UK Innovator Visa Application Requirements There are some significant requirements that must be met in order to qualify for this visa. Switch to this visa from another visa. The investment requirement is £50,000 and … There are two new visa routes: the start up visa and the innovator visa . The Innovator Visa is for those who are willing to set up a new or their current business in the UK. The start up visa is for people looking to establish a business in the UK for the first time. Applicants will have an innovative, viable and scalable business idea which is supported by an endorsing body. These three qualities will be central to the review of both your business idea and plan, which will be undertaken by a Home Office approved endorsing body. The UK Innovator visa category is aimed at experienced entrepreneurs seeking to establish a new business in the UK. We have significant experience in preparing visa applications for individuals who wish to move to the UK for work and business purposes. UK Innovator Residency Visa. UK Innovator visa ‘Innovation’ the word means ‘something which does not currently exist’ or ‘an improvement on an existing invention’. Eligibility for UK Innovator Visa. The UK Innovator Visa is valid for 3 years and may be renewed for a further period of 3 years subject to continuing endorsement by an authorised entity. Under this route, applicants are required to demonstrate an innovative, viable and scalable business idea which is supported by a Home Office approved Endorsing Body. Applying for a UK Innovator visa The Innovator visa route will replace the Tier 1 (Entrepreneur) visa and opens on 29th March 2019. Similar to the Start-up visa, an innovator visa requires all applicants to obtain an endorsement letter from an approved endorsement body.. You will need to have £50,000 to invest in your business. In the case of a team of Entrepreneurs, each team member must have access to a minimum of £50,000. Applicants need a minimum of £50,000 to invest in the business, and their business proposal must be endorsed by an endorsing body. You can apply for an Innovator Visa if: 1. The innovator route allows non-EU citizens to set up or run a business in the UK. If you application is suitable, you will be invited to present to the Edinburgh Innovations visa endorsement panel who will decide on your endorsement. However, the innovator visa is for more experienced businesspersons. UK Innovator Visa Guidance Notes 2021. This visa program has been specially crafted for business professionals who are eligible to set up an innovative business in their own area of specialization. What is the UK Innovator Visa? The UK Innovator Visa was created for experienced professionals looking to expand their business acumen to the UK. The UK Innovator Visa is a UK visa category usually for experienced businesspeople to set up an innovative business. On 7 March 2019, the Home Office announced the closure of the Tier 1 (Entrepreneur) visa category and introduced a new immigration category: the Innovator visa. UK Innovator Visa. Applicants will now need to be endorsed by a third party organisation, but the investment funds requirement has been reduced from £200,000 to … Subject to meeting advanced business performance criteria the Applicant may be eligible to apply for permanent residence after 3 years residence. Under UK Innovator Visa, you and your family will have access to the UK's NHS free healthcare system. Download the Innovator Visa Endorsement Form, complete and return it, along with a supporting statement from a University of Edinburgh representative and your business plan to visas@ei.ed.ac.uk. To meet the UK Innovator Visa requirements, your idea must be unique and new. Favourable Economic Conditions: After a period of generally disappointing growth in 2011 and 2012, the UK economy has shown clear signs of recovery during 2013 which is expected to continue in 2019-20. We’re approved by the UK Home Office as an Endorsing Body for Start Up and Innovator Visa Applications to give you the … This visa caters to individuals who wish to establish a tangible product-based business or a service-based business. This visa which was replaced by the Start-Up and Innovator Visas was seen as a move by the UK government to boost entrepreneurship and innovation in the UK however the two new visas routes have not gained the traction that was expected where recent figures show that only four applications were granted between April and June 2019 under the Tier 1 Innovator route. The New Innovator Visa On 29th March 2019 the entrepreneur visa is being replaced with a new category of “Innovator”. In other words, you cannot join or invest in a business that is already set up and trading in the UK. The Innovator Route is for those entrepreneurs who would be looking for setting-up their business in the UK and likely this category is targeting more experienced business persons. You must meet the UK Innovator visa English language requirement. Want to apply for an Innovator Visa but don't have a business idea? Most UK Innovator visa applicants need to have £50,000 to invest in a new business. The Innovator visa category is for non-EEA nationals who are experienced businesspeople seeking to establish a business in the UK. Regardless of whether you are submitting your UK Innovator visa application from within the UK, or from outside the UK, you are required to show that you meet the B2 standard of the Council of Europe’s Common European Framework for Language and Learning in reading, writing, speaking and listening. Before you apply you must have