licenses.

It would be wise to seek help from professionals as the UK immigration law is comprehensive and ordinary individuals will struggle to grasp it. 

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