Investing In United Kingdom

The United Kingdom (UK) offers opportunities across various sectors, including finance, technology, healthcare, and real estate. The UK boasts a stable political environment, strong legal framework, and well-developed infrastructure, making it an attractive destination for foreign investors. London, in particular, is a global financial hub, while cities like Manchester and Birmingham are emerging as centers for technology and innovation

What Are The Benefits Of Starting a Business In United Kingdom?

Starting a business in the United Kingdom offers numerous benefits, including access to global markets facilitated by strong trading relationships, a business-friendly environment with straightforward regulations and incentives for startups, a highly skilled and diverse workforce, opportunities for innovation and research collaboration supported by renowned institutions, well-developed infrastructure and connectivity, and a high standard of living with quality healthcare and education.

What We Can Do

For You?

BUSINESS
SETUP

Simplify your business launch with our comprehensive setup services, ensuring seamless market entry. We handle all legalities and documentation.

PRO
SERVICES

Our professional services streamline your business operations, from licensing to compliance, ensuring efficiency and peace of mind.

VISA
SERVICES

Navigate the visa process with ease, thanks to our expert guidance on applications and renewals for you and your employees.

ACCOUNTING AND VAT SERVICES

Optimize your financial health with our accounting and VAT services, designed to ensure compliance and maximize profits.

Sponsorship Licence For Bringing Workers To The UK

A Sponsorship Licence is granted to companies located in the United Kingdom to bring workers from another country, including Turkey, to the UK for employment purposes. Both Sole Traders and Limited companies based in the United Kingdom can apply for this licence. To bring workers with a Sponsorship Licence, the following steps need to be completed:

A detailed list of documents will be shared by us at the beginning of the process. This process takes an average of 1.5-2 months. The documents required may vary depending on the characteristics and activities of the company. However, initially, basic information about the company is obtained (such as Paye No, VAT no, company bank statements, etc.). Some other information that needs to be provided about the company includes working hours, job codes, minimum wage, and desired qualities in future employees.

The Home Office processes current applications within 8 weeks. If the Home Office accepts the licence application, it qualifies for an A-type licence, which allows for the employment and residence permission of up to 10 workers.

After the Sponsor Licence is approved, the visa application for the desired worker is processed within a 4-5 week period. It must be committed that the worker being brought in will receive an annual salary of £25,600 gross, and the worker must obtain a B1 English certificate from any institution approved by the Home Office. The worker can apply for the visa for up to 5 years and can bring their family to the UK as dependents. The Home Office has listed professions eligible for worker immigration, and the worker being brought in must be a professional in one of these occupation groups.

What is a Sponsor Licence?

  • A Sponsor Licence is a permit granted to companies located in the United Kingdom to bring workers from other countries, including Turkey, to the UK for employment purposes.
  • The licence holder can employ skilled workers for short-term, long-term, or permanent positions. Additionally, the employer decides on the duration of the worker’s visa (up to a maximum of 5 years per application). If desired, the employer can reapply to extend the visa for the worker(s).
  • Under this visa type, Skilled Workers and, if applicable, their dependents, can apply for indefinite leave to remain and subsequently for citizenship after meeting the necessary requirements for 5 years.

Which Companies Can Apply?

  • Sole Traders and Limited companies located in the United Kingdom can apply for this licence. There is no minimum turnover requirement for the applying company. The Sponsor Licence should not have been revoked within the last 12 months. Although there is no turnover requirement, we recommend that the company has a figure in its account exceeding £25,600, which is the annual salary of the first worker to be brought in.

How Does the Licence Application Process Work?

  • The documents required may vary depending on the characteristics and activities of the company. However, initially, basic information about the company is obtained (such as Paye No, VAT no, company bank statements, etc.). Some other information that needs to be provided about the company includes working hours, job codes, minimum wage, and desired qualities in future employees. Additional documents may be required for companies operating for less than 18 months.

Document Checklist For Sponsorship Licence

COMPANY DOCUMENTS:

  1. Company Insurance (Employers Liability Insurance must be minimum £5 million)
  2. 3 months’ Company Bank Statements
  3. List of employees in your company – should be in hierarchical order, listing the names and positions of individuals
  4. Lease contract, certificates, licenses for the workplace
  5. PAYE documents
  6. PAYE Reference letter, PAYE/NIC payments
  7. VAT certificate if applicable
  8. Corporation Tax Return – must be for the current financial year
  9. Certificate of Incorporation (from Companies House)
  10. Share certificate (for limited companies with partners)
  11. Partnership Agreement if applicable
  12. Companies House Documents (if possible, all changes)

DOCUMENTS BELONGING TO THE COMPANY LICENCE HOLDER:

  1. Passport
  2. Unlimited residence card if not British
  3. Proof of address with a sample invoice and lease contract

DOCUMENTS FOR THE PERSON TO BE BROUGHT IN AS A SKILLED WORKER:

  1. Passport
  2. CV – must be updated and detailed in English
  3. Educational documents – certificates and diplomas obtained
  4. Criminal record certificate from e-government portal in English
  5. Residence registration document from e-government portal in English
  6. Population registration record from e-government portal in English

Why Invest In United Kingdom?

Investing in the United Kingdom offers numerous benefits, including access to global markets facilitated by strong trading relationships, a business-friendly environment with straightforward regulations and incentives for startups, a highly skilled and diverse workforce, opportunities for innovation and research collaboration supported by renowned institutions, well-developed infrastructure and connectivity, and a high standard of living with quality healthcare and education. Additionally, the UK’s strong legal framework protects intellectual property rights, while its vibrant business community provides networking opportunities for entrepreneurs to connect with mentors, partners, and investors, making it an attractive destination for launching and growing a business.

FAQs

Are there specific legal requirements for foreign entrepreneurs?

Foreign entrepreneurs establishing businesses in the United Kingdom need to register with Companies House, choose a suitable business structure, obtain necessary visas, understand tax obligations, comply with employment laws, ensure regulatory compliance, protect intellectual property rights, and seek legal advice as needed.

The United Kingdom presents a diverse and dynamic market for entrepreneurs across sectors like finance, technology, healthcare, manufacturing, retail, and services.

The UK provides various incentives and exemptions to support new businesses, including tax relief schemes, start-up loans, R&D tax credits, business support programs, enterprise zones, grants, the Start-up Visa, and the Patent Box Scheme.

BOOK A CONSULATION

Fill out the form below and
we will call you shortly.
Contact Information
Services
Preferred Date and Time Selection for Meeting

©2024 All right reserved. Kurum Group of Companies.