Thinking about launching a business in the UK as an expat? You’re in good company. With its dynamic market and robust economy, the UK is a prime destination for entrepreneurs from around the globe. But before you dive in, navigating the complex world of business visas is crucial.
Understanding the right visa can be the difference between a seamless transition and a bureaucratic nightmare.
This guide dives deep into the diverse business visa options available for expats eager to set up shop in the UK. From the Tier 1 (Entrepreneur) Visa to the innovative Start-up Visa, each option has its unique perks and challenges.
Whether you’re planning a tech startup or expanding an existing enterprise, knowing which visa aligns with your business goals is key. Let’s explore the pathways that can turn your business dream into a UK reality.
Introduction to Business Visa Options for Expats in the UK
The UK has long been a coveted destination for entrepreneurs and businesses due to its thriving economy and strategic geographic position. For expats aiming to start a company in the UK, understanding the various business visa options is crucial. Navigating these options effectively can mean the difference between a smooth transition and a challenging start to your business journey in the UK.Understanding the visa options available is vital not only for compliance with immigration laws but also for selecting the option that aligns best with your business goals and circumstances.
Each visa type carries specific requirements and benefits, thus impacting your business operations and your ability to live and work in the UK.
Tier 1 (Innovator) Visa
For serious entrepreneurs, the Tier 1 (Innovator) Visa offers an attractive opportunity. This visa is designed for individuals with innovative, viable, and scalable business ideas. It requires a significant investment and an endorsement from a recognized endorsing body in the UK.
- This visa necessitates an investment of at least £50,000 into your business.
- Applicants must present a comprehensive business plan that demonstrates the innovation and scalability of the business.
- Endorsement is required from an approved body that could include business accelerators or venture capital firms.
- The visa is initially granted for three years and can be extended, leading to potential settlement in the UK.
Start-up Visa
The Start-up Visa is tailored for budding entrepreneurs who have a high-potential business idea but do not yet have the funds required for the Innovator Visa.
- No initial funding is required, making it accessible for new entrepreneurs.
- Endorsement from an authorized body, such as a university or a business organization in the UK, is necessary.
- It allows individuals to stay in the UK for two years, with an option to switch to an Innovator Visa afterwards.
- This visa is ideal for those still developing their business model and looking for mentorship and growth opportunities.
Sole Representative Visa
For established companies abroad looking to expand their presence in the UK, the Sole Representative Visa provides an excellent route.
- This visa is intended for companies wishing to send a representative to the UK to establish a branch or a wholly-owned subsidiary.
- The representative must be a senior employee with full authority to make decisions on behalf of the company.
- The parent company must be based outside the UK and intend to maintain its principal place of business overseas.
- This visa is granted for three years initially, with the possibility of extending it for another two years.
Understanding the nuances of each visa option can empower you to make an informed decision that aligns with your business strategy, opening doors to growth and innovation in the UK market.
Tier 1 (Entrepreneur) Visa
Navigating the landscape of business visas in the UK can be daunting, but the Tier 1 (Entrepreneur) Visa stood out as an option for expats aiming to start a company in the UK. Although this visa route has been closed for new applicants since March 2019, understanding its past requirements provides valuable insight into the level of preparation and commitment needed for business endeavors in the UK.The Tier 1 (Entrepreneur) Visa was designed to attract seasoned business professionals who intended to either join or establish a business in the UK, fostering economic growth and innovation.
Below, we delve into the various facets of this visa category, including eligibility, application process, and investment prerequisites.
Eligibility Criteria for the Tier 1 (Entrepreneur) Visa
To qualify for the Tier 1 (Entrepreneur) Visa, applicants needed to meet stringent criteria that ensured only serious business professionals were granted entry. The eligibility requirements were multifaceted and demanded significant financial commitment and business acumen.
- Applicants must have had access to at least £200,000, which could be their own funds or sourced from a third party. Alternatively, £50,000 could suffice if sourced from specific registered organizations.
- Proficiency in the English language was mandatory, necessitating either a degree taught in English or passing an approved English language test.
- Evidence of sufficient personal savings to support oneself while in the UK, without needing public funds, was required.
- A credible business plan demonstrating the ability to create at least two full-time jobs for resident workers was essential.
