Are you an innovator, founder, or skilled worker with a dream to start your own business but feel held back by the strength of your CV? If so, we have some exciting news for you.
The Isle of Man, a small island nestled in the Irish Sea between the UK and Ireland, offers a unique opportunity for aspiring entrepreneurs like you.
The Isle of Man: A Growing Economy
Despite its small population of less than 100,000, the Isle of Man’s economy has been experiencing significant growth.
This growth is due to its strategic positioning as a tax haven. Here, there is no corporate tax, and the income tax is a mere 10%. This favourable tax environment makes it an attractive destination for startups and businesses.
The Startup Visa: A Path to Success
The Isle of Man offers a Startup Visa that lasts for 2 years and 4 months. The best part? There’s no investment requirement.
All you need is an innovative business plan that must be endorsed by the Department for Enterprise. And guess what? There’s no endorsement fee.
Family and Finances
Worried about leaving your family behind? With this visa, you can bring your family along. Plus, this visa is exempt from the Immigration Health Surcharge (IHS).
Application Process
Once your business plan is endorsed, you can apply for the visa online. The visa fees are £363 if you’re applying from outside the UK and £493 if you’re applying from within the UK.
The entire process from idea to visa can take between 3-6 months.
What Happens Next?
After your Startup Visa ends, you can switch to the Innovator Visa, again with no investment requirement. Following this, you will be eligible for a British passport.
So why wait?
Turn your business dream into reality with the Isle of Man Startup Visa.
For more information, visit our website at www.ideawarehouse.co.uk.
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