UK Innovator Visa: On 7th March, 2019 as per a statement made by the UK immigration rules, the Tier 1 Entrepreneur visa program got replaced Tier 1 Innovator visa. This category of UK business visa has been designed, especially for qualified and eligible business to set up an innovative type of business that relates to their area of expertise or interest.
To be able to apply for UK Innovator visa, your business idea must be endorsed by an approved body. To be able to apply for this visa, you will be required to possess the potential and desire to set up a business in UK. Majority of the applications for UK Innovator visa are specifically based Innovation, Viability and Scalability of the business idea of the prospective applicant.
You will need to collect your biometric residence permit within 10 days of your arrival to the UK, even if you enter in to UK at a later date
The earliest you can apply for the UK Innovator Visa is 3 months prior to the time you travel. For example, if you want to travel on 15th June, you must apply from 16th of March. You must get a decision on your visa within 3 weeks.
The cost of UK Innovator visa basically depends upon your situation and where are you applying from. If you are applying from outside UK, you are required to pay £1,021 and in case you want to switch or extend visa in UK you will be required to pay £1,277.
Abhinav: India’s Most qualified Immigration Consultant for Entrepreneurs, Investors and HNI’s