Innovator Visa UK

Are you looking for an opportunity to start your own business in the United Kingdom? The Innovator Visa UK may be the perfect option for you. This visa offers entrepreneurs the chance to come to the UK and establish their own businesses. To qualify, you must have an innovative, viable, and scalable business idea that can benefit the UK economy. In this blog post, we will go over the requirements for applying for the Innovator Visa UK, what to expect during the process, and tips for success. Read on to learn more!

Innovator Visa UK

The Innovator Visa UK is a visa that allows innovators from overseas to set up a business in the UK. This visa is for individuals with an innovative business idea that can benefit the UK economy. The Innovator Visa is part of the points-based system and is intended to attract highly-skilled entrepreneurs and business leaders to the UK.

The Innovator Visa offers a variety of benefits, such as the opportunity to extend or settle in the UK, bring family members, and access public funds. This visa requires applicants to prove their business idea is innovative, viable, and scalable and to be endorsed by an approved body. Successful applicants will also need to demonstrate that they have access to enough funds to support themselves and their dependents.

Eligibility requirements for the Innovator Visa UK

In order to be eligible to apply for the Innovator Visa UK, applicants must meet certain criteria. These requirements include:

Age: Applicants must be 18 years or older.
Maintenance funds: Applicants must show that they have access to sufficient funds to support themselves and any dependents while in the UK. This must include having at least £945 available to them in their bank account for 90 consecutive days before the date of their visa application.
Proof of endorsement: Applicants must obtain an endorsement from an approved body that agrees with the business idea and believes it has potential for success.
English language proficiency: Applicants must demonstrate a certain level of English language proficiency by taking a recognised English language test. The minimum level required is B1 on the Common European Framework of Reference for Languages (CEFR).

Age

The minimum age to apply for the Innovator Visa UK is 18. Applicants must be 18 or over at the time of application and must be able to demonstrate that they have sufficient funds available to support themselves throughout their stay in the UK.

Applicants under the age of 18 must provide written parental or guardian consent for the visa application and must prove that they have sufficient funds available to support themselves during their stay in the UK.

Applicants should also be aware that any children under the age of 18 accompanying them on the Innovator Visa must have valid visas. This can be arranged by the parent or guardian, who will also be responsible for all costs associated with the visa application process.

Maintenance funds

The Innovator Visa UK requires applicants to demonstrate that they have a certain amount of money available to support themselves during their stay in the UK. This is referred to as ‘maintenance funds’. The minimum amount required for maintenance funds depends on the number of people included in the application. For a single applicant, the minimum amount is £945 and for each additional dependant, an additional £630 is required.

This must be held in a regulated financial institution in either the UK or the applicant’s home country. The funds must be available for 90 days prior to submitting the application, and must be held in an account in the applicant’s name or a joint account with their partner. If the funds are not held in an account in the applicant’s name or a joint account with their partner, they must submit evidence that they have access to the funds and that they are under their control. The financial evidence must also be dated within 31 days of submitting the application.

The financial evidence must include:

• A recent bank statement or other document issued by a banking institution
• An official letter from the financial institution
• Evidence that any savings are readily convertible into cash, such as stocks, shares, bonds, or a mortgage statement
• Evidence that there is enough money available to cover the cost of accommodation and living costs for a period of 12 months
• Evidence that any income you receive is paid directly into your bank account
• Evidence of regular transfers into your bank account from another bank account
• Evidence of regular payments from your employer
• Evidence of pension payments or other benefits received
• If your funds are held overseas, you must provide proof of the exchange rate on the date that you submitted the application

In addition to these documents, you may also need to provide further evidence such as tax returns and payslips.

Proof of endorsement from an approved body

One of the requirements for the Innovator Visa UK is that applicants must be endorsed by an approved body. Approved endorsing bodies can evaluate applicants and assess their business ideas and products to ensure they meet the required criteria.

The purpose of endorsement is to ensure that the applicant’s business will benefit the UK economy and bring new ideas, products or services into the market. To be successful, applicants should have a solid business plan, viable financial projections and clear evidence of how their business idea will benefit the UK.

The list of approved endorsing bodies for the Innovator Visa UK includes:

• Entrepreneurial Spark
• Tech Nation
• Angel Investment Network
• London & Partners

To get endorsement from an approved body, applicants should submit a comprehensive business plan including details about their product or service, financial projections, and evidence of maintenance funds. The body will then evaluate the plan and conduct an interview with the applicant. Based on this process, the endorsing body will decide whether or not to endorse the application.

It is important to note that not all applicants are successful in gaining endorsement. As such, it is important to take time to carefully prepare a thorough business plan to increase the chances of gaining endorsement.

English language proficiency

For those who wish to apply for the Innovator Visa UK, English language proficiency is a requirement. Applicants must be able to demonstrate that they have achieved the required level of English language proficiency as defined by the UK Home Office. This may be done through providing evidence of a degree taught in English or passing an approved English language test such as the IELTS (International English Language Testing System).

The UK Home Office requires applicants to have a minimum score of 4.0 in each of the four components (reading, writing, speaking, and listening) of the IELTS test or equivalent. Those who are exempt from providing evidence of English language proficiency include nationals of a majority English speaking country, and those who have a degree taught in English. Additionally, applicants must prove that they have met the required level of English language proficiency within two years before the date of their application.

Gathering necessary documents

Before applying for the Innovator Visa UK, it is important to ensure that all necessary documents are gathered and organized. This includes proof of age, maintenance funds, English language proficiency, passport, proof of endorsement, business plan, financial projections, and evidence of maintenance funds.

Proof of age: Applicants must be 18 or over in order to qualify for the Innovator Visa UK. Evidence of age can include a copy of a passport, birth certificate, or other government-issued identification.
Maintenance funds: Applicants must show that they have enough money to support themselves financially while in the UK. This can be done by providing evidence of income or bank statements showing at least £3,120 in personal savings.

English language proficiency: All applicants must prove that they are proficient in English by passing an approved English language test. The test must be taken within two years before the date of application.
Passport: A valid passport is required to apply for the Innovator Visa UK. It must be valid for at least three months from the date of application.

Proof of endorsement: The applicant must have received an endorsement from an approved body in order to apply for the Innovator Visa UK. A list of approved endorsing bodies can be found on the UK government website.

Business plan: A comprehensive business plan should include a detailed description of the applicant’s business idea, financial projections, and an action plan for achieving success in the UK.
Financial projections: Financial projections should demonstrate that the applicant’s business will be able to generate sufficient revenue to meet its obligations and expenses.

Evidence of maintenance funds: Evidence of the applicant’s maintenance funds should include bank statements showing at least £3,120 in personal savings.

By gathering all necessary documents and organizing them into a single application packet, applicants can ensure that their Innovator Visa UK application is complete and accurate.

List of required documents for the Innovator Visa UK

1. A valid passport or travel document that shows you’re allowed to stay in the UK for at least 6 months from the date of your application.
2. Proof of endorsement from an approved endorsing body (i.e., a letter of endorsement).
3. A detailed business plan outlining your proposed business idea.
4. Financial projections for your business showing how you will make money and cover costs.
5. Evidence that you have the required maintenance funds to support yourself and your family members, if applicable. This must be in the form of bank statements or a government-issued letter confirming financial support.
6. An English language test certificate showing that you meet the minimum level of English language proficiency required for the Innovator Visa UK.

