Innovator visa

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Innovator Visa

The Innovator visa allows experienced business persons from non-EEA countries who want to establish a business in the UK to enter the UK. They must have an innovatve, viable and scalable
business idea which must be endorsed by Home Office approved endorsing body.

This visa category can lead to settlement in either 3 or 5 years subject to meeting certain requirements.

Eligibility Requirements:

Application process:

The processing will depend on whether an applicant is applying for Innovator Visa with a new business idea which requires a minimum investment of £50,000 into the proposed business.

The application process can be divided in the following 3 main steps:

  1. Preparation of a business idea and plan which must be innovative, viable and scalable.
  2. Approval of proposal business idea and plan from Home Office endorsing body [ETA 4-8 weeks].
  3. Applying for applicant’s [and any dependents ] Entry Clearance Application [ETA 2-4 weeks].

Business plan requirements for Innovator Visa:

Applicant’s business idea and plan must meet the following criteria:

  1. It must be a genuine, original business plan that meets a new or existing market need and/or creates a competitive advantage [Innovation]
  2. The applicant must have the skills, knowledge, and experience and market awareness to run the new business [Viability]
  3. The applicant must be able to show evidence of scalability of the business with the potential for job creation and growth into national and international markets [Scalability]

Home Office assessment of Innovator Visa/Entry Clearance applications:

Once an applicant has secured an endorsement letter and met the general criteria for the Innovator Visa, they need to ensure that their entry clearance application addresses the additional Home Office criteria which might involve satisfying the Home Office that the applicant genuinely intends to undertake and are capable of undertaking the proposed business plan. To that end, the Home Office might consider applicant’s previous work and education.

Length of an innovator visa and extension applications:

Settlement in the UK after 3x years:

An Innovator Visa holder can apply for settlement or Indefinite Leave to Remain after three years of continuous UK residence, provided at least two of the following conditions are met:

Settlement in the UK after 5x years:

An innovator visa holder can qualify to apply for settlement after completion of 5 continuous years under this visa category.

Innovator visa restrictions:

Under an Innovator visa, you cannot:

Please click the link below to access our Innovator Visa Guide providing further information and addressing your general queries in a comprehensive but concise manner.

 

 

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