Process of Applying for the Tier 1 (Entrepreneur) Visa
The application process for the Tier 1 (Entrepreneur) Visa was comprehensive and required meticulous preparation. Ensuring accurate and complete documentation was critical to avoid application delays or rejections.Applicants had to complete an online application form, upload all necessary documents, and book an appointment at a UK visa application center for biometric information collection.
Supporting documents included a detailed business plan, financial statements, evidence of English proficiency, and proof of funds. The decision period typically spanned several weeks, requiring applicants to plan adequately.
Investment Requirements and Business Plan Essentials
A cornerstone of the Tier 1 (Entrepreneur) Visa was its investment requirement, reflecting the UK’s emphasis on attracting genuine entrepreneurs with the capacity to enhance the local economy.Investment funds of at least £200,000 were essential, earmarked specifically for business endeavors within the UK.
These funds had to be held in a regulated financial institution and be freely transferable to the UK. In cases where applicants sought the reduced threshold of £50,000, funds had to be sourced from reputable organizations such as UK venture capital firms or seed funding competitions.A robust business plan was indispensable, serving as a blueprint for the proposed business activities.
It needed to clearly Artikel business goals, market analysis, competitive landscape, and financial projections, along with demonstrating job creation potential. A well-crafted business plan showcased the applicant’s understanding of the UK market and their strategy for achieving business success.
“The Tier 1 (Entrepreneur) Visa was more than just a visa; it was a commitment to contribute significantly to the UK’s economy through entrepreneurship.”
Tier 1 (Investor) Visa
The Tier 1 (Investor) Visa is a significant opportunity for expats looking to establish a business presence in the UK. This visa category is designed for high-net-worth individuals who aim to invest substantial amounts in the UK economy, making it an attractive option for those with the financial capability to leverage their investments for business initiation and expansion.This visa allows investors to reside in the UK for up to three years and four months, with the possibility of extending for another two years.
It offers flexibility to engage in business activities while providing a pathway to permanent residency, making it a favorable option for business starters with considerable financial resources.
Financial Requirements
To qualify for the Tier 1 (Investor) Visa, applicants must meet specific financial thresholds which are crucial for the application process. Understanding these requirements is vital for planning and successful application.
- Applicants must have access to at least £2 million, which should be disposable and held in a regulated financial institution.
- The funds must be freely transferable to the UK and available for investment in UK businesses.
- Evidence of the source of funds might be required if the money has been held for less than two years.
These financial requirements ensure that applicants can significantly contribute to the UK economy, aligning with the visa’s objectives to attract high-value investments.
Benefits and Limitations of Tier 1 (Investor) Visa
The Tier 1 (Investor) Visa comes with several benefits, making it a desirable route for expats with adequate financial resources. However, it also has certain limitations that applicants should consider.Benefits:
- Investors are granted the freedom to work or engage in business activities without a sponsor.
- The visa provides a swift pathway to settlement, with accelerated routes available for higher investments (£5 million or £10 million).
- Investors can bring family members to the UK, enjoying the same rights as the main applicant.
Limitations:
- The high financial threshold limits accessibility to only those with significant financial means.
- Investment funds must be deployed in active and trading UK businesses, which excludes property investment and other passive income sources.
- Regular review and compliance checks are required to ensure investments remain within qualifying criteria, adding to administrative responsibilities.
The Tier 1 (Investor) Visa offers a unique opportunity for business initiators to integrate into the UK market, provided they meet the stringent financial prerequisites and are prepared to manage the associated responsibilities.
Innovator Visa
The Innovator Visa is tailored for seasoned entrepreneurs seeking to establish innovative businesses in the UK. This visa caters to individuals with a viable business idea that contributes to the UK market, particularly those in emerging sectors or with disruptive technologies.
Applicants need not only a robust business plan but also an endorsement from an approved UK endorsing body.Eligibility conditions for the Innovator Visa include requirements for innovation, viability, and scalability of the business idea. Applicants must also demonstrate their ability to support their enterprise financially, without needing recourse to public funds.
Eligibility Conditions
Applicants must meet specific criteria to qualify for the Innovator Visa, ensuring their business idea is set for success and contributes positively to the UK economy. The following are key eligibility conditions:
- An endorsement from an approved body confirming the business idea is innovative, viable, and scalable.
- A minimum investment of £50,000 to support the business. This capital can be from personal funds or other sources.
