INNOVATOR VISA

OVERVIEW

The UK Innovator Visa came into effect in April 2019, superseding the Tier 1 Entrepreneur Visa. The Innovator Visa route is specifically created for experienced businesspeople who are seeking to initiate a business in the UK. Applicants need a minimum of £50,000 to invest in the business, and their business proposal or idea must be approved by an endorsing body.

ELIGIBILITY:

If you are looking to apply for innovator visa with UK Residency then you must meet the following eligibility criteria:

  • Applicants must invest £50,000 (reduced from the £200,000 required for the entrepreneur visa) and will be exempt from this requirement if they are switching over from a Tier1 UK Start up Visa.
  • You should meet the English Language requirements (Any Innovator Visa applicant should prove they meet a B2 level of English as set out by the Common European Framework of References for Languages (CEFR). Bear in mind that citizens of most native English-speaking countries will be exempt from this requirement).
  • You should be at least 18 years old
  • You should prove that you have sufficient income to support yourself during your stay in the UK
  • Once your visa is approved, you must work on developing your business idea however, you are not allowed to work for other employers because working on your business idea is crucial part of innovator visa
  • After 3 years, you will be applying for a further 3 years stay to settle permanently in the UK

Documents Needed for the Application Process of UK Innovator Visa

You should provide us an endorsement letter to show that an approved body has reviewed your business idea.
Further, you need to provide:

  • A current passport or other travel identification
  • Bank statements showing that you must have £945 in bank account for 90 consecutive days before applying
  • You must show evidence of your investment funds i.e. £50,000
  • Must show your Tuberculosis test results if you’re from a country where this is required
  • You will also require a blank page in your passport for your visa

UK Innovator Visa Application Fee

You might be able to apply for ‘family reunion’ to join a partner or parent who has either:

How Long Does it Take for Processing Innovator Visa?

If you are applying for the innovator visa while sitting outside the UK, you can anticipate the decision to come in only three weeks from the Home Office. However, applications submitted from inside the country may take up to eight weeks along with the Dependents application which is also manageable. You must have submitted your attested documents suggested above in the list of Documents Needed for UK Innovator Visa Application. For smooth process, Choose our UK Residency Team. Our experts are one-click away from you.

For Consultation, Dial +447898641255 for proceeding your business immigration case.

Should I Provide Biometric Information for Innovator Visa?

Yes, you will be submitting a photo and your fingerprints. After getting though this process, you will be making an appointment at
a UK Visa and Citizenship Application Services to provide your biometric record.

How long may I stay in the UK
with Innovator Visa?

Yes, if your application is approved successfully, you will be staying for three years. However, you are going to extend your visa if you are meeting the eligibility criteria having your business operational in the United Kingdom.

The Good News we have for you is that your business has already been endorsed in your visa application, then luckily you do not need to maintain 50,000 initial investment for renewal of innovator visa.

We have 42 offices globally, particularly headquartered in Dubai and Manchester.

We are looking forward to helping you with your immigration case. UK Residency is the pioneer of Smart Migration Solutions.

Business Proposal Criteria for UK Innovator Visa

  • Innovation – You should provide an innovative and original idea which must be presented in your business plan
  • Viability – You as an applicant should prove that you possesses the skill set, responsible mindset and knowledge to be demonstrated for running the business operations in the UK
  • Scalability – You as an applicant must have evidence to show that you are capable enough for structural planning and job creation and market growth for the UK global market along with local market
  • Elevator pitch – For elevator pitch , you must hire good immigration consultancy firm which could help you in business planning and getting it approved from endorsement body which is not an easy task. You must ensure that the way you pitch your business proposal should be persuasive and compelling

Benefits – Once you get successful, you will be granted leave for 3 years and can also bring family members (spouses/partners and children under 18) to the UK.

Steps for UK Innovator Visa Application

Our UK Innovator visa application preparation and submission service is divided into 8 distinguished stages:

Step 1 – Filling our Innovator visa Jot form

To receive a free initial assessment of your eligibility for an Innovator visa, complete our Innovator Visa Jot Form. Our barrister will review your answers. We intend to respond within 24 hours.

Stage 2 – Eligibility Assessment

All endorsing bodies require that applicants have checked that they are eligible as an individual for an Innovator visa before they are contacted for endorsement. If Stage 1 is completed successfully, we will have an initial consultation meeting where we will check that you are able to satisfy the general eligibility requirements of the Immigration Rules for an Innovator visa with the help of our Immigration Barristers.

