The Innovator visa path is designed for seasoned business owners who want to launch or manage a company in the UK. For this path, applicants must present a unique, workable, and scalable company concept that has the backing of an endorsing organization. With a few exceptions, candidates should be able to spend at least £50,000 in their company. The first 3-year visa is extendable for an additional 3-year period. After their initial arrival into the United Kingdom, immigrants would be eligible for citizenship after 6 years and for permanent residency, also known as Indefinite Leave to Remain, after 3 years
Application for Innovation Visa
A form of visa called the Innovator visa is available to people who want to launch and operate new businesses in the UK. To be eligible to apply for an innovator visa, you must fulfill the following criteria:
- At least 18 years of age is required.
- You need a real company concept that is fresh, inventive, and workable.
- To start and operate your business in the UK, you must have the necessary abilities, expertise, and experience.
- To assist your firm, you must have access to at least £50,000 in funding. This money can come from a number of places, such as your own savings, a third party’s investment, or a grant from the government or another institution.
- You must be able to show proof that you can speak English fluently.
- While you are in the UK, you must have enough cash to maintain yourself and any dependents.
You must submit an online application form along with supporting documentation, such as identification proof, proof of your company idea and plan, proof of funding, and proof of your proficiency in English, in order to be considered for an innovator visa. A visa fee is additionally due.
If your application is approved, you will be given a visa that is valid for the first three years and four months. If your business is still operating and you have met the requirements for the Innovator visa after this time, you can request to extend your visa for an additional 2 years.
How to use
In order to apply for an innovator visa, you must take the following actions:
- Make sure you are eligible for the Innovator visa by checking the requirements. You must be at least 18 years old, have a real, viable business idea, be equipped with the knowledge and experience necessary to launch and manage a company in the UK, and have access to at least £50,000 in funding. Additionally, you must possess the necessary English language skills and financial resources to sustain yourself and any dependents while you are in the UK.
- Get your supporting documentation ready. You will need to show documentation of your identification, your business idea and plan, your funding, and your proficiency in English in order to support your application.
- Fill out the online application. The application form is available on the UK government website. You must include your name, address, and phone number, as well as facts about your business concept and plan, your source of money, and your proficiency in English.
- Make the visa payment. The Innovator visa application fee must be paid. A single candidate must pay £1,021 in addition to an additional £1,021 for each dependent they list on their application.
- Attend the appointment for biometric enrollment. After submitting your application, you must make an appointment for a biometric enrolment so that your fingerprints and picture may be captured. After submitting your application, you will receive more details regarding this appointment.
- Attend to the outcome of your application. A determination regarding your Innovator visa application may take up to 3 weeks. When a choice has been made, you will be informed via email or postal mail.
length of time
An Innovator visa application decision may take up to 3 weeks to be made. The actual processing time may differ from this estimate depending on a range of variables, including the volume of applications being processed and the level of application completion.
In order to give your application enough time to be processed before you need to fly to the UK, it is a good idea to submit it as early as possible. Additionally, you should ensure that you have accurately filled out the application form and supplied all necessary supporting documentation because incomplete applications may take longer to process.
You might be able to ask for your application to be processed more quickly if you need to leave for the UK right away. However, as there is no guarantee that this would happen, you should only ask for expedited processing if you truly need to go right away.
An Innovator Visa application can be made by foreign business owners who are eager to invest in a UK company. Applicants must have at least £50,000 to invest in their business and obtain endorsement from an authorized endorsing entity in order to be eligible.
frequently asked question(FQAs)
Describe the innovator visa.
If you wish to start and operate an innovative business in the UK—one that is distinct from anything else already on the market—you may be eligible for an innovator visa. An authorized body, also known as an endorsing body, has given its support to your company or business proposal. you satisfy the other prerequisites for qualifying.
Can I study in the UK on an innovator visa?
If you have an innovator visa, you may be eligible for indefinite permission to remain. You settle in the UK by obtaining indefinite leave to reside. It grants you the freedom to stay in this country as long as you wish, work here, study here, and, if you qualify, ask for benefits.
What percentage of innovator visas are granted?
What is the success rate for the UK innovator visa? Speaking of the UK innovator visa’s success rate, it is 85%, while the refusal rate is 15%. Between 2019 and 2021, the UK’s immigration authorities received about 502 requests for innovator visas.
How can I develop my innovation?
How to be inventive
- Become more creative yourself.
- Develop your capacity for curiosity and observation.
- Develop a willingness to try new things and a tolerance for complexity and ambiguity.
- Improve your capacity for invention.
Who is the most innovative person?
The 12 Most Important Innovators in History
- The Wright brothers.
- Galileo Galilei.
- Sandford Fleming. Marie Curie.
- Alexander Graham Bell.
- Sandford Fleming. Richard Feynman.
- Benjamin Franklin.
- Leonardo Da Vinci.
- Feynman, one of the greatest scientists of the twentieth century, made significant contributions to the field of quantum theory with his ground-breaking theories.