- Competence in the English language, with a minimum level of B2 as per the Common European Framework of Reference for Languages (CEFR).
- A comprehensive business plan illustrating how the business will be developed and contribute to the UK economy.
Endorsement Process by a Recognized Body
Securing an endorsement is a critical step in the Innovator Visa application process. This endorsement must be obtained from a body recognized by the UK government. The process involves:
- Submitting a detailed business proposal to the endorsing body.
- Demonstrating that the business idea is innovative, offering something new to the market.
- Proving viability through a solid business plan that Artikels financial sustainability and potential growth.
- Showing scalability by illustrating the potential for job creation and market expansion.
Receiving an endorsement confirms that the applicant’s business aligns with the UK’s economic and innovation objectives, thus paving the way for successful entry into the UK market.
Facilitating Business Innovation in the UK
The Innovator Visa not only allows expats to establish businesses in the UK but also plays a crucial role in fostering innovation and economic growth. This visa opens up opportunities for bringing new ideas and technologies to the UK, contributing to diverse industries and enhancing competitiveness on a global scale.
- Encourages the introduction of cutting-edge technologies and methodologies.
- Promotes diversity in the business landscape, attracting talent from around the world.
- Strengthens industry sectors by supporting innovative startups and enhancing R&D activities.
- Drives job creation and skills development, benefiting the wider economy.
The Innovator Visa is pivotal in transforming the UK into a hub of innovation and entrepreneurship, ensuring a dynamic and robust business environment.
Start-up Visa
The Start-up Visa is a vital entry point for aspiring entrepreneurs who aim to set up a new business in the UK. Designed to attract fresh talent and innovative business ideas, this visa is ideal for those at the beginning of their entrepreneurial journey.
It supports the establishment of ventures that bring something novel to the UK’s business landscape.
Qualifications for a Start-up Visa
To qualify for a Start-up Visa, applicants must meet specific criteria that demonstrate their potential to contribute to the UK economy. The essential qualifications include:
- A valid endorsement from an approved endorsing body, affirming the business idea’s innovation, viability, and scalability.
- Fulfillment of the English language requirement, ensuring effective communication and integration into the business community.
- Sufficient personal savings to support themselves while in the UK, demonstrating financial stability and independence.
These qualifications ensure that only serious and capable entrepreneurs are granted the opportunity to start their business journeys in the UK.
Support for New Entrepreneurs
The Start-up Visa provides substantial support to new entrepreneurs, fostering a conducive environment for business growth. Endorsing bodies not only evaluate business proposals but also offer mentorship and advice to help navigate the challenges of starting a business. These organizations, which range from universities to business accelerators, play a crucial role in guiding entrepreneurs through the initial stages of their ventures.
Additionally, the visa allows applicants to stay in the UK for two years, offering ample time to establish and grow their business. After this period, entrepreneurs can transition to an Innovator Visa if their business meets further criteria, facilitating long-term business development and residency prospects in the UK.
Business Sectors Benefiting from the Start-up Visa
While the Start-up Visa is sector-agnostic, certain industries have shown significant promise and alignment with the visa’s objectives. These sectors include:
- Technology: Innovations in software, digital services, and tech-based solutions are at the forefront, especially with the UK’s strong tech ecosystem.
- Healthcare: Start-ups focused on healthcare advancements, including telemedicine and biotechnology, are crucial given the growing demand for improved healthcare solutions.
- Green Energy: Businesses addressing environmental challenges with sustainable solutions benefit from the UK’s commitment to reducing carbon emissions.
These sectors exemplify the type of transformative impact the UK seeks from start-up enterprises, contributing to economic growth and societal progress.
The Start-up Visa is not just a visa; it is a gateway to innovation and entrepreneurship in the UK.
Sole Representative of an Overseas Business Visa
The UK offers a unique opportunity for businesses looking to expand their operations with the Sole Representative of an Overseas Business Visa. This visa is specifically tailored for companies that wish to establish a commercial presence in the UK, making it an attractive option for overseas businesses planning expansion.
It allows a senior employee to act as the representative of the company, facilitating the establishment and growth of the business within the UK market.The Sole Representative Visa provides numerous advantages to businesses wanting to establish a UK presence. Not only does it enable easier market entry, but it also allows the representative to gain valuable insights into the UK’s business environment, helping to tailor the company’s services or products to better fit the local market demands.
