Home Office to offer startup visas to foreign tech entrepreneurs

The UK government plans to open up more visas for foreign tech entrepreneurs to start businesses in the UK. This new ‘startup visa’, designed following advice from the Migration Advisory Committee and feedback from the tech sector, will replace the scrapped graduate visa route, and will require applicants to have an endorsement from a university or approved business sponsors, such as startup accelerators. Launching in spring 2019, the new visa route follows efforts to expand the use of visas to attract foreign talent to the UK in an attempt to tackle the skills shortage. The government’s plans to open up visas have coincided with the launch of startup promotion body Tech Nation’s first ever fintech programme. Leading UK fintech experts will judge applications from promising startups, and Tech Nation will showcase the winners to the American market.

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