UK Innovator Visa

• The Innovator visa category is ideal for experienced entrepreneurs who can establish an innovative, viable, and scalable business in the UK. To apply, you must:
  • Show that you want to set up and run an innovative business in the UK. Your business idea must be unique and different from anything else on the market.
  • A designated body in the UK must endorse your business idea.
  • You must meet the English language requirements
  • Prove that you have enough personal savings to manage your expenses in the UK.

  The holders of UK innovation visa can work as sole founders or form an entrepreneurial team. Applicants may also create their joint venture arrangements.

  The business idea can be related to any sector as long as it is unique, viable, and competent.  You must invest in a new business idea, which means you cannot join or invest in an already established business.

  Once your business idea is approved and you get the endorsement, you can start your company, develop your business idea in the UK and reach other markets. You can expand the business within and outside the UK, generate revenue, and provide employment opportunities.

• After 5 years of holding this visa you can apply for an Indefinite Leave to Remain (ILR) as well as this visa gradually opens the route for the applicant for a UK citizenship.
• Access to the diverse, rich and rowing UK economy which makes it a plus for Innovators.
• The United Kingdom provides you the global exposure required to expand your clientele as well as more chances for gaining profit since it is a world market, and give your contribution to the economy by recruiting the local populace.
• You can apply for extension of this visa for multiple times even though eventually it has been issued for a period of 3 years.
• Family members can even work and live in the UK without zero limitations.
• Travel overseas and even return to the UK
• Set up a single or diverse businesses.

To qualify for the Investor visa UK, you will need to fulfill the following requirements:

• You should have your business idea approved by an endorsing body. Some of the names of these business endorsing bodies of UK are The Bakery, Bethnal Green Ventures, Blue Orchid Enterprise Solutions Ltd, Capital Enterprise (IDEA London), Edinburgh Innovations, The Global Entrepreneurs Program (GEP) and many more.
• Meet the requirement for English language fluency which means you should know how to read, write, speak and understand English to a B2 level on the scale of Common European Framework of Reference for Languages (CEFR).
• Business idea must be innovative, viable and scalable and the application supported by an endorsing body.
• Candidate should be a genuine applicant for UK Innovator visa
• Get an entry clearance on the UK innovator visa path prior to arrival in UK
• For entry clearance a valid medical certificate should be furnished proving that they have undergone a diagnosis for an active pulmonary tuberculosis and do not have it.
• Chief role and involvement in daily management and business development.
• Minimum of 18 years of age
• Sufficient funds to sustain yourself while your stay in the UK.
• Minimum 50,000 in investment funds
• Prove your source of funding
• You do not require funds if you already have an established business in UK which has been endorsed for a previous visa or you have switched your business and have consensus on this from the endorsing body.

• • If you are outside the UK or have been in the UK for less than 12 months, you must have at least £1270 to support yourself, plus £285 for a dependent partner, £315 for a first child, and £200 for each additional child.

The start-up visa is also another type of visa for entrepreneurs. The visa is for the less experienced entrepreneurs, classified as high-potentials.