Passport

In order to apply for the Innovator Visa UK, you must have a valid passport from your home country. You must provide a copy of the passport’s data page and other relevant pages (such as any visa stamps) along with the application form.

The passport must be valid for the duration of your stay in the UK. If your passport is not valid for the required length of time, you must apply for a new one before submitting your Innovator Visa UK application.

Make sure that your name, date of birth, and other biographical information on your passport match what is on your application form. Any discrepancies can lead to delays in processing or even rejection of your application.

Proof of endorsement

In order to apply for the Innovator Visa UK, you must have proof of endorsement from an approved body. This is a requirement for all applicants. The endorsement must include information about your business and the innovation it offers.

The endorsing bodies approved by the UK government are Innovate UK, Tech Nation, and universities in the UK. You must submit a business plan, financial projections, and evidence of maintenance funds along with your application. Your business plan should clearly demonstrate how you will use innovation to deliver economic benefit to the UK.

In order to be approved, you must also meet certain criteria set by the endorsing body. This can include proving that your business idea is viable and that you are an expert in your field. The endorsing body will also assess your ability to lead the project, as well as your personal qualities such as commitment and motivation.

It is important to ensure that all of the required documents are submitted with your application, as incomplete applications will not be accepted. If you need help preparing the documents, you can get assistance from a qualified professional.

Business plan

When applying for the Innovator Visa UK, applicants must include a comprehensive business plan with their application. The business plan should include a description of the proposed business, market analysis, competitors analysis, financial projections, risk assessment and other related details.
Your business plan should provide a detailed overview of your business concept. It should demonstrate how your business will operate, generate revenue, and make profits. This includes outlining your target market, products or services, marketing strategies, competitive advantage and expected revenue.
You should also include market research and an analysis of your competitors in your business plan. This should include information on your competitors’ products and services, pricing, customer service and marketing strategies.

Financial projections are also a key component of the business plan. This should include detailed forecasts on your expected revenue, expenses, cash flow and other related financial metrics.
Finally, you should include a risk assessment in your business plan. This should outline potential risks to your business model, such as new competitors entering the market, changes in regulations, or changes in customer preferences. By outlining potential risks and how you would address them, you can demonstrate that you have thought through all aspects of your business plan.
By preparing a comprehensive business plan, you can demonstrate to the Home Office that you have a viable business concept that has been carefully thought through.

Financial projections

When you apply for the Innovator Visa UK, you will need to provide a comprehensive business plan that includes financial projections. These projections should illustrate the proposed business venture’s ability to generate profits in the long-term.

Financial projections should include details such as start-up costs, running costs, marketing expenses, sources of funding, anticipated revenues, and plans for reinvestment of profits. In addition to your own research, you may also want to consult with experts to create realistic and achievable financial projections for your business plan.

Achieving realistic financial projections will demonstrate to the Home Office that you are a serious and credible businessperson who is capable of success. It is also a way of showing that your proposed business venture has a good chance of making a positive contribution to the UK economy.

Evidence of maintenance funds

When applying for the Innovator Visa UK, it is important to provide evidence of sufficient funds to support yourself and any family members you are bringing with you. This is a key requirement for your application to be successful. The required amount of maintenance funds depends on the size of your family, and varies from £630 for a single applicant to £2,120 for an applicant with a partner and two children.

To prove that you have sufficient funds, you will need to provide at least one of the following documents:

• A current bank statement or other financial institution statement dated within 31 days of the date of your visa application
• An official letter from a financial institution confirming the availability of sufficient funds
• Evidence of an account held in the name of each family member at a financial institution regulated by the Financial Conduct Authority
• Evidence of an investment portfolio with an overall value of at least £50,000
• Evidence of disposable cash funds of at least £2,000 per person.

It is important to note that these funds must be freely available to you and not locked into investments or property purchases. Furthermore, it is necessary to provide evidence that this money has been held for a period of at least 90 days prior to your visa application.
If you cannot provide any of the documents mentioned above, it is possible to submit a ‘maintenance undertaking’. This document must be signed by a person who agrees to financially support your stay in the UK, such as a family member or friend. They must meet certain criteria, and the undertaking must include specific information about the nature and duration of their support.

Tips for gathering and organizing documents

Gathering and organizing the documents required for the Innovator Visa UK can be a daunting task, but it is an important part of the process. Here are some tips to help make this task easier:

1. Make a list of the required documents. Check the website of the UK Visas & Immigration Office (UKVI) to make sure you have all the necessary documents and that they are up-to-date.
2. Create a document checklist. This will help you keep track of which documents you need to submit. It’s also a great way to stay organized.
3. Gather all the required documents in one place. Make sure that you are not submitting any expired documents or documents that are not required for the Innovator Visa application.
4. Double-check each document for accuracy. Make sure that all your information is accurate and up-to-date before submitting your application.
5. Keep copies of everything. It’s always a good idea to keep a copy of each document so that you can reference it if needed in the future.

By following these simple tips, you can make sure that you have gathered and organized all the necessary documents for your Innovator Visa UK application. This will help ensure that you have a smooth and successful application process.

Submitting the application

Once you have gathered all of the necessary documents and prepared your application, you can submit it to the UK Visas and Immigration department. You can either apply online or in person. If you apply online, make sure that you have scanned and uploaded all of the required documents and filled out all of the necessary forms. If you choose to apply in person, you will need to make an appointment with the nearest UK Visa Application Centre (VAC).

In addition to the documents you have collected and prepared, you will also be required to pay an application fee when submitting your application. The amount of the fee depends on your individual circumstances and which visa you are applying for. Make sure to check the exact amount of the fee before submitting your application.

When completing your application, it is important to fill out all of the forms accurately and thoroughly. Make sure to double-check each section of your application before submitting it. This will help ensure that your application is processed quickly and efficiently.

Finally, remember that your application may be subject to a more detailed review. If this is the case, you will be contacted by an immigration officer and asked to provide additional information.

How to apply for the Innovator Visa UK

The application process for the Innovator Visa UK is an online one. You will need to create an account and fill in the relevant forms. You will also need to pay the application fee of £1,277 per person, plus any additional fees associated with your visa type.

The following documents will be required when applying for the Innovator Visa UK:

• Proof of endorsement from an approved body
• Business plan
• Financial projections
• Evidence of maintenance funds
• English language test results
• Other supporting documents such as CV/resume and proof of qualifications

When filling out the forms, make sure that you provide all the information requested in a clear and concise manner. You should also double-check that all the details you have provided are correct before submitting your application.

Once your application has been submitted, it will go through a series of assessments and interviews. During the assessment, your business plan, financial projections and evidence of maintenance funds will be examined. The interview is designed to assess your knowledge about the business plan and other aspects of your application.

After the assessment and interview have been completed, you will receive a decision on your application within three months. If your application is successful, you will receive your visa and can begin working in the UK. However, if your application is unsuccessful, you will have to reapply or appeal the decision if you wish to stay in the UK on the Innovator Visa.

In conclusion, the Innovator Visa UK is an attractive option for entrepreneurs and innovators who want to start a business in the UK. It provides a great opportunity to live and work in the UK while having access to a range of benefits and opportunities. The application process can be complex and time-consuming, so it is important that you understand all the requirements and prepare the necessary documents before submitting your application. Good luck!

