The Innovator Founder Visa targets individuals with proven business acumen, necessitating the establishment of a new, expanding enterprise in the UK. Eligible applicants must showcase adequate investment resources to initiate and expand their venture, along with a meticulously crafted business blueprint endorsed and sanctioned by the Home Office.
Investment
Innovative, scaling business
Processing time
One–eight weeks from submission of the application to approval
Key benefit
The right to live, work, and study anywhere in the United Kingdom
The Innovator Founder Visa targets individuals with proven business acumen and ample investment resources to establish and foster a new business in the UK.
Before proceeding, applicants must have their business or business idea evaluated by a Home Office–approved endorsing body. This assessment determines the viability of the venture or concept, and if successful, results in an endorsement letter to accompany the application.
Successful innovators receive leave for three-year intervals and have the option to bring their family to the UK. Following the initial period, innovators may seek to extend their stay for another three years or apply for permanent settlement in the UK through indefinite leave to remain (ILR). Each stage of this process (initial application, extension, settlement) requires endorsement from an endorsing body.
The completed application, along with supporting documents, must be submitted to the diplomatic post in the applicant’s country of residence. The processing time varies, typically ranging from one to eight weeks, depending on the embassy's workload.
Upon the expiry of the initial three-year period, the main applicant must apply for an 'extension of stay' from within the UK. If all relevant criteria are met, the authorities will grant a three-year extension. After obtaining settlement status and residing in the UK for a minimum of five years (with ILR held in the last 12 months of that period), applicants become eligible to apply for British citizenship.
Business owners have the option to pursue secondary employment in the country, provided it falls under skilled labor.
For comprehensive details on the Innovator Founder Visa, individuals can refer to the Home Office website. It's important to note that this information is not intended to serve as immigration advice.
If you have any inquiries or would appreciate a comprehensive breakdown of the specific costs for your family, please don't hesitate to reach out to us. We would be more than happy to assist you.
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