Overview of the country
The United Kingdom is one of the world’s most popular tourist destinations. The global center, London, is in the United Kingdom (UK), an island nation in Europe made up of England, Scotland, Wales, and Northern Ireland. The locals are tolerant and lovable, and they are fiercely loyal to their age-old customs and traditions, which are deeply embedded in British culture. The United Kingdom has one of the most attractive business environments. first-rate amenities, a world-class educational system, and cutting-edge health care. The UK residence program is one of the most popular resident visa programs among non-UK nationals worldwide.
A detailed guide on Innovator Founder visa
The Innovator Founder visa is for startup entrepreneurs or businesspeople with experience who desire to launch a firm in the United Kingdom. There is no minimum investment requirement, but applicants must have a creative, sustainable, and scalable company plan that has been approved by a recognized endorsing authority. They must have originated or significantly contributed to the creation of the concept and intend to actively manage and build the business. The visa is valid for three years with the option of extending it indefinitely. Spouses and children under the age of 18 may accompany the applicant to the UK.
Advantages of acquiring an Innovator Founder visa
- Fast Residency application procedure; get UK Residency in as little as 21 days
• Unrestricted ability to live, work, and do business in the UK - Ability to add family members such as spouses, partners, and children
• One of the nicest international business settings in the world
• State-of-the-art amenities
• Eligibility for Indefinite Leave to Remain after 3 years
• Eligibility for UK Citizenship
Who is eligible to apply for the Innovator Founder Visa?
- Applicant must be at least 18 years old;
- Must plan to start a new inventive, sustainable, and scalable business;
- A certified endorsing body must approve the company proposal.
- You have a proficient command of the English language, achieving or above the CEFR Level B2 competency levels (equivalent to an IELTS score of 5.5 in reading, writing, hearing, and speaking).
• If you are not presently resident in the United Kingdom or want to remain for less than a year, you must demonstrate financial means to sustain yourself by having a minimum of £1270 in money.
Endorsement Requirements for an Entrepreneur Visa for an Innovator Founder
To get an endorsement for an Innovator Founder visa, you should fulfill specified standards set by the appropriate endorsing organization in order to get an endorsement for an Innovator Founder visa.
- You have the qualifications and attributes required to be endorsed through the Innovator Founder path.
• The endorsing body has no worries about the origin of the funds invested in your firm. - The endorsing body has no reason to assume that you or your business are engaging in any illegal or unexplained financial activities.
You have generated or made substantial contributions to the concepts contained in your comprehensive business plan.
• Your tasks will include carrying out the day-to-day activities described in the company strategy.
• You will attend at least two meetings with your endorsing body each month to present updates and receive direction.
• You are either the principal founder or a key part of the founding team; and your company endeavor displays creativity, feasibility, and scalability.
Applications for an Innovator Founder visa based on the same business
If you are embarking on an entrepreneurial venture that has previously been evaluated by an endorsing body approved by the Home Office, either during a previous application for the endorsement or through an interaction with the body, you have the option to seek an additional endorsement as an Innovator Founder.
You must satisfy a Home Office-approved endorsing body to qualify for an Innovator Founder endorsement letter based on running the same firm as in a prior endorsement application.
- You officially register as a director or member of your business with Companies House, ensuring its legitimacy and compliance with regulatory requirements.
• Your business is currently operational, engaging in trading activities, and demonstrating long-term viability.
• You have made significant progress in accordance with your business plan, making significant strides toward your goals.
What do you get from the Innovator Founder Visa?
- The possibility to start up and manage your own business in the UK;
- The ability to bring your dependents, including your spouse and children;
- You can stay in the UK for up to three years;
After three years, you can apply for settlement.