Online or in person

The Innovator Visa UK can be applied for either online or in person. Applying online is the most efficient and cost-effective way to apply, as it eliminates the need to send documents by post or courier and allows you to track your application’s progress.

If you choose to apply in person, you will need to make an appointment at a Visa Application Centre and submit your documents there. You may also be asked to attend an interview at the application centre.

When applying in person, you will need to provide all of the required documents, including your passport and the documents required for endorsement. It is important that these documents are complete and accurate, as incorrect or incomplete documents can delay the processing of your application.

You will also need to pay the appropriate visa application fee when submitting your application. The fees vary depending on the type of visa you are applying for, so it is important to check the fees before submitting your application.

Once your application has been submitted, you can expect to receive a decision on your visa within six months of the date your application was lodged.

Required application fee

The Innovator Visa UK application fee is currently £1,033. This fee covers the processing of your visa application and must be paid when you submit your application. The fee is non-refundable, even if your application is unsuccessful or withdrawn.

If you are extending your visa from inside the UK, the fee is £1,277. There is also an Immigration Health Surcharge of £624 per year for each family member included in the application. This must be paid when you submit your application.

It is important to remember that this fee does not guarantee a successful outcome of your visa application. Even if you pay the required fee, you will still need to meet all the eligibility requirements of the Innovator Visa UK in order to be successful.

Tips for completing the application accurately and thoroughly

1. Gather all the necessary documents: Make sure to have all the required documents in order before you begin your application. This includes your passport, proof of endorsement from an approved body, and any other required documents, such as a business plan, financial projections, and evidence of maintenance funds.
2. Complete all the forms accurately: Ensure that all the forms you submit are accurate and complete. This includes checking for typos or errors and making sure all the information is correct.
3. Double-check everything: Once you have finished the application, it’s important to double-check every part of it to make sure you have included all the necessary information and documents.
4. Ask for help if needed: If you are unsure about any part of the application process, don’t hesitate to reach out to an immigration lawyer or other expert who can help guide you.
5. Stay organized: Keeping all your paperwork and documents organized will make the application process much easier and less stressful. Create separate folders or binders for each step of the process so you can easily access the information you need.
6. Be patient: The process of applying for a visa can be time consuming and tedious. Remember to be patient and stay focused on completing your application accurately and thoroughly.

Interview and assessment process

The interview and assessment process for the Innovator Visa UK is an important step for those seeking to obtain their visa. Applicants must provide evidence that their business plan meets the requirements of the Innovator Visa scheme and demonstrate that they have the skills, experience, and financial resources necessary to start a business in the UK.

During the interview, applicants must answer questions related to their business plan and background. The assessor will be looking for proof that the applicant has a viable business idea and an understanding of how it would operate in the UK market. They may also ask questions about the applicant’s experience, qualifications, and any relevant business qualifications or contacts.

In addition to the interview, applicants must submit a detailed business plan and financial projections. The business plan should include an outline of the applicant’s idea and how it will be developed in the UK. It should also include details about the applicant’s experience, qualifications, and any relevant business contacts. Financial projections should include expected sales, profits, expenses, and capital requirements.

The assessor will review all documentation provided and make a decision based on their assessment of the applicant’s ability to run a successful business in the UK. If approved, the applicant will receive a letter of endorsement from an approved body. This letter is required for visa application and must be presented along with all other required documents.

Description of the interview and assessment process for the Innovator Visa UK

The interview and assessment process for the Innovator Visa UK is designed to help identify those applicants who have the best chance of success in their new business venture. All applicants must attend an interview at a UK visa application centre, where they will be assessed on their business plans and financial projections. The assessment also includes English language tests and/or interviews, which measure a person’s ability to communicate effectively in English.

The assessment also involves providing evidence of a “genuine intention to establish and operate a business in the UK”. This can include providing details of investments made, evidence of market research, and proof of funds available to invest. It is important that applicants are able to demonstrate that they have undertaken sufficient research and prepared the required documents to support their business plans and finances.

During the interview, applicants may also be asked to provide additional evidence regarding their ability to maintain themselves financially while setting up their business. This could include bank statements, proof of private health insurance, or other relevant documentation.

If an applicant passes the assessment, they will be given a visa decision within 3 weeks from the date of their interview. If the applicant is unsuccessful in the assessment process, their visa application will be refused and their fees will not be refunded. It is important for applicants to ensure that they are fully prepared for their interview and assessment, in order to give themselves the best chance of success.

Tips for preparing for the interview and assessment

1. Research the application process: It is important to research the application process for the Innovator Visa UK before the interview and assessment. It is important to understand what type of questions you may be asked, and also to be familiar with the requirements and criteria for obtaining the visa.
2. Prepare documents: Make sure that you have all the required documents ready and organized in advance of the interview. The documents will need to be provided to the interviewer during the interview and assessment process.
3. Practice answering questions: As part of the interview, you will likely be asked questions about your business idea, your qualifications, and your experience. It is important to practice answering these questions so that you are prepared for the actual interview.
4. Know the endorsement criteria: The interviewer will likely ask questions about your endorsement from an approved body, so it is important to make sure you understand the endorsement criteria before the interview.
5. Show enthusiasm: The interviewer will want to see that you are excited about your business idea and that you are confident in its potential. Showing enthusiasm and a positive attitude during the interview can go a long way towards helping you secure the Innovator Visa UK.

Receiving a decision on the application

Once you have submitted your Innovator Visa application, the processing time will depend on the individual circumstances. However, most applicants will receive a decision within 3 months. During this period, UKVI may contact you for additional information or documents. It is important that you respond promptly to these requests in order to avoid delays in processing your application.

Once your application has been reviewed and a decision has been made, you will be notified via email or post. If your application is successful, you will receive an email or letter detailing the visa’s conditions and duration. You may also be required to provide biometric information in order to complete the visa application process.

If your Innovator Visa application is denied, you will receive a detailed letter explaining why your application was unsuccessful and what options are available for appealing the decision. It is important to note that any appeal must be submitted within 28 days of receiving the decision notice.

How long it takes to receive a decision on the Innovator Visa UK application

The amount of time it takes to receive a decision on the Innovator Visa UK application depends on the particular application and can range from two weeks to several months. The average processing time is between 8-12 weeks.

It is important to understand that the time frame may be extended if there are missing documents or incomplete applications, or if the application is complex. You should also expect that the processing time may vary due to high levels of applications and any other unforeseen delays.

In order to ensure a swift decision, it is important to complete the application accurately and thoroughly, provide all the necessary documents and ensure they are up-to-date and valid. You should also keep track of your application and regularly check its status to ensure that it has been received and is being processed correctly.

Next steps in the process if the application is approved

If your Innovator Visa UK application is approved, you will receive an approval letter and a visa vignette (a sticker in your passport) confirming your visa status. The approval letter and visa vignette will list the start and end dates of your visa. You will be able to travel to the UK before the start date of your visa.

Once you arrive in the UK, you will need to register with the police within seven days of arrival if required. You will also need to register with the Home Office within 10 days of arrival.

You must also activate your Innovator Visa by setting up your business within 6 months of entering the UK. If you do not set up your business within 6 months, you may be asked to leave the UK.

If you have not set up your business within 12 months of entry, your visa can be revoked or curtailed. You will be given 14 days’ notice to leave the UK if this happens.

