Pioneering Business Excellence
The UK Innovator Visa Guide
The UK, with its reputation as a thriving business hub, opens its doors to seasoned entrepreneurs and innovators through the Innovator Visa. This pathway offers an exciting avenue for those with a track record of business success to introduce and cultivate their innovative ventures in the UK market. At Resolve Solicitors, we understand the aspirations of global business leaders, providing tailored solutions, insights, and unwavering support throughout the visa process. The Innovator Visa has been sculpted for experienced business professionals from outside the EEA and Switzerland. It offers an opportunity for them to set up or expand a business in the UK based on a sustainable, scalable, and innovative business proposal.
To be considered for the Innovator Visa:
- Endorsement: Secure an endorsement from an approved UK endorsing body. This endorsement certifies the business’s innovative nature, viability, and scalability.
- Business Commitment: Applicants should play an active role in the daily operations and strategic direction of the business.
- Investment Funds: Demonstrate access to at least £50,000 to invest in the business, unless you’ve already established a business in the UK with prior endorsement.
- English Language Proficiency: Satisfy the required English language level, typically at B2 level.
The endorsing body evaluates the business idea’s potential, the viability of the business model, and the applicant’s aptitude and commitment.
Once granted, the Innovator Visa lasts for 3 years. It’s extendable, and post three continuous years, you may be eligible for Indefinite Leave to Remain (ILR), paving the way for British citizenship.
Holders of the Innovator Visa can set up or run their business, work for their business (including being employed as a director), and bring family members to the UK as dependents.
The Innovator Visa, with its focus on groundbreaking businesses, requires a meticulous approach and deep understanding. Resolve Solicitors, bridging entrepreneurial visions with legal excellence, ensures that your UK business journey starts on a robust foundation.
FAQ's
While both are business-oriented, the Innovator Visa targets experienced entrepreneurs with a track record, whereas the Startup Visa is for first-time business individuals.
Yes, individuals on certain visa categories, including the Startup Visa, can transition to the Innovator Visa from within the UK.
Decisions are usually rendered within 3 weeks for applications outside the UK.
No, if you've previously established a business in the UK with an endorsement and can prove its active operation, the investment requirement might be waived.
While you can work for your business, including being its director, you cannot undertake work outside of your enterprise.
Yes, to be eligible for ILR, you must not have spent more than 180 days outside the UK in any 12-month period during the visa duration.
Each business partner must secure their endorsement and meet the Innovator Visa criteria individually.
Given the competitive nature and the importance of endorsement, an expert ensures that your application stands out and meets all criteria.
Our blend of business acumen, vast experience, and legal expertise ensures a seamless and successful Innovator Visa application process.
Reach out to us for a comprehensive consultation, and together, we'll shape the future of your innovative business in the UK.