UK Innovator Founder Visa
The UK Innovator Founder Visa caters to entrepreneurs aiming to launch innovative businesses in the UK. This visa focuses on the potential of business ideas rather than financial investment, offering more flexibility than its predecessor, the Innovator Visa. It allows applicants to bring a co-founder and does not require a minimum investment.
Path that offers more flexibility
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The focus is on the business idea’s potential to grow, not financial investment.
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Applicants need approval from a Home Office-endorsed body that evaluates the idea’s innovation, viability, and scalability
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The visa is valid for 3 years, with options to extend or apply for permanent residency.
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Entrepreneurs can pursue additional business ventures beyond their endorsed project.
Eligibilty Requirements
The idea must gain approval from a recognized endorsing body, showing innovation, viability, and scalability.
Applicants need at least £1,270 in savings to support themselves.
The applicant must be at least 18 years old.
A minimum of CEFR Level B2 (IELTS 5.5) is necessary.
A realistic business plan demonstrating market knowledge and competitive understanding is required.
Application Process
Obtain Endorsement
Secure an endorsement letter from a Home Office-approved endorsing body.
Online Application
Submit your visa application form online.
Biometrics
Provide biometric information at a visa center.
Fees: Payment
Pay the visa fee and Immigration Health Surcharge (IHS).
Decision
Await a decision from the UK Visas and Immigration department.
Associated Fee & Cost
The cost to apply for the UK Innovator Founder Visa varies depending on where you submit your application.
- Outside the UK: £1,036
- Inside the UK: £1,292
This fee covers the processing of your application and must be paid at the time of submission. If your visa application is rejected, the fee is non-refundable.
With the Innovator Founder Visa, you can:
- - Establish and manage your own business.
- Engage in other business activities alongside your endorsed venture.
- Bring your partner and children as dependents.
However, you cannot:
- - Work as a doctor or dentist in training.
- Be employed as a professional sportsperson or coach.
- Access public funds or benefits.
After 3 years on this visa, applicants may apply for Indefinite Leave to Remain (ILR) if they meet the following criteria:
- The business is registered with Companies House.
- It is actively trading, sustainable, and growing.
- You play a significant role in managing and developing the business.
This visa provides a path for innovative entrepreneurs to establish and grow their businesses in the UK, fostering economic development and opening opportunities for long-term settlement.