Your Innovator Visa is valid for three years and one month. However, after two years and nine months, you may apply for indefinite leave to remain (ILR) in the UK if you meet certain criteria. These criteria include being able to prove that you have invested at least £50,000 in setting up a genuine business or have had a successful track record in running your business for two years and nine months.

It is important to remember that the Innovator Visa is a temporary visa and is not a path to settlement in the UK. Therefore, if you wish to settle in the UK permanently, you will need to apply for ILR when eligible.

Extension and settlement

The Innovator Visa UK is a visa type that allows individuals to stay and work in the UK for up to three years. After the three-year period, visa holders may be eligible to apply for an extension, or for Indefinite Leave to Remain (ILR).

Extending the Innovator Visa UK:

In order to extend the Innovator Visa UK, applicants must demonstrate that they are still actively involved in their business. Evidence of this will include evidence of significant progress such as investments, customer base, and salaries paid to employees. Applicants must also provide an updated business plan and financial projections. It is important to note that the applicant’s endorsing body must also still support the business and its operations.

Path to Settlement (ILR):

After five years in the UK on a valid Innovator Visa, holders may be eligible to apply for ILR, or permanent residence. To qualify, applicants must meet a number of criteria including continuous residence, and knowledge of English language and life in the UK. Evidence of compliance with the Innovator Visa UK requirements must also be provided. The application process requires the submission of a detailed form and supporting documents.

Requirements and Restrictions for the Innovator Visa UK:

It is important to remember that there are restrictions in place for those who are granted an Innovator Visa UK. You must remain actively engaged in the business you proposed during the application stage, and should not take on any other type of employment without permission from the Home Office. You must also have enough funds to maintain yourself while in the UK. Finally, you must adhere to all UK laws and regulations during your stay.

How long you can stay in the UK on the Innovator Visa

The Innovator Visa is a long-term UK visa option designed for individuals who want to set up or join an innovative business in the UK. This type of visa allows individuals to stay in the UK for a maximum period of 3 years and 4 months.

The first step of the Innovator Visa process is to apply for a visa grant, which allows you to stay in the UK for an initial period of up to three years. Once you have been granted the visa, you can then apply to extend your stay for a further one year, and then for indefinite leave to remain after that.

In order to be eligible for the Innovator Visa, you must have been endorsed by an approved body, have access to at least £50,000 in maintenance funds, meet the English language proficiency requirements, and be able to demonstrate a viable business plan. You must also be aged 18 or over.

To extend your stay on the Innovator Visa, you will need to show evidence that your business has made progress since the initial visa grant, such as increased turnover or profit, new staff members, or successful partnerships.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

Once you have been on the Innovator Visa for five years, you can apply for indefinite leave to remain. To qualify for this, you must have held the visa continuously and been living in the UK lawfully throughout the period. You will also need to provide evidence of your business’s continued success and compliance with the conditions of the Innovator Visa.

Options for extending the Innovator Visa UK

If you are on the Innovator Visa UK, you may be eligible for a visa extension or even indefinite leave to remain (ILR) in the UK.

To extend your Innovator Visa, you must apply before your current visa expires and meet the same eligibility requirements as when you first applied for the visa. This means that you must still be endorsed by an approved body, have sufficient funds to support yourself, and continue to meet the English language requirement.

When applying for an extension of your Innovator Visa, you must provide updated evidence of your endorsement from an approved body, a new business plan, financial projections, and evidence of maintenance funds. If your application is approved, you can extend your stay in the UK for a maximum of three years.

In addition to extending your Innovator Visa, you may also be eligible to apply for indefinite leave to remain (ILR) in the UK after five years in the country. To qualify for ILR as an Innovator Visa holder, you must meet certain criteria such as having earned at least £50,000 in salary and paid taxes over a period of three years or more. You will also need to show that you have been self-employed or employed for at least six months in each of the 12 months prior to applying for ILR. If your application is approved, you can remain indefinitely in the UK with the same rights and privileges as other UK citizens.

Overall, whether you are looking to extend or settle in the UK, the Innovator Visa provides many opportunities for entrepreneurs and innovators from all over the world.

Path to settlement (permanent residence) in the UK for Innovator Visa holders

The Innovator Visa is an excellent option for entrepreneurs and business people looking to start a new business in the UK. Once you’ve established your business and it meets the criteria for endorsement, you can apply for Indefinite Leave to Remain (ILR). This will grant you permanent residence status in the UK and provide you with a range of additional rights and privileges.

To qualify for ILR as an Innovator Visa holder, you must show that your business is successfully trading, growing, and creating jobs in the UK. You’ll need to demonstrate that your business is actively operating and producing income and that it has been doing so for at least 12 months. You must also show that you’re playing an active role in managing and developing the business.

If your application is successful, you’ll be granted indefinite leave to remain in the UK. This will give you the right to live and work in the UK without any restrictions, and access a range of public services. It will also provide your family members with the same rights, meaning they can live and work in the UK as well.

If you decide to stay in the UK for more than five years, you may become eligible for British citizenship. However, there are certain requirements that must be met in order to become a British citizen. It is important to be aware of these before making a decision.

Requirements and restrictions for the Innovator Visa UK

The Innovator Visa UK is a visa that allows entrepreneurs to start a business in the UK. It requires applicants to be able to demonstrate their innovative, viable and scalable business idea.
In order to be eligible for the Innovator Visa UK, applicants must meet certain requirements and restrictions.

These include:

Age: All applicants must be 18 or older.

Maintenance funds: All applicants must have access to sufficient funds to support themselves while they are in the UK. This usually means that applicants must have access to at least £945 for a period of 90 days before applying for the visa.

Proof of endorsement from an approved body: Applicants must be endorsed by an approved body. This approved body must assess the applicant’s business idea and confirm that it is innovative, viable and scalable.

English language proficiency: All applicants must demonstrate a minimum level of English language proficiency as required by UK Visas and Immigration (UKVI).

Gathering necessary documents: All applicants must gather the necessary documents that are required to support their application. This includes a valid passport, proof of maintenance funds, evidence of endorsement, a business plan and financial projections.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

Restrictions: While on the Innovator Visa, all applicants are expected to comply with the restrictions set out by UK Visas and Immigration. This includes not engaging in any activities that are not related to their business idea or taking up any employment that is not self-employed. Applicants must also not enter into a marriage or civil partnership for the purpose of immigration.

By understanding the requirements and restrictions for the Innovator Visa UK, applicants can ensure that their application has the best chance of being successful.

What you can and cannot do while on the Innovator Visa UK

The Innovator Visa UK allows successful applicants to live and work in the UK for up to 3 years. As an Innovator Visa holder, you can undertake any type of business activity you choose, including self-employment, setting up a business or working for an existing one. You can also bring family members to the UK and apply for Indefinite Leave to Remain after a certain period of time.

However, there are certain restrictions you should be aware of while on the Innovator Visa UK. You cannot access public funds, meaning you are not eligible for benefits such as jobseeker’s allowance, housing benefit or tax credits. You are also not allowed to take any other type of employment apart from the business activity stated in your application. Furthermore, you must prove that you have the necessary financial resources to maintain yourself and your family during the visa period.