your business assessed by any authorised body. For entrepreneurs looking to set up a business in the UK. Going to the UK on Innovator Visa requires you to clear a point-based test. The Innovator visa route is aimed at experienced entrepreneurs seeking to set up or run a business in the UK. The Innovator Visa is one of the new UK immigration routes outside of the Points Based System. All applicants for entry clearance or leave to remain must have been endorsed in this category by an endorsing body. DavidsonMorris are recognised experts in recognised in the Legal 500 UK for our expertise in advising entrepreneurs and investors to pursue their business goals in the UK. The Innovator Visa is a route businessmen or aspiring start-ups can take with an aim to establish their business in the UK. You may be able to apply for settlement (known as ‘indefinite leave to remain’) once you’ve been in the UK … What is a UK Innovator Visa? The new route will require a lower investment, but the individual will have to secure endorsement from an approved organisation before … This will present an exciting opportunity for those who have the talent and desire to start a new business in this country with the possibility of obtaining permanent status within three years. The UK innovator visa is a successor of Tier 1 entrepreneur visa. It is for experienced business people who are looking forward to expanding or establish their business in the United Kingdom. REQUIREMENT 2. UK Innovator Residency Visa. The main characteristic of this route is that an approved body must endorse the business or business idea. The points requirements are calculated as per investment funds, language skills, and maintenance funds. UK Innovator Visa On 7th March, 2019 the Tier 1 Entrepreneur Visa was substituted by the UK Innovator visa. You can apply to extend for another 3 years when your visa is due to expire. The Innovator Visa route is designed for experienced businesspeople who seek to start a business in the UK. The UK Innovator visa category is for experienced businesspersons seeking to establish a business in the UK. Perhaps, a start-up visa is for those migrants who are looking to establish a business in the UK for the first time. It is one of two brand new visa categories that have been aimed at changing the way that startups and innovators setup and run their businesses in the UK. The Innovator Visa allows non-UK Citizens to set up an innovative new business with an investment of at least £50,000 of their own money. You can apply if you are outside of the European Economic Area (EEA) & Switzerland. The applicant does not need to be the sole founder of the business and maybe a member of an entrepreneurial team. Come to the UK on an Innovator visa. UK Innovator visa application: How we can help Please note that at present, we are only able to offer visa assistance to applicants who have already received an offer of endorsement from an endorsing body. Speak to our UK business visa specialists for Innovator Visa Guidance. The key to securing a Tier 1 Innovator is obtaining an endorsement from a Home Office approved endorsing body. It is for business owners or professionals who have an original business idea which is innovative, viable, with potential for growth. Join an existing UK company and become a co-director, co-founder and an investor, form a partnership with an existing business innovation We help global entrepreneurs develop successful businesses throughout the UK, across every sector, to achieve the targets they desire. However, this new innovator visa scheme throws up a series of challenges for entrepreneurs looking to make the move into the UK market. The UK Innovator Visa was created in April of 2019, replacing the Tier 1 Entrepreneur Visa. To break these three requirements further: Have an Innovative business or business idea endorsed by an approved endorsing body The UK Innovator visa category is for experienced business people seeking to establish a business in the UK. Applicants can establish their own business, or invest in an existing UK-based business, including innovative startups slated for expansive growth. There’s no limit on the number of times you can extend. You will also have an innovative, viable and scalable business idea which has … The Innovator visa category is for businesspeople outside the EEA and Switzerland who have £50,000 to invest in their business from any legitimate source. You can apply to come to the UK if you are planning on setting up or running a new business in the UK and you are outside of the European Economic Area (EEA) and Switzerland. According to the UK immigration policy, UK innovator visa is stated as “A route for more experienced businesspeople looking to establish a business in the UK. The initial Innovator visa grants entry for 3 years which can be extended for another 3 years with no maximum time limit in the category. Innovator Visa has replaced the Entrepreneur category with the introduction of Appendix W in the UK Immigration Rules. Our Services for UK Innovator Visa. Innovation is the driving force behind the rapid growth of the present day global economy; it creates competition among the … The Tier 1 Innovator visa is a unique business visa available for non-EEA entrepreneurs who wish to establish a new and innovative business in the UK. Each of them is designed to incentivise innovation in the UK and economic growth through a residency programme. The Innovator Visa is very much aimed at those with a history of running a successful business. 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