UNITED KINGDOM
Innovator Visa
What is Innovator visa for UK?
What can I do in the UK on my Innovator visa?
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Set up business or businesses,
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Work for your business (such as, being employed as a Director),
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Bring your dependents,
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Travel overseas and return to the UK, and
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Apply for permanent settlement in the UK.
Who can apply for a UK Innovator visa?
How long can I stay in the UK on an innovator visa?
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Coming to the UK on an Innovator visa, or
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Switching over to this visa category from another visa from within the UK.
What are the UK innovator visa eligibility requirements?
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Be at least 18 years of age,
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Have at least GBP 50,000 in investment funds,
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Meet the English language requirement, and
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Be able to prove enough personal savings to support yourself when in the UK.
What is the UK Innovator visa processing time?
What is a UK Innovator visa endorsing body?
What documents are required to apply for UK Innovator visa?
Generally, the following documents will be needed for application submission –
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A valid passport (with at least one page remaining),
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Proof of meeting the English language requirement,
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Evidence of GBP 50,000 investment funds (if setting up a new business),
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Bank statements showing a minimum of GBP 1,270 in your bank account for 28 continuous days before applying.
Other Important FAQs
To be eligible, you must –
- Want to set up and run an ‘innovative’ business in the UK,
- Have the support of an endorsing body, and
- Meet the other eligibility requirements.
To be granted an Innovator visa UK, the business that you intend to set up in the United Kingdom must be something that is entirely different from anything else on the market.
An endorsement doesn’t guarantee a visa. However, an endorsement proves that the applicant and their business have the support of the leading business organizations and higher education providers in the UK.
The endorsement requirement is based on the principle that business organizations and providers are the best-placed to assess and identify innovative business ideas and talent.
Dependent children and dependent spouse/partner of the applicant can be included in the visa application.
Yes. You will be expected and required to play a key role in the day-to-day management and development of your prospective UK business.
The Innovator visa for the UK provides a route to settlement. You can apply for indefinite leave to remain (ILR) after living in the UK for three years on a UK Innovator visa.
No. You can’t work for any other business while in the UK on an Innovator visa.
GBP 50,000 in investment funds will have to be shown.
You must have at least GBP 1,270 in your bank account for 28 consecutive days before applying, requesting an extension, or switching to Innovator visa from another visa category while in the UK.
GBP 50,000 each will be required for each Innovator applicant. For example, if three are applying as a team, they must have GBP 150,000 to invest.
Yes, you might apply for an extension of stay for another three years when your current Innovator visa is about to expire.
No limit on the number of times that you can get your UK Innovator visa extended.
UK
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