Overall, the Innovator Visa UK is a great opportunity for entrepreneurs and innovators looking to set up a business in the UK. However, it is important to be aware of all the rules and restrictions that come with this visa before applying.

Requirements for maintaining the Innovator Visa UK

Once your Innovator Visa UK application has been approved, there are certain requirements you must meet in order to maintain your visa status. You must adhere to these requirements during your stay in the UK in order to continue being eligible for the Innovator Visa UK and eventually apply for settlement (permanent residence).

In order to maintain the Innovator Visa UK, you must:

• Maintain endorsement from an approved body – You must maintain the endorsement from the endorsing body in order to remain eligible for the Innovator Visa UK.
• Maintain proof of funds – You must be able to prove that you have sufficient funds available to support yourself and any dependents during your stay in the UK.
• Keep up with business progress – You must be able to prove that you are making progress on your business plan and meeting targets set out in the business plan.
• Meet the English language requirement – You must demonstrate a minimum level of proficiency in the English language in order to remain eligible for the Innovator Visa UK.
• Provide regular updates to your endorsing body – Your endorsing body will require regular updates on your progress, which may include evidence of financial performance, a copy of your latest accounts or other reports as required.
• Regularly update Home Office – You must update the Home Office on your circumstances, such as changes of address, contact details or personal circumstances.

Failure to meet any of these requirements could result in your visa status being revoked and you being asked to leave the UK. Therefore, it is important that you are aware of the requirements and follow them throughout your stay in the UK.

Who is the Innovator Visa suitable for?

The Innovator Visa UK is an immigration route for entrepreneurs and business people who want to start a new business in the UK or join an existing business as an innovator. It is suitable for experienced business owners, entrepreneurs, and investors who have innovative and ambitious ideas that can contribute to the economy.

The Innovator Visa is suitable for individuals of any age who meet the requirements. Applicants must prove they have sufficient funds to cover their living costs in the UK, as well as providing evidence of endorsement from an approved body. They must also demonstrate their proficiency in the English language at a CEFR level B2 or above.

The Innovator Visa is best suited to those who are eager to establish or join a business in the UK, and who are confident that they can provide proof of the feasibility of their project and its potential contribution to the UK economy. It is important to note that applicants must provide a comprehensive business plan detailing their plans for the business, as well as financial projections, evidence of endorsement and proof of maintenance funds.

Overall, the Innovator Visa UK is an attractive immigration option for entrepreneurs and business people who wish to start a new venture in the UK. It is ideal for experienced professionals with innovative and ambitious ideas that could benefit the UK economy.

Entrepreneurs looking to start a new business in the UK

If you’re an entrepreneur with an innovative business idea, the Innovator Visa UK may be the perfect option for you. This visa allows you to live and work in the UK while setting up a new business. You will need to have your business idea endorsed by an approved body before you can apply for this visa.
In order to be eligible for the Innovator Visa UK, you must meet the following criteria:

• Be aged 18 or over
• Have enough money to support yourself and your family while in the UK
• Provide evidence of endorsement from an approved body
• Prove your knowledge of English at a minimum level

Once you have met all of the eligibility requirements, you will need to start gathering the required documents for your application. This includes a valid passport, proof of endorsement, a business plan, financial projections, evidence of maintenance funds and more. It is important that you provide all of the necessary documents in order to ensure your application is successful.

You will then need to submit your application either online or in person, along with the required application fee. To make sure that your application is processed smoothly, it is important that you fill out all sections of the form accurately and thoroughly.

Once your application has been received, you may be invited for an interview and assessment at the UK embassy or visa center. The purpose of this assessment is to determine whether or not your business meets the criteria for endorsement. During the interview and assessment process, you should prepare to answer questions about your business plan and financial projections, as well as any other relevant questions about your venture.

After the interview and assessment process, you should receive a decision on your application within 3-6 weeks. If your application is approved, you will be issued with a visa that will allow you to stay in the UK for 3 years and 4 months. During this time, you can start up your business and develop it into a successful venture.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

The Innovator Visa UK is a great option for entrepreneurs who want to start their own business in the UK. With this visa, you can take advantage of the UK’s economy and business environment while developing your venture into something successful.

Individuals joining an existing business as an innovator

The Innovator Visa UK is designed to attract and retain talented entrepreneurs in the UK. The visa is available for individuals who have a genuine, original business idea and can demonstrate that it has the potential for growth. The visa can also be used by those who are joining an existing business as an innovator.

To qualify for the Innovator Visa UK as an individual joining an existing business, you must demonstrate that you have a genuine and valuable contribution to make to the business. You must also provide evidence of your endorsement from an approved body, proof of maintenance funds, and evidence of your English language proficiency.

Your application should include a business plan that outlines how you will add value to the business, including details of any new products, services or ideas you plan to introduce. It should also include financial projections and evidence of how you intend to generate income.

You must also provide proof of endorsement from an approved body. This body must assess your business plan and decide whether they endorse it. Approved bodies include UK universities, trade associations and government agencies.

In addition to these requirements, you must also show evidence of having sufficient funds to support yourself during your stay in the UK. You must demonstrate that you have access to at least £1,270 per month for living expenses.

Finally, applicants must prove that they have the required level of English language proficiency. This can be done either by passing an approved English language test or by providing evidence that you have achieved a degree taught in English.

The Innovator Visa UK offers an exciting opportunity for individuals who are joining an existing business as an innovator. With the right documentation, business plan and endorsement, you could join a successful UK business and become a valuable asset.

Teams applying for an Innovator Visa together

For teams of up to three people, the Innovator Visa UK provides a great opportunity to start a business in the UK. All team members must meet the eligibility requirements for the visa, such as having the required amount of maintenance funds and being endorsed by an approved body.

In addition, all team members must provide proof of their knowledge of the English language. It is important for all team members to ensure that they each provide the necessary documents for their individual application, which may include a passport, a letter from an endorsing body, a business plan and evidence of maintenance funds.

When applying together, it is important to have an organized and detailed application package. The team should also have a strategy in place that outlines the roles and responsibilities of each team member in order to present a cohesive and well-thought-out business plan to the immigration authorities.

The interview and assessment process for the Innovator Visa UK may be slightly different for teams than for individual applicants. Each team member will likely be required to answer questions about the business plan, their individual skills and qualifications, and their commitment to starting a successful business in the UK. The immigration authorities will also assess how well the team works together and how likely it is that the business will be successful.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

Teams applying for the Innovator Visa together must demonstrate a clear strategy for their business venture, as well as a unified commitment to achieving success in the UK. With a well-organized application package and a good understanding of the immigration process, teams should have no problem making a successful application.

Endorsement criteria for the UK Innovator Visa

The UK Innovator Visa is designed to enable entrepreneurs and innovators to enter the UK in order to establish their own business or join an existing one. As part of the application process, applicants are required to be endorsed by an approved body as evidence of their business concept and/or track record.

To be eligible for endorsement from an approved body, applicants must:
• Demonstrate that their business concept or product is innovative, viable, and scalable
• Be able to present a credible business plan
• Show that they have the necessary financial resources to develop the business and make it successful
• Prove that the applicant will bring economic benefit to the UK
• Have sufficient English language proficiency

The approved bodies may also assess the applicant’s education and qualifications, experience, and investment funds.

