The UK innovator visa, like the start-up visa, was created to attract skilled foreign nationals from all over the world to come to the UK and bring with them exciting new company ideas that would propel industries forward with inventive concepts.
To be eligible for an innovator visa, you must show that your firm is viable, scalable, and innovative to the Home Office and an endorsing authority.
If you meet the following criteria, you may apply for an Innovator Visa:
You must demonstrate that your business concept is:
You must also meet the following requirements:
You cannot rely on either of the following to survive:
The earliest you may apply is three months before your trip, and you should hear back within three weeks.
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The UK Innovator Visa is a type of visa for experienced business people who want to start a new venture. The minimum investment is £50,000, and you must be endorsed by an endorsement body.
You can start a business or numerous firms with an Innovator visa. Working for your company entails being a director or being self-employed as a member of a business partnership. If your partner and children are qualified, you may bring them with you as ‘dependents.’
An Innovator visa can be extended for up to 3 years at a time, but it must be re-endorsed each time. In the Innovator category, there is no time limit. After 3 years in the Innovator visa category, you will be entitled to apply for indefinite leave to remain (settlement).
Your initial Innovator visa will be valid for 3 years.
The ideal endorsing body for your application will be determined by your specific needs, such as the industry in which your business will operate, the date of your application, where you want to base your business, and what kind of support, if any, your business will require.
A list of endorsing bodies for Innovator visa applications has been provided by the Home Office. The names of all currently approved Innovator visa endorsing bodies, as well as links to their websites and, when available, details of their application procedure and endorsement criteria, are included in this list of endorsing bodies. Our team can help you decide which endorsing bodies are best for your application.
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