Innovator Visa
The Innovator visa is a type of visa designed for experienced entrepreneurs who wish to establish a business in the UK.
The Innovator Visa
The innovator visa replaced the previous tier 1 entrepreneur visa in 2019 and offers a more streamlined and flexible application process.
What is the Innovator Visa?
The Innovator visa is designed for entrepreneurs who have an innovative, viable, and scalable business idea that they wish to establish in the UK. To be eligible for this visa, applicants must have an endorsement from an approved endorsing body, which will assess the business idea and its potential for success.
Requirements for the Innovator Visa
To be eligible for the Innovator visa, applicants must meet the following requirements:
Endorsement
The applicant must have an endorsement from an approved endorsing body, which will assess the business idea and its potential for success. The endorsing body will also assess the applicant’s business experience and ability to execute the business plan.
Investment funds
The applicant must have at least £50,000 in investment funds to support the business. The funds can be from the applicant or from a third-party investor.
English language proficiency
Applicants must have an English language proficiency level of at least CEFR level B2. This can be demonstrated by passing an approved English language test or by having a degree taught in English.
Maintenance funds
The applicant must have sufficient maintenance funds to support themselves and any dependents without recourse to public funds. The amount required will depend on the length of the visa and the number of dependents.
Criminal record
Applicants must not have a criminal record and must not pose a threat to national security.
Benefits of the Innovator Visa
The Innovator visa offers several benefits for entrepreneurs who wish to establish a business in the UK, including:
- Flexibility The visa allows for multiple business partners, and the business can be in any sector or industry.
- Accelerated settlement If the business is successful, the visa holder can apply for settlement in the UK after three years.
- Access to public funds Innovator visa holders have access to public funds for healthcare and education.
- Dependent family members Innovator visa holders can bring their dependents to the UK, including spouses, civil partners, and children.
Conclusion
The Innovator visa is an excellent option for experienced entrepreneurs who wish to establish a business in the UK. The visa offers flexibility and a streamlined application process, but it’s essential to meet the requirements and have a viable business idea. If you’re considering an Innovator visa, it’s essential to seek expert advice from an immigration lawyer to ensure that you meet the requirements and can successfully obtain the visa. At Baya, we can provide guidance and support throughout the Innovator visa application process. Contact us today to learn more.
What our clients say
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Joss was extremely helpful and professional. She advised us on EU law regarding family settlement at a time when rules had recently changed following Brexit.
Daniel Thompson
Both Joss and Owain were helpful, reassuring and patient in our spouse visa process. Highly recommend as they will guide you through the application process and give detailed instructions on what documentation is needed. 10/10 would use again.
Danielle
Jocelyn has been simply amazing and extremely efficient when it has come to the application of all of my visas for staying in the UK. From the time of my Fiancé visa application a few years ago right until my most recent ILR visa application, Jocelyn has been highly professional,...
Namita Gokal
Absolutely highly recommended. Straight forward and direct to the point. All you need is to explain your situation.
Yahya Abueidah
I strongly recommend Joss, because of her amazing approach and support throughout the whole process of my visa application, she is very professional and confident that makes you feel safe and positive while waiting for the whole process.
Elaine Magrath
It was the greatest help I could ever imagine to get through quite stressful visa process. Greatly appreciated your help, I truly don’t know where I would have been sitting without your help.
Veronika P
I thoroughly enjoyed my time as a client of Jocelyn and came to know her vast knowledge and expertise in Immigration services.
Harmeet Oberoi
Jocelyn is a fantastic immigration lawyer. She is experienced, professional and very friendly. I have known her for a few years and would trust her with the most complex immigration matters.
Ruba Huleihel
Jocelyn’s service was completely amazing. From the beginning she was really helpful, clear, supportive and efficient especially when outlining what was required for my application and how to proceed.
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