You can start your business after applying for residency. With a clean policy record, no drug use history and good health, you should receive your provisional residency between 4-6 months after the application has been filed. If you apply abroad it may take you up to 1 year, if not more. You can apply for residency while in the country in just 1 day, and then fly back to the UK and wait till your documentation is ready.
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