Stage 3 – Business Concept/Idea Evaluation

All endorsing bodies want applicants to show that their business idea is viable, scalable and innovative. We will have an initial consultation meeting where we will listen to your concept and advise as to whether it is appropriate to take forward to an endorsing body. This stage can be run in correspondence with Stage 1.

 

Stage 4 – Introduction to Endorsing Bodies

As a reliable introducer, UK Residency will ensure that first the client approve the business plan as well. Having successfully completed stages 1 and 2, we will formally introduce you and your business plan to up to 4 Home Office approved endorsing bodies.

Stage 5 – Concept and Business Plan Approval

The endorsing body will have an initial consultation where you can pitch your concept and business plan. If the endorsing body feels that it is appropriate to take the proposal forward then they will spend time with you to fully understand your model, the cashflows, and other requirements they deem necessary to make sure your concept has the best prospect of being endorsed.

Stage 6 – Due diligence

The endorsing body will need to know everything about you and the source of your funds. This process will normally run concurrently with Stage 4.

Stage 7 – Visa Application

Having successfully passed stages 4 and 5 and secured an endorsement, we will prepare your Innovator visa application and submit it to the Home Office. The Immigration Rules contain strict requirements in terms of the evidence that must be provided in support of an Innovator visa application. We will ensure that your Innovator visa application is professionally presented, technically correct and approved first time.

Stage 8 – Approval & Mentoring

Once your Innovator visa application has been approved by the Home Office, you will be able to enter the UK to start deploying your investment funds and developing your business concept. We will continue to support you until ILR is achieved after 3 years.

How UK Residency would help you in Drafting the Compliant Business Plan & Interview Assessment?

UK Residency is the smart gateway to getting your UK permanent residency within short period of time. Our Brilliant UK Business Planning Managers would review your business idea and get themselves involved with one-to-one online meetings for designing an eloquent and exquisite Business Plan for our clients. Our Business Plan Drafting Services is exclusively made for our clients. 500+ Success stories are available who has launched their innovative businesses in the United Kingdom. Our Team has assessed their business plans and review them.

Our clients share a business idea with our Business Planner Experts, thereby we examine and review their case and respond quickly. As part of your Innovator visa application, you may be asked to provide a detailed, genuine, and original business plan. Our immigration specialists can assist you by providing a suitably qualified professional business plan writer, instruct the business plan writer on your behalf and then liaise with the plan writer to ensure that your Innovator visa business plan satisfies the requirements of the Immigration Rules. Our Business Planners thoroughly review your business plan in person as well as online as we believe in long-term client relationship other than business transactions.

UK Residency is a reliable immigration consultancy firm, ensuring eligible clients a direct communication with endorsing bodies as well as we guarantee our clients transparent, smooth and timely decision of their business immigration cases.

Drafting Innovator Visa Compliance Business Plan

UK Residency is the smart gateway to getting your UK permanent residency within short period of time. Our Brilliant UK Business Planning Managers would review your business idea and get themselves involved with one-to-one online meetings for designing an eloquent and exquisite Business Plan for our clients. Our Business Plan Drafting Services is exclusively made for our clients. 500+ Success stories are available who has launched their innovative businesses in the United Kingdom. Our Team has assessed their business plans and review them.

We are writing it for you and work with the endorsing bodies to get it approved. We will be preparing you for visa interviews to pitch your business idea.

We are one stop solution to all your business immigration problems.

We will guide you throughout the journey of submitting Innovator visa application.

The endorsement body shall approve your business plan successfully under the
supervision of  immigration specialists and barristers. We shall take the entire responsibility of your Visa Application. For more information on Business Plan Endorsement, call us at +447898641255

Our success stories and testimonials speak the volumes about our excellence and finest services. We are providing immigration solutions to all of you and make the whole process faster than ever as we are one of the leading immigration firm in the United Kingdom.

List of Endorsing Bodies for Innovator Visa

We have published an up-to-date list of endorsing bodies for Innovator visa applications. This list is based on information provided by the Home Office, which is updated periodically. Our list of endorsing bodies contains the names of all currently approved Innovator visa endorsing bodies, as well as links to their websites and, where available, details of their application process and endorsement criteria

WHY CHOOSE UK RESIDENCY FOR UK VISITOR VISA?

The Immigration Advisors at UK Residency will share the most appropriate options with you and guide you through the Immigration Rules requirements. They will also help you with refused applications by advising you on the merits of challenging the decision and helping you prepare a fresh application.

Get in touch with one of our immigration consultants to discuss options to enter the UK.