Innovator Visa UK

The UK Innovator Visa has replaced the Tier 1 Entrepreneurship visa. This visa is a route for experienced business people looking to establish a business in the UK. Applicants are required to have an innovative and scalable business idea.

How Can I Qualify For The Innovator Visa? 

You will be eligible for this visa if you meet the following criteria:

  • You are not a national of the European Economic Area EEA and Switzerland.
  • Prove that you have enough personal savings to support yourself (minimum of £1,270 in your bank account).
  • You intend to set up a business in the UK and be endorsed by an approved body.
  • If you want to set up a business in the UK, you must have access to a £50,000 investment fund. If you already have a company established in Britain and have been endorsed for an existing UK visa where no minimum investment funds are required.

 

Your Tier 1 Innovator Visa Status In The UK

You can stay in the UK for three years if you enter the UK on an Innovator Visa or if you switch to the visa from another valid UK visa.

You can then apply to extend your visa for an additional three years when it is due to expire, and there is no limit on the number of times you can reapply or extend the visa.

After five years, you could be eligible to apply for the UK Settlement Visa.

 

Applying For The Innovator Visa

As part of your Innovator Visa application, you must get a biometric residence permit. To do so, you will need to have your fingerprints and a photograph taken at a UK visa application centre.

The earliest that you can submit an application for the UK Innovator Visa is three months before you are travelling to the UK. It can take a minimum of three weeks to receive a decision on your visa application.

To support your application, you must provide both a sufficient business plan and supporting documents.

 

Innovator Visa Success Rate

Cromwell Wilkes will do everything with you from the beginning – we will gather all application documentation required and build the business plan and portfolio for you to have the strongest chance for a successful application.

Our team will assist you with the corporate legal paperwork – very few immigration lawyers can also offer this commercial legal expertise. We will make all visa applications and give business, commercial and company law advice to help set up the British company and employment contracts.

Our team will provide access to a company accountant if you need it. We also offer ongoing support after you have arrived in this country to help you settle, find schools and a home, and everything else that is required to make life in this country easier for you.

 

References:

Innovator visa https://www.gov.uk/innovator-visa

Innovator rules: Immigration Rules Appendix Innovator https://www.gov.uk/guidance/immigration-rules/immigration-rules-appendix-innovator

Innovator visa: Knowledge of English https://www.gov.uk/innovator-visa/knowledge-of-english

Innovator visa: Apply from outside the UK https://www.gov.uk/innovator-visa/apply-from-outside-the-uk

Innovator visa: Extend your visa https://www.gov.uk/innovator-visa/extend-your-visa

https://www.gov.uk/innovator-visa/switch-to-this-visa

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