About United Kingdom
The United Kingdom (UK) is a global leader in finance, education, and innovation. With a diverse economy and favorable business climate, the UK offers a wide range of opportunities for investors seeking residency in Europe.
The UK Innovator Founder Visa allows entrepreneurs to start and run a business in the UK by demonstrating innovation, viability, and scalability in their business plans. Applicants must secure endorsement from a UK-approved endorsing body.
Unique Business Opportunities: The Innovator Founder Visa is tailored for entrepreneurs looking to establish innovative businesses in the UK, providing access to a vibrant market and support networks.
Clear Path to Settlement: The visa allows you to progress to indefinite leave to remain (ILR), leading to permanent residency after meeting business success conditions.
The UK Innovator Founder Visa is tailored for entrepreneurs seeking to establish and grow an innovative business in the UK. With a vibrant market and diverse support structures, the UK is an attractive destination for business-minded individuals.
The UK Innovator Founder Visa is tailored for entrepreneurs seeking to establish and grow an innovative business in the UK. With a vibrant market and diverse support structures, the UK is an attractive destination for business-minded individuals.
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Who can apply for the UK Innovator Founder Visa?
Entrepreneurs over 18 years old, with no criminal record, and a viable, scalable, and innovative business idea that has been endorsed by a UK government-approved body can apply for this visa.
Can family members be included in the application?
Yes, the main applicant can include their spouse and children under 18 in the application for dependent visas.
Are there any residency requirements to maintain the visa?
Yes, applicants must not spend more than 180 days outside the UK in any consecutive 12-month period during the three years leading to indefinite leave to remain.
What are the key documents required for the application?
Key documents include a valid passport, a detailed business plan, an endorsement letter from a UK-approved body, proof of financial means, and health insurance.
Is it possible to obtain permanent residency through this visa?
Yes, applicants can apply for Indefinite Leave to Remain (ILR) after three years, provided their business is active, trading, and meets two of the following conditions: job creation, revenue growth, or securing a significant investment.
Can I work outside my business while on the Innovator Founder Visa?
No, Innovator Founder Visa holders are only permitted to work for their endorsed business and cannot seek employment outside of it.
What is the endorsement process for the Innovator Founder Visa?
Applicants must obtain a letter of endorsement from a government-approved body, which assesses the viability, scalability, and innovation of the business plan. The endorsement must be secured before applying for the visa.
Can I switch to the Innovator Founder Visa from another visa category?
Yes, applicants currently in the UK on another visa, such as the Start-Up Visa, may switch to the Innovator Founder Visa, provided they meet the eligibility requirements.
Are there any nationality restrictions for the Innovator Founder Visa?
No, applicants from any country can apply for the visa, provided they meet the financial and business criteria.
Can I switch from the Innovator Founder Visa to another visa type?
Yes, you may be eligible to switch to another visa category, such as the Global Talent Visa, if your business achieves significant growth and recognition in innovation or technology.
What happens if I do not meet the job creation or business growth criteria?
If the business fails to meet the set criteria for job creation or growth after three years, you may not qualify for Indefinite Leave to Remain (ILR), but you can reapply for an extension of the Innovator Visa with a revised business plan.
What are the investment requirements for the Innovator Founder Visa?
While there is no official minimum investment amount, applicants must demonstrate sufficient financial resources to support their business, usually around £50,000. This is significantly lower than the £2 million required for the now-closed Investor Visa.
What is the processing time for the Innovator Founder Visa?
The process typically takes 4 to 6 months from application to approval, depending on the complexity of the business proposal and the time needed to secure endorsement.
What are the benefits of the Innovator Founder Visa?
The visa allows the holder to establish a business in the UK, provides access to UK markets, and offers a pathway to permanent residency after three years, followed by eligibility for citizenship after five years of legal residence.
Can I apply for the UK Innovator Founder Visa remotely?
Yes, much of the application process can be done remotely, but applicants will need to visit the UK for biometric data submission and final processing.
What happens if the business fails?
If the business fails, applicants may lose their visa status. However, they can seek another endorsement for a different business idea or transition to another visa category if eligible.
What is the minimum English language requirement for the Innovator Founder Visa?
Applicants must demonstrate proficiency in English at CEFR level B2 or equivalent, typically proven through an IELTS score of 5.5 or higher.
How long is the Innovator Founder Visa valid?
The visa is valid for three years and can be extended for an additional three years, with no limit on the number of extensions.
What are the requirements for applying for citizenship after five years?
To apply for UK citizenship after five years, applicants must have lived in the UK for at least 450 days within the five years prior to applying and meet other residency and language requirements.
How can I prove that my business idea is innovative and scalable?
Applicants must provide a detailed business plan outlining how their business idea is innovative, viable, and scalable. This includes market research, financial projections, and how the business will create economic value in the UK.
What is the role of the endorsing body after the visa is granted?
The endorsing body will continue to monitor the business for the duration of the visa, offering support and ensuring that the business meets performance expectations. They will report to the Home Office if the business fails to meet these criteria.
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* Visa on arrival countries
Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
Albania
Andorra
Angola
Armenia
Australia
Austria
Bahamas
Bahrain
Bangladesh
Barbados
Belarus
Belgium
Belize
Benin
Bhutan
Bolivia
Bosnia and
Herzegovina
Botswana
Brazil
Bulgaria
Burkina Faso
Burundi
Cambodia
Cameroon
Cape Verde
Chile
China
Colombia
Comoros
Costa Rica
Croatia
Cuba
Cyprus
Czech Republic
DR Congo
Denmark
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Estonia
Ethiopia
Fiji
Finland
France
Gabon
Gambia
Georgia
Germany
Ghana
Greece
Grenada
Guatemala
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
Hungary
Iceland
India
Iran
Ireland
Italy
Ivory Coast
Jamaica
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kyrgyzstan
Loas
Latvia
Lebanon
Lesotho
Liechtenstein
Lithuania
Luxembourg
Macao
Madagascar
* Visa on arrival countries
Country |
Minimum Investment |
Estimated Time of Passport Issuance |
Visa Free Travel |
---|---|---|---|
$235,000 |
6 - 8 Months |
145 countries
|
|
Austria |
€150,000 |
10 - 12 Months |
190 countries
|
Dominica |
€100,000 |
10 - 12 Months |
143 countries
|
Egypt |
$350,000 |
8 - 12 Months |
53 countries
|
Grenada |
$235,000 |
3 Months |
146 countries
|
Jordan |
$750.000 |
8 - 12 Months |
53 countries
|
Malta |
$235,000 |
3 - 4 Months |
190 countries
|
St. Kitts & Nevis |
$250,000 |
3 - 4 Months |
157 countries
|
St. Lucia |
$350,000 |
1 Months |
146 countries
|
Vanuatu |
$135,000 |
6 - 8 Months |
139 countries
|
Turkiye |
$400,000 |
6 - 8 Months |
110 countries
|
Country |
Minimum Investment |
Estimated Time |
---|---|---|
Austria |
$€100,000 - €400,000 |
3 - 6 Months |
Canada |
CAD 1.2 million |
12 - 24 Months |
Cyprus |
€300,000 |
2 Months |
Greece |
€250,000 |
6 - 8 Months |
Hong Kong |
HKD 10 million |
12 - 24 Months |
Hungary |
€250,000 - €2 million |
12 - 24 Months |
Italy |
€250,000 |
1 - 2 Months |
Latvia |
$250,000 |
2 - 4 Months |
Malaysia |
MYR 1 million |
3 - 6 Months |
Malta |
€300,000 |
3 - 7 Months |
Mauritius |
$375,000 |
2 - 6 Months |
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