UK Innovator Visa
What is the UK Innovator Visa?
According to UK immigration policy, the UK Innovator Visa is stated as “a route for more experienced businesspeople looking to establish a business in the UK. Applicants will have an innovative, viable, and scalable business idea which is supported by an endorsing body. With some exceptions, applicants will have funding to invest in their business. This category may lead to settlement in the UK.”
What is the Stay Duration Allotted on UK Innovator Visa?
You can stay in the UK for 3 years on a UK Innovator Visa. If necessary, you may apply to extend your visa for an additional 3 years upon expiration, with no limit on the number of extensions. After completing 3 years on a UK Innovator Visa, you can apply for settlement or permanent residence in the UK.
What is the Eligibility Requirement?
Basic eligibility criteria for UK innovator visa include:
- Applicants must be aged 18 or over.
- The application must be supported by an endorsing body.
- Applicants typically need funds of at least £50,000 to invest in their business and must play a key role in its management and development.
- Applicants must obtain entry clearance on the Innovator route before arriving in the UK.
- If required, applicants must provide a valid medical certificate confirming they do not have active pulmonary tuberculosis.
- Applicants must demonstrate English language ability at level B2 on the Common European Framework of Reference for Languages.
- Applicants must be awarded 70 points, with 50 points from either the new business criteria or the same business criteria, but not both.
What is the Financial Requirement for the UK Innovator Visa?
If you are applying for permission to stay and have been in the UK with permission for 12 months or longer on the date of application, you meet the financial requirement and do not need to show funds. If you have been in the UK for less than 12 months, you must demonstrate sufficient funds of at least £1,270 held for a 28-day period before applying.
What are the Benefits of a UK Innovator Visa?
- Set up one or more businesses and work for your business as a director or self-employed business partner.
- Travel abroad and return to the UK.
- Study and work with some exceptions.
- Bring your dependents, including your spouse and children, who can work freely in the UK and benefit from educational and healthcare facilities.
- Become eligible to apply for permanent residency after completing a specified duration.
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