The UK Innovator Founder Visa is designed for individuals who want to establish a business in the UK and have an innovative idea that is endorsed by an approved body.
Check out our dedicated UK page HERE.
Here’s an overview of the key aspects of this visa:
Key Features
- Duration: The visa is typically granted for 3 years and can lead to settlement in the UK.
- Endorsement Requirement: Applicants must receive endorsement from an approved UK organization that recognizes their business idea as innovative and viable.
- Flexible Work Options: Visa holders can work on their business and may also take on additional work in certain circumstances.
Eligibility Criteria
- Business Idea: The business must be innovative, viable, and scalable. It should not be a business that is already established in the UK.
- Endorsement: Applicants must obtain an endorsement from an approved body, which assesses the business idea and the applicant's background.
- Investment Funds: While there is no set minimum investment amount, applicants must demonstrate that they have sufficient funds to establish and run their business.
- English Language Proficiency: Applicants must prove their proficiency in English, usually through a recognized test or by having a degree taught in English.
Application Process
- Secure Endorsement: Apply for endorsement from an approved organization.
- Prepare Application: Gather required documents, including proof of endorsement, business plans, and financial evidence.
- Submit Application: Apply online and pay the visa fee, along with the healthcare surcharge.
- Await Decision: The application will be processed, and you will be notified of the decision.
Benefits
- Opportunity to establish a business in the UK’s dynamic market.
- Access to resources and networks to support business growth.
- Potential pathway to permanent residency after 3 years, subject to meeting specific requirements.
Considerations
- The business must be operational and meet certain performance metrics to qualify for renewal or settlement.
- Compliance with UK laws and regulations is essential.
Australia Business Innovation and Investment (Permanent) Visa (subclass 888), Singapore EntrePass, UAE Golden Visa, UK Innovator Founder Visa and UK Expansion Worker Visa Refusals
If your Australia Business Innovation and Investment (Permanent) Visa (subclass 888), Singapore EntrePass, UAE Golden Visa, UK Innovator Founder Visa or UK Expansion Worker Visa application has been refused, please contact us as your business plan may only need some minor amendments in order for it to be approved. With our excellent connections, we can help you to get back on the right tracks.
Alternatively, we can assist you with any amendments and improvements to your previous business plan, otherwise it may be worth drafting a completely new document.
We look forward to hearing about your business! E-mail us at hello@visaplanwriters.com.