Qualifications and Requirements
To qualify for the Sole Representative of an Overseas Business Visa, applicants must meet specific criteria set by the UK government. The primary qualifications ensure that the individual is genuinely representing an overseas business and is not merely relocating for personal reasons.
- The applicant must be a senior employee of the overseas business, demonstrating the authority to make decisions on behalf of the company.
- The business must be active and trading outside of the UK, with no existing branch, subsidiary, or other representative in the UK.
- The applicant must be recruited and employed outside of the UK, intending to establish the first UK presence.
- The business must demonstrate its intention to set up a UK branch or wholly-owned subsidiary.
Benefits for Business Establishment
Expanding into the UK market via the Sole Representative Visa offers several strategic advantages. These benefits are pivotal for businesses considering establishing a footprint in one of the world’s leading economic centers.
- Strategic Market Entry: Establishing a foothold in the UK can open doors to new customer bases and partnerships.
- Brand Recognition: Presence in the UK elevates the brand’s credibility and recognition on a global scale.
- Access to Resources: The UK provides a rich pool of resources, including skilled labor and advanced infrastructure.
- Regulatory Conditions: The UK business environment is conducive to foreign businesses, offering support and guidance for new entrants.
Documentation and Approval Process
The application process for the Sole Representative Visa involves meticulous preparation and submission of documentation. The approval process is designed to ensure that the business intentions are genuine and aligned with UK immigration policies.
- Valid Passport: The applicant must possess a valid passport or travel document.
- Business Documentation: This includes a detailed business plan, company accounts, and organizational structure to demonstrate the company’s operations.
- Employment Evidence: Documents proving the applicant’s employment history and role within the company.
- Financial Records: Provide evidence of the company’s financial health, such as bank statements and financial reports.
- Letter of Intent: A formal declaration from the overseas business outlining the expansion plans into the UK.
The approval process involves an evaluation by UK immigration authorities to verify the authenticity and viability of the business’s UK establishment plans. Once approved, the representative can operate in the UK, laying the groundwork for future business operations.
Intra-company Transfer Visa
The Intra-company Transfer (ICT) Visa is a crucial option for multinational companies aiming to expand their business operations into the UK. It allows existing employees of an international company to be transferred to a UK branch, facilitating business growth and knowledge exchange within the organization.
This visa is particularly beneficial for businesses wanting to ensure continuity and leverage their global talent pool within the UK market.ICT visas are divided into different types of transfers, each catering to specific business needs and employee roles within the company.
Understanding these distinctions is vital for companies planning their operational strategy in the UK.
Types of Transfers Under Intra-company Transfer Visa
The Intra-company Transfer Visa is primarily split into two categories, each serving different purposes and eligibility criteria. This structure enables businesses to align their expansion strategy with the appropriate visa type, ensuring compliance and efficiency.
- Long-term Staff:Designed for employees who have been with the company for over a year and are being transferred to a UK branch for a longer duration. This allows companies to relocate key personnel who possess essential skills and experience needed in the UK.
- Graduate Trainee:Aimed at recent graduates who are part of a structured graduate training program with the company. This category supports the development of fresh talent through international exposure and training, enhancing their skills in line with the company’s global objectives.
Relationship Between Parent Company and UK Entity
The relationship between the parent company and its UK entity is pivotal in qualifying for the ICT Visa. The UK branch must be a legitimate extension of the international company, often requiring substantial documentation to prove the business connection.To establish this relationship, companies must ensure that the UK entity is actively engaged in business operations that align with the parent company’s objectives.
The parent company is typically expected to have ownership or control over the UK entity, facilitating seamless integration and management of transferred employees.
“The synergy between the parent company and its UK branch is essential for leveraging talent and ensuring business continuity across borders.”
This interconnectedness not only allows for strategic deployment of personnel but also promotes the transfer of knowledge and expertise, enhancing overall business performance. It is crucial for companies to maintain clear communication and operational policies that support their international workforce, thereby maximizing the benefits of the Intra-company Transfer Visa.
Comparison of Visa Options
Navigating the business visa landscape in the UK can be complex, especially for expats aiming to start their companies. With various visas catering to different business needs and goals, understanding key features, pros, and cons is crucial in making an informed decision.
Here, we break down each visa option to provide a clear comparative overview.