Approved endorsing bodies include Tech City UK, Innovate UK, University of Oxford, London Business School, and more. For more information on approved bodies and the criteria they use when assessing applicants, you can visit the UK Visas & Immigration website.

It is important to note that endorsement does not guarantee a successful application for the Innovator Visa. Ultimately, it is up to the UK Visas & Immigration office to assess the applicant’s eligibility for the visa and decide whether or not to grant it.

Requirements for endorsement from an approved body

The Innovator Visa UK requires applicants to be endorsed by an approved body in order to qualify for the visa. Endorsement from an approved body proves that the applicant has a viable and innovative business idea that has the potential to succeed in the UK.

Approved bodies include universities, business accelerators, trade organizations and investors who are registered with the Home Office. The list of approved endorsing bodies is available on the UKVI website.

Applicants must provide evidence of endorsement from an approved body when submitting their application. This may include a letter of endorsement, a business plan, financial projections and evidence of maintenance funds. The endorsing body must provide a detailed explanation of why they believe the applicant’s business idea is viable and innovative, and have the potential to succeed in the UK.

In order to receive an endorsement, applicants must prove that they have a credible business plan which includes details on the product or service, market research and competitive analysis, target customers, marketing strategies, management structure and financial projections. Applicants must also show that they have sufficient maintenance funds to support themselves and any family members who may accompany them to the UK.

The endorsement should be provided by a professional who has expertise in the area related to the applicant’s business. They should have a good understanding of the applicant’s business concept and be able to provide an impartial assessment of its viability and potential. Endorsers must also be familiar with UK business law and regulations.

It is important to note that while receiving endorsement from an approved body is mandatory for the Innovator Visa UK, it is not a guarantee that your visa application will be successful. All applicants must also meet all other eligibility criteria for the Innovator Visa UK before their application will be considered.

List of approved Innovator Visa endorsing bodies

1. UK Trade and Investment (UKTI): UKTI offers support to international entrepreneurs who want to start a business in the UK. The UKTI team assesses the business plan and provides endorsement for the Innovator Visa application.
2. Tech City UK: Tech City UK is a government-backed organization that focuses on growing tech businesses in the UK. To get endorsement from Tech City UK, entrepreneurs must have a viable business idea, show proof of capital investment, and demonstrate the ability to scale the business.
3. Innovate UK: Innovate UK is an organization that helps to accelerate innovation and economic growth in the UK. To receive Innovate UK endorsement for the Innovator Visa, entrepreneurs must present a fully developed business plan and show that the business will be beneficial to the UK economy.
4. British Business Bank: The British Business Bank is a government-owned business bank that provides financial support to small and medium-sized enterprises. To get endorsement from the British Business Bank, applicants must demonstrate that their business is both innovative and viable.
5. British Chambers of Commerce: The British Chambers of Commerce is an independent organization that represents businesses from across the UK. It provides resources and guidance to entrepreneurs looking to set up a business in the UK, and also provides endorsement for Innovator Visa applicants.
6. Scale Up Institute: The Scale Up Institute is an independent organization that helps scale up businesses in the UK. To be endorsed by Scale Up Institute, entrepreneurs must demonstrate their commitment to creating jobs in the UK and provide evidence of successful businesses they have started in the past.
7. Entrepreneur First: Entrepreneur First is a private organization that helps entrepreneurs launch innovative startups in the UK. To be endorsed by Entrepreneur First, entrepreneurs must demonstrate that their business is high-growth and has potential to scale in the future.

Switching to the Innovator Visa from another UK visa

If you are currently in the UK on another visa, such as a Tier 4 student visa, you may be eligible to switch to the Innovator Visa. This visa allows you to stay in the UK as an entrepreneur and to pursue a business idea or join an existing business as an innovator.

To switch to the Innovator Visa from another UK visa, you must meet several eligibility criteria:

• You must already be in the UK on a valid visa
• You must be 18 years old or older
• You must prove that you have enough funds to support yourself for the duration of your stay in the UK
• You must have an endorsement from an approved body
• You must meet the English language requirement
• You must provide a valid passport and other relevant documents

You will also need to submit an application form and pay the required application fee. The application fee is different depending on whether you apply online or by post.

It can take up to three months for your application to be processed, and if it is successful, you will be issued with a visa that is valid for three years. After three years, you may be eligible to apply for an extension of your visa or indefinite leave to remain in the UK.

If you have any questions about switching to the Innovator Visa from another UK visa, it is important that you seek advice from an immigration lawyer or other qualified professional.

Eligibility for switching to the Innovator Visa from another visa

If you are already in the UK on a different visa, you may be able to switch to the Innovator Visa. The UK has specific rules and requirements for switching between visas and you must meet all criteria before being approved for the Innovator Visa.

To be eligible for switching to the Innovator Visa from another visa, you must meet the following criteria:

• You must have been in the UK legally for at least three months before your application.
• You must prove that you have enough money to support yourself without public funds.
• You must be endorsed as an innovator by an approved body.
• You must prove that you have basic English language skills.
• You must provide a business plan and financial projections showing how your business will create growth, jobs and other benefits for the UK economy.
• Your business must have received a minimum of £50,000 in investment or have access to this amount of funding.
• Your business must pass the Home Office’s Genuine Entrepreneur Test.
  If you are unsure if you are eligible to switch to the Innovator Visa, it is important to speak to an immigration adviser or lawyer before submitting your application.

How to apply for a switch to the Innovator Visa

If you are currently in the UK with a valid visa and wish to switch to the Innovator Visa, there are a few steps you will need to follow.

First, you must ensure that you meet all the eligibility requirements for the Innovator Visa. This includes being 18 or over, being able to prove you have the maintenance funds required, having an endorsement from an approved body and proof of English language proficiency. Once these criteria are met, you can begin the process of applying for a switch.

The application process for switching to the Innovator Visa is similar to that of the initial application. You will need to fill out an online application form and submit supporting documents such as a passport, proof of endorsement, business plan, financial projections and evidence of maintenance funds. You may also need to attend an interview with a Home Office representative and take part in an assessment.

Once your application is complete, it will be reviewed by the Home Office and they will make a decision on whether or not your switch will be approved. If it is successful, you will receive a new visa and will be able to continue living in the UK under the Innovator Visa.

It is important to note that switching to the Innovator Visa is subject to the same requirements as applying for one initially. As such, you should ensure that all documents and information provided is accurate and up-to-date.

Indefinite Leave to Remain (ILR) as an Innovator

If you are successful in your application for the Innovator Visa UK, then you will be eligible to apply for Indefinite Leave to Remain (ILR) as an Innovator. ILR is the process of obtaining permanent residence in the UK, which grants you many long-term rights and benefits.

In order to qualify for ILR as an Innovator Visa holder, you must have lived in the UK for a continuous period of 5 years. During this time, you must have met all the requirements of the Innovator Visa UK, such as maintaining the necessary funds, having a valid endorsement and providing evidence of your business progress. You must also pass the ‘Life in the UK’ test and have sufficient knowledge of English language.

Once you have satisfied these conditions and have been granted ILR, you will have many benefits including the right to work in the UK without restriction, access to public services such as healthcare and education, and the right to apply for British citizenship. With ILR, you will be able to travel freely in and out of the UK and stay for an unlimited amount of time each year.

If you want to live and work in the UK permanently, the Innovator Visa UK can offer you the opportunity to do so. By taking all of the necessary steps to meet the eligibility criteria for ILR and providing all required documents, you can make a successful application for permanent residence.

