Self-Sponsorship Route for Graduates
Graduate visa holder in the UKwho have completed their education are generally at a crossroad and potentiallyconsidering various options to achieve their objectives in life. If you are inthis situation this might be a good read for you.
You may be interested in workingfor a company for the 2-year period of your visa however you are also probablywondering what you can do after the end of your visa. Where you have found theright career path and a suitable employer, you have the option to switch to askilled worker visa.
There are however a vast numberof graduates who wish to work for themselves and are exploring the options to setup and run their own business.
If you think running your ownbusiness is the right path for you then you might be interested in exploringthe self-sponsorship route. Self-sponsorship is an innovative way, which canoffer several benefits to those looking to stay in the UK for a long-term. Inthis blog, we’ll highlight some of the key advantages of self-sponsorship andwhy it might be the right choice for you.
This route in simple terms isabout setting up a business and getting a sponsor licence for it. Once yourcompany has a licence to sponsor it can sponsor any individual includingyourself as a skilled worker to work in the company. This results in you beingable to extend or switch you visa to a skilled worker which leads to settlementin the UK after 5 years. In the meanwhile, you have control over thesponsorship as the company in itself is yours.
One of the biggest advantages ofself-sponsorship is that it gives you greater flexibility over your career andprofessional life in the UK. You are in control of the duration and terms ofyour employment unlike when you work for another organisation. This allows youto start your own business, work for yourself and build up your company. Thisgives you the freedom to pursue your own ideas and ambitions, without having tobe restricted by the terms of a traditional employment contract.
Pathway to settlement
The self-sponsorship route canalso provide a pathway to settlement in the UK. You may be eligible to applyfor indefinite leave to remain (ILR) after five years of successfully workingfor your own business. ILR allows you to live and work in the UK without anytime restrictions and gives you access to a range of benefits andopportunities. If you have been on an ILR for 12 months you may then choose toapply for British nationality. Whilst these are the options ahead, you controlyour destiny and it’s entirely up to you about how you may wish to proceed.
Improved earning potential
By taking the self-sponsorshiproute, you have the potential to increase your earning power. Running your ownbusiness or being a self-employed professional can often lead to higherearnings, compared to working for someone else. Additionally, if your businessis successful, you may be able to grow it and increase your income over time.You can also as a licence holder, sponsor other talented individuals to workfor your company as you deem fit.
Opportunities for personal and professional growth
Starting your own business orinvesting in a new venture can be a challenging but rewarding experience. Itprovides opportunities for personal and professional growth, as you develop newskills, build networks, and create something meaningful. The self-sponsorshiproute can also give you the chance to make a real impact in the UK andcontribute to its economy.
Access to funding and support
The UK government offers a rangeof funding and support schemes for start-ups and businesses and this assistancecan be tapped into. As a business, you maybe eligible for these initiatives, giving you access to the resources you needto succeed.
Whilst all the benefits of theself-sponsorship route sound attractive, it’s also important for you toconsider at the outset if this is the right and viable option for you. If youdon’t intend to run your own business then this may not be for you. Running abusiness is also not a simple task. You would be required to adhere will allthe responsibilities that would be placed on your business being a sponsor andit’s important to understand them in order to adhere with them.
How we can assist
This route is simple in theoryhowever at various steps there are multiple factors and regulations you wouldneed to consider in order to achieve a positive and sustainable outcome. Wehave dealt with tons of clients who have explored this route only to concludethis may not be the right one.
We can assess your eligibility;understand you goals and complete an assessment all for free. If you qualifyand intend to proceed, we can be there every step of the way. There is no onesize fits all in this approach and hence we will create a bespoke strategy andfollow the course of action best fit for your scenario.
Get in touch with us to today andget started on creating an exciting future.