Key Features of Business Visas
Choosing the right visa often depends on individual circumstances and business intentions. Here’s a table that Artikels the key features of each business visa option available to expats in the UK:
| Visa Type | Investment Required | Eligibility Criteria | Target Applicant |
|---|---|---|---|
| Tier 1 (Entrepreneur) Visa | £200,000 | Access to investment funds, English language proficiency, maintenance funds | Entrepreneurs with substantial investment funds |
| Tier 1 (Investor) Visa | £2,000,000 | Investment funds, age criteria, maintenance funds | High-net-worth individuals |
| Innovator Visa | £50,000 | Innovative, viable, scalable business idea endorsed by an approved body | Experienced businesspeople |
| Start-up Visa | None | Endorsed business idea, English language proficiency | New entrepreneurs |
| Sole Representative Visa | None | Senior employee of an overseas company expanding to the UK | Representatives of overseas businesses |
| Intra-company Transfer Visa | None | Employment with an overseas company, salary threshold | Multinational company employees |
Pros and Cons of Each Visa Type
Understanding the advantages and limitations of each visa can help in aligning business goals with immigration options. Below is an exploration of the strengths and weaknesses associated with each visa type.
- Tier 1 (Entrepreneur) Visa:
Pros:
High investment potential, pathway to permanent residency.
Cons:
Requires substantial funds, stringent eligibility criteria.
- Tier 1 (Investor) Visa:
Pros:
No business experience requirement, flexible investment options.
Cons:
High financial threshold, mainly benefits high-net-worth individuals.
- Innovator Visa:
Pros:
Lower investment requirement, encourages innovation.
Cons:
Need for endorsement, focus on scalability and business viability.
- Start-up Visa:
Pros:
No investment needed, ideal for new entrepreneurs.
Cons:
Non-renewable, short initial validity.
- Sole Representative Visa:
Pros:
Suitable for company expansion, no investment required.
Cons:
Limited to employees, can’t switch roles or businesses.
- Intra-company Transfer Visa:
Pros:
Supports internal company mobility, no investment needed.
Cons:
Tied to company employment, salary constraints.
Comparison of Visa Durations and Extensions
The duration of stay and opportunities for extension significantly impact long-term business planning. Here’s how each visa option varies in terms of length and renewability.
- Tier 1 (Entrepreneur) Visa:Initially 3 years and 4 months, extendable for another 2 years.
- Tier 1 (Investor) Visa:Initially 3 years and 4 months, extendable for another 2 years.
- Innovator Visa:Valid for 3 years, with the possibility of extension if criteria are met.
- Start-up Visa:Valid for 2 years, non-renewable, but transitionable to an Innovator Visa.
- Sole Representative Visa:Initially 3 years, extendable for another 2 years.
- Intra-company Transfer Visa:Valid for up to 5 years, depending on the position, non-renewable beyond specific roles.
Legal and Financial Considerations
Entering the UK market as an expat entrepreneur requires a thorough understanding of the legal and financial landscape tied to business visas. Each visa category has unique legal implications and financial obligations which must be carefully navigated to ensure compliance and success.Selecting the appropriate visa is crucial as it dictates the legal framework within which you can operate your business.
The financial commitments include meeting specific capital requirements and understanding tax obligations. Failure to address these considerations can lead to compliance issues, impacting both your business operations and residency status in the UK.
Legal Implications of Business Visa Selection
The choice of business visa affects your legal standing in the UK and defines the scope of your business activities. Each visa comes with specific conditions such as investment requirements, business scope, and residency limitations.
- The Tier 1 (Entrepreneur) Visa mandates a minimum investment of £200,000 and requires the creation of at least two full-time jobs for settled workers in the UK.
- The Innovator Visa requires applicants to have a viable, scalable business idea endorsed by an approved body.
- The Sole Representative Visa allows a company to establish a branch in the UK, but prohibits the visa holder from engaging in other employment.
These distinctions mean that the visa you choose not only impacts your operational freedom but also defines your long-term business strategy in the UK.
Financial Obligations and Tax Considerations
Understanding the financial landscape is vital for expat entrepreneurs to avoid unexpected liabilities. Each visa comes with its own set of financial commitments and tax considerations.
- Visa applicants must demonstrate sufficient funds to support themselves without recourse to public funds.
- Entrepreneurs on Tier 1 Visas are required to maintain their investment funds in a regulated financial institution.