How to qualify for ILR as an Innovator Visa holder

If you have been in the UK for a minimum of 5 years as an Innovator Visa holder, you may be eligible to apply for Indefinite Leave to Remain (ILR) or permanent residence in the UK. The criteria for eligibility for ILR as an Innovator Visa holder include:

• You must have held a valid Innovator Visa for a period of 5 years prior to submitting your application;
• You must have spent no more than 180 days outside of the UK during each of the 5 years on your Innovator Visa;
• You must have passed the Life in the UK test and/or provided proof of your ability to speak and understand English;
• You must not have committed any serious criminal offences while in the UK;
• You must meet the financial requirements, including having sufficient funds to support yourself and any dependents without relying on public funds;
• You must have created and operated a viable business that meets the requirements of the endorsement body;
• You must have provided evidence that your business has created jobs and generated revenue.

If you meet all of these criteria, you can apply for ILR as an Innovator Visa holder by completing the online application form and submitting it with the required supporting documents. Upon submission of the form, your application will be reviewed by the Home Office and a decision will be made within 6 months. Once your ILR application is approved, you will be granted indefinite leave to remain in the UK, allowing you to live, work, and travel freely.

Benefits of ILR in the UK

Indefinite Leave to Remain (ILR) is a status granted to non-British citizens who wish to remain in the UK for an indefinite period of time. ILR allows individuals to stay and work in the UK without restriction or limitation and grants them the same rights as a British citizen. Those who are granted Indefinite Leave to Remain (ILR) in the UK are allowed to travel in and out of the UK, apply for British citizenship and receive certain public funds and benefits.

The main benefits of ILR in the UK include:

1. No restrictions on work: Once you have been granted ILR in the UK, you are able to work in any job, at any level and any sector without restriction or limitation.
2. Freedom to travel: With ILR, you are allowed to travel in and out of the UK without having to apply for a visa each time.
3. Right to live permanently: With ILR, you will be able to remain in the UK for an indefinite period of time and enjoy the same rights as a British citizen.
4. Access to public funds: Those with ILR status can access certain public funds, such as healthcare, education and housing benefits.
5. Right to apply for citizenship: Those with ILR status can apply for British citizenship after a certain amount of time.

The Innovator Visa UK allows successful applicants to apply for Indefinite Leave to Remain (ILR) after three years of residence in the UK, provided that all of their requirements for maintenance funds and endorsement have been met. This offers a great opportunity for those who wish to settle in the UK on a more permanent basis.

Comparison of the Innovator Visa and the Start-Up Visa

The Innovator Visa and the Start-Up Visa are both designed to enable innovative individuals and businesses to enter the UK and benefit from its vibrant business environment. While there are some similarities between the two visas, there are also important differences to be aware of.

The eligibility requirements for the Innovator Visa are slightly different from those for the Start-Up Visa. To qualify for the Innovator Visa, applicants must be aged 18 or over, have access to at least £50,000 in maintenance funds, and must have an endorsement from an approved body. On the other hand, applicants for the Start-Up Visa must be aged 18 or over, have access to at least £945 in maintenance funds, and must have an endorsement from an approved body.

In addition to these requirements, applicants for the Innovator Visa must also demonstrate their English language proficiency, provide a business plan, financial projections and evidence of maintenance funds, and submit additional documents including a valid passport. The Start-Up Visa has more relaxed requirements, but applicants must still provide a valid passport and demonstrate their English language proficiency.

The benefits of the Innovator Visa include being able to work in the UK for up to three years and having the opportunity to apply for settlement (permanent residence) after five years. With the Start-Up Visa, holders can stay in the UK for up to two years and may have the opportunity to switch to another visa if their business is successful.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

When choosing between these two visas, it’s important to consider your individual circumstances and the nature of your business. If you’re a more established entrepreneur who requires a larger budget and longer stay in the UK, then the Innovator Visa may be more suitable for you. However, if you’re just starting out with a smaller budget and shorter stay in the UK, then the Start-Up Visa may be a better option.

Differences between the two visas

The Innovator Visa and the Start-Up Visa are both designed to allow entrepreneurs and innovators to come to the UK to establish their business. However, there are some key differences between the two visas.

The Innovator Visa requires endorsement from an approved body, such as a business incubator or accelerator, venture capital firm, or other endorsed body. Endorsement is based on a variety of criteria, including business plans and financial projections. The Start-Up Visa does not require any endorsement or approval from an outside organisation.

The Innovator Visa is open to applicants over the age of 18, while the Start-Up Visa has an age restriction of 18 to 30.

The maintenance requirements for the Innovator Visa are more extensive than those for the Start-Up Visa. Applicants must show they have access to £945 in savings for each month they intend to stay in the UK, up to a maximum of nine months. The Start-Up Visa only requires applicants to show they have £945 available at the time of application.

In addition, applicants applying for the Innovator Visa must have a minimum level of English language proficiency. Applicants for the Start-Up Visa are not required to prove English language proficiency.
Finally, the Innovator Visa provides a path to settlement (permanent residence) in the UK for successful applicants. The Start-Up Visa does not provide a direct path to settlement in the UK, but does provide a route to extend the visa for up to two years.

Which visa may be more suitable for you

Deciding between the Innovator Visa and the Start-Up Visa for your business venture in the UK can be a difficult choice. While both visas offer the potential for entrepreneurs to set up businesses in the UK, there are some key differences that make one visa more suitable for certain individuals and teams.

The Innovator Visa is aimed at experienced entrepreneurs who have a credible and innovative business idea. The UK government provides endorsement from an approved body to applicants who meet the criteria and show the potential to become a successful business. This visa allows you to remain in the UK for three years and is renewable for another three years. The visa also provides you with a pathway to settlement (permanent residence) in the UK after three years.

On the other hand, the Start-Up Visa is designed for those with less experience or who are just starting out on their entrepreneurial journey. Applicants will be judged on the strength of their business plan, rather than needing endorsement from an approved body. This visa allows you to remain in the UK for two years, but it does not provide a route to settlement.

If you are an experienced entrepreneur who has a credible and innovative business plan, the Innovator Visa may be more suitable for you. If you are just starting out on your entrepreneurial journey and do not have a well-developed business plan, then the Start-Up Visa may be more suitable for you. It is important to consider both visas carefully before making a decision on which visa is more suitable for you.

Family members and the Innovator Visa

The Innovator Visa UK allows you to bring family members to the UK with you. Family members include your partner (spouse, civil partner, unmarried or same-sex partner), and any dependent children under the age of 18. Your family members will be granted permission to stay in the UK on a dependant visa and they will be able to work or study while in the UK.

In order to be eligible to bring family members to the UK with you on the Innovator Visa, they must meet certain requirements. These requirements include:

1. They must be financially dependent on you;
2. They must have suitable accommodation;
3. They must have sufficient funds to support themselves;
4. They must not be a burden on the UK public funds;
5. They must comply with UK immigration laws; and
6. They must not pose a threat to the UK’s security or public safety.

Your family members will also need to provide documents with their visa application, such as proof of relationship, financial dependency, suitable accommodation, and funds to support themselves.
If your family members are approved for a dependant visa, they will be able to live and work in the UK for the same length of time as you, up to a maximum of five years. After five years, they may be eligible to apply for Indefinite Leave to Remain in the UK if you have been granted this status.

