Navigating UK's Visa Hurdles: Self-Sponsorship Emerges as a Solution for Indian Businesses

The UK is a preferred destination for 89% of Indian businesses despite challenges posed by restrictive immigration policies. Self-Sponsorship offers a viable solution, enabling firms to establish UK ventures independently. Indian businesses advocate for a Free Trade Agreement to foster easier entry and increase bilateral trade.

A recent study reveals that 89% of Indian businesses look to the UK as a favored international market. Despite recognizing the opportunities, these businesses face hurdles from the UK's stringent immigration and visa policies, which limit trade and investment initiatives.

Experts suggest that a self-sponsorship model is emerging as a viable solution. Developed by A Y & J Solicitors, this model allows foreign businesspeople to establish companies in sectors like IT and construction without traditional visa routes, which have been largely replaced as part of a broader immigration reform. Yash Dubal, the director, has facilitated over 140 such applications, emphasizing the system's importance for small investors.

Indian businesses also advocate for a Free Trade Agreement (FTA) with the UK to enhance market opportunities. A Grant Thornton report noted that 92% of surveyed companies support the FTA. Currently, over 970 Indian firms operate in the UK, contributing to significant economic activity, though visa issues continue to hamper talent acquisition.

(With inputs from agencies.)