- Tax obligations include understanding VAT registration thresholds and National Insurance contributions for employees.
For instance, if your business turnover exceeds £85,000, you must register for VAT and comply with associated tax regulations. Understanding these requirements helps in planning finances efficiently and avoiding penalties.
Common Compliance Issues and Solutions
Many expat entrepreneurs encounter compliance challenges due to the complex regulatory environment. Familiarity with common pitfalls and proactive strategies can mitigate these issues.
- A frequent issue is failing to meet employment creation requirements, which can be addressed by strategic hiring and maintaining proper documentation.
- Another common problem is misunderstanding tax obligations, which can be mitigated by consulting with tax professionals specializing in UK business law.
- Non-compliance with visa conditions, such as permissible business activities, can result in visa revocation. Regular legal audits can help ensure adherence to visa conditions.
By being aware of these issues and taking proactive steps, expat entrepreneurs can maintain compliance and focus on growing their business sustainably in the UK market.
Resources for Expats
Navigating the visa process can be a daunting task for expats aspiring to start a business in the UK. Fortunately, there are numerous organizations and resources dedicated to assisting these entrepreneurs in acquiring the necessary visas. These resources not only provide guidance but also offer support networks crucial for the success of foreign entrepreneurs in the UK.Several organizations specialize in helping expats understand and navigate the complexities of the UK visa system.
They offer valuable information, workshops, and consultations to ensure that entrepreneurs meet all necessary requirements and deadlines.
Organizations and Resources
There are various organizations dedicated to helping expats secure business visas in the UK, providing comprehensive support throughout the process. These include:
- UK Visas and Immigration (UKVI):The official government body that provides up-to-date information and resources for all visa categories. Their website is a primary source of official guidance regarding business visas.
- British Chambers of Commerce:Offers resources and support to businesses throughout the UK, including networking opportunities and advice on business-related issues for expats.
- StartUp Britain:A national campaign by entrepreneurs for entrepreneurs, offering workshops, advice, and resources tailored to expat entrepreneurs looking to establish businesses in the UK.
- Immigration Lawyers and Consultancy Firms:Firms like Fragomen, Deloitte, and PwC provide specialized legal advice and processing services for expats requiring assistance with their visa applications.
Support Networks for Foreign Entrepreneurs
The UK hosts a vibrant ecosystem of support networks designed to assist expat entrepreneurs as they establish and grow their businesses. These networks provide not only practical assistance but also moral support and community connections.
- Tech Nation:Offers a range of programs, including the “Tech Nation Visa” for exceptional tech talent, and provides mentoring, networking, and workshops to support entrepreneurs.
- Global Entrepreneur Programme (GEP):Run by the UK Department for International Trade, this program supports expat entrepreneurs by offering guidance and mentorship from experienced entrepreneurs and investors.
- Co-working Spaces and Accelerators:Places like WeWork, TechHub, and Level39 offer vibrant communities where expat entrepreneurs can collaborate, network, and participate in events that aid in business growth.
“The support I received from UK-based networks was invaluable. From gaining insights into the local market to building a customer base, these resources were a game-changer in my entrepreneurial journey.”
Maria Gonzalez, Founder of EcoSolutions Ltd.
Ending Remarks
Embarking on the journey to start a company in the UK as an expat is both exciting and challenging. Choosing the right visa not only facilitates this process but sets the foundation for future success. We’ve explored the various visa options, each tailored to different business needs and financial situations.
By understanding these pathways, you can make informed decisions that align with your entrepreneurial vision, ensuring that your business thrives in the vibrant UK market.
Questions and Answers
What is the best visa for starting a business in the UK?
The best visa depends on your specific situation and business goals. The Innovator Visa is ideal for those with a new, innovative business idea, while the Tier 1 (Investor) Visa suits those with significant capital to invest.
How long does it take to get a business visa in the UK?
The processing time varies by visa type, but generally, it can take several weeks to a few months. It’s important to apply well in advance of your planned business start date.
Can I switch from a Tier 2 visa to a business visa?
Yes, it is possible to switch to a business visa from a Tier 2 visa, provided you meet the eligibility criteria for the new visa category.
Are there any financial requirements for the Start-up Visa?
Unlike some other business visas, the Start-up Visa does not require initial capital investment. However, you must be endorsed by an approved body.
