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Residence by Investment United Kingdom
The UK Innovator Founder Visa is a new immigration route launched on 13 April 2023. It is aimed at overseas candidates who wish to establish the innovative business in the UK. The visa replaces the Innovator and Start-up visas, offering several advantages over its predecessors.
Investment
Applicants must have at least £20,000 in investment fund
Processing time
The processing depends upon various factors like the request's complexity, the application's completeness, and the volume of requests being processed at a given time.
Key benefit
London: financial center Favorable tax regime Global flight connections Renowned schools/universities
RESIDENCE BY INVESTMENT - CHECK YOUR ELIGEBILITY
Eligibility criteria
To be eligible for a UK Innovator Founder Visa, you must meet the following criteria:
Application process
To apply for a UK Innovator Founder Visa, you must first find an approved endorsing body and get your business idea supported. Once your business idea has been supported, you can start the visa application process. The application process is as follows:
Complete the online form and pay the application fee.
Gather the required documentation.
Submit your application to the UK Visas and Immigration (UKVI) office in your country of residence.
Attend an interview at the UKVI office.
Processing time
The processing time for a UK Innovator Founder Visa application is typically three weeks. However, the processing time can be longer if there are any problems with your application.
Cost
The application fee for a UK Innovator Founder Visa is £2,448. There are also additional fees for things like biometrics and priority processing.
Benefits of a UK Innovator Founder Visa
Holders of a UK Innovator Founder Visa can:
Live and work in the UK (United Kingdom) for up to 3 years
Bring their family members to the UK
You can work outside your business as long as it’s ‘Skilled Work’
Apply permanent residence in the UK after three years if you meet criteria
If you are an overseas candidate looking to establish an innovative business in the UK, the UK Innovator Founder Visa may be a good option. To learn more about the visa, please visit the UKVI website.
Advantages of the UK Innovator Founder Visa
The UK Innovator Founder Visa offers several advantages over its predecessors, including:
A lower minimum investment requirement
No requirement to have a job offer before applying
Ability to take secondary employment
There is no-limit on the number of visas issued yearly
These advantages make the UK Innovator Founder Visa a more attractive option for entrepreneurs looking to start a business in the UK.