It is important to note that if any of your family members do not meet the above requirements or fail to provide all necessary documentation, their application may be refused. Therefore, it is important that you thoroughly review all requirements before submitting an application for a dependant visa on behalf of your family members.

Options for bringing family members to the UK under the Innovator Visa

If you’re applying for the Innovator Visa UK, you may be able to bring your family members with you. Family members may include a partner and any dependent children under the age of 18. In order to be eligible to bring family members with you, you must meet certain criteria, such as having a minimum of £945 in savings for each dependant for 90 days before making the application.

In order for a family member to join you in the UK, they must apply for a visa. Your family members must also pass a series of checks, including health and criminal record checks. Your family members will need to provide evidence of the relationship with you, such as marriage or birth certificates.

The cost of the application for your family members is not included in the cost of your own Innovator Visa UK application. Each family member will need to pay their own application fees and provide evidence that they meet all the requirements.

Once your family members are granted their visas, they will be able to join you in the UK and live with you while you work on your business. Your family members may be able to work in the UK depending on their visa status.

CGM is a corporate immigration application for expats, sponsoring companies and business immigration advisors. Feel free to contact us on 0300 000 000 or send us an email if you have any questions. 

If you would like to bring family members with you to the UK on an Innovator Visa, it’s important to ensure that you understand all the requirements and are able to meet them. To find out more about how to apply for a visa for your family members, contact an immigration solicitor who can guide you through the process.

Required documents for the Innovator Visa application

Before applying for the Innovator Visa UK, it is important to gather all the necessary documents. This includes proof of endorsement from an approved body, evidence of your ability to maintain yourself financially, a business plan and financial projections, as well as other documents related to your identity and background.

The most important document for the Innovator Visa application is proof of endorsement from an approved body. This can either come from a business or educational institution that has been approved by the Home Office. Once you have been accepted for endorsement, you will be issued with a letter of endorsement which will need to be included with your application.

You will also need to provide evidence that you have enough funds to maintain yourself and any dependants. This should include bank statements or other documents showing your total available funds over a period of at least three months prior to submitting the application.

A business plan and financial projections are also required for the Innovator Visa application. Your business plan should include information about your proposed business and how you intend to run it. Financial projections should include details on expected income, expenses, and any capital investments.

Other documents required for the Innovator Visa application include:

• Valid passport
• Proof of English language proficiency
• Police registration certificate (if applicable)
• Residence permit (if applicable)
• Biometric residence permit (if applicable)
• Educational certificates
• Curriculum Vitae (CV)
• Tax returns or other evidence of income (if applicable)
• Marriage/civil partnership certificate (if applicable)
• Birth certificates of any dependants (if applicable)

It is important to make sure that all documents are up-to-date and organized before submitting the application. Doing so will help speed up the processing time for the Innovator Visa application.

List of documents to include in the Innovator Visa application

1. Valid passport: You will need to provide your current and valid passport, including at least two blank pages.
2. Proof of endorsement: You will need to provide a copy of your endorsement letter from an approved body.
3. Business plan: You will need to include a detailed business plan that outlines the products or services you intend to offer, as well as how you plan to market them.
4. Financial projections: This should include an estimate of the projected revenue, profits, and expenses related to the business.
5. Evidence of maintenance funds: You will need to provide evidence that you can support yourself financially while in the UK. This could include bank statements, pay slips, or other documents that show a source of income or savings.
6. English language proficiency: You may need to take an English language test to prove that you have the necessary proficiency for the Innovator Visa.
7. Interview: You may be required to attend an interview with a UKVI official. The purpose of this is to assess whether you meet the criteria for the Innovator Visa.

Tips for organizing and submitting documents with the application

1. Gather all the documents you need in one place. Make sure to include any original documents, passports, letters of endorsement, and other required documents.
2. Create a checklist of all the documents you need and make sure they are all included before submitting your application.
3. Make sure all documents are properly translated if they are not in English.
4. Always use original documents unless instructed otherwise by UK Visas and Immigration.
5. Make copies of all documents for your records.
6. Ensure all documents have been signed and dated if applicable.
7. Submit all documents in the correct format as outlined by UK Visas and Immigration.
8. If sending your application by post, use registered post or courier services to ensure it is delivered safely.
9. Keep a record of your tracking information so that you can track the progress of your application.
10. Check your application thoroughly before submission to make sure everything is filled out correctly and all documents are included.

What are the benefits of the Innovator Visa ?

The Innovator Visa UK offers entrepreneurs the opportunity to start a business in the UK. This visa has numerous advantages, including:
• The ability to live and work in the UK for up to 3 years with potential extension options available;
• Access to the UK’s world-class healthcare system, education, and job opportunities;
• Low taxes on profits earned from your business;
• The potential to settle permanently in the UK;
• The possibility of bringing family members to the UK as dependents.
The Innovator Visa also allows you to recruit or bring skilled workers from outside of the European Economic Area (EEA) who can help your business grow and succeed. With the Innovator Visa, you can develop innovative ideas, gain access to the UK’s many resources and opportunities, and explore new business opportunities.

Conclusion

The Innovator Visa UK is a popular choice for individuals looking to start or grow a business in the UK. This visa category allows innovative entrepreneurs to come to the UK to set up or run a business, with the goal of creating jobs and contributing to the UK economy. To be eligible for the Innovator Visa UK, you must be at least 18 years old and have a business idea that is both innovative and viable. You must also meet the English language requirement and have sufficient funds to support yourself and your dependents during your stay in the UK.

One of the key benefits of the Innovator Visa UK is that it allows you to create new jobs in the UK. Whether you are a graduate entrepreneur looking to turn your innovative business idea into a reality, or an experienced business owner looking to expand your operations into international markets, the Innovator Visa UK can provide the support you need to succeed.

To apply for the Innovator Visa UK, you must first secure an endorsement from an approved body. This endorsement is based on your business proposal and your potential to create jobs and drive economic growth in the UK. If you are successful in obtaining an endorsement, you can then apply for an initial Innovator Visa.

If your business is already established and you are looking to expand into the UK, you may be eligible to apply for the Same Investment Funds Innovator Visa route. This route is available to innovators who have already received investment from approved funds and are looking to use those funds to set up or expand a business in the UK.

Whether you are applying for the initial Innovator Visa or the Same Investment Funds Innovator Visa route, it is important to carefully review the requirements and ensure that your business proposal meets all of the necessary criteria. Your business proposal should outline the nature of your business, the market need for your product or service, and your plans for growth and job creation in the UK.

If your application is successful, you will be granted a business visa that allows you to live and work in the UK for a period of up to three years. After this time, you may be eligible to apply for an entrepreneur visa, which allows you to remain in the UK on a more permanent basis.

Overall, the Innovator Visa UK is an excellent option for innovative entrepreneurs looking to start or grow a business in the UK. By meeting the eligibility requirements and submitting a strong business proposal, you can take the first step towards building a successful business and contributing to the UK economy.

How we can help

CGM App is an end-to-end immigration app, designed to make the immigration and global mobility process more seamless and compliant; specifically for expats, sponsoring companies, and immigration consultants globally.

Visit cgmpartners.org.uk/register for more information.

Frequently asked questions

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