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Innovator Founder Visa
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Innovator Founder Visa: Overview

  • The Innovator Founder Visa is your pathway to bring your visionary venture to life in the United Kingdom. It represents an exciting opportunity for entrepreneurs and business founders looking to establish and grow innovative businesses in the United Kingdom. This visa category is centred around supporting individuals with entrepreneurial aspirations and a commitment to bringing their innovative business ideas to life within the UK.

  • One of the key aspects of this visa is the requirement for applicants to secure an endorsement from an approved endorsing body. This endorsement evaluates the uniqueness and potential success of the business idea, ensuring that it aligns with the visa's entrepreneurial focus. While there is no specific capital investment requirement, the business concept should be viable and have the potential for growth.

  • The initial Innovator Founder Visa is typically granted for two years, during which entrepreneurs have the opportunity to establish and develop their businesses. Importantly, this visa route does not necessitate a job offer from a UK employer, making it an attractive choice for those looking to build their businesses independently. Successful visa holders may also explore pathways to settlement in the UK, depending on their business's success and growth.

  • Overall, the Innovator Founder Visa encourages innovation and economic growth by attracting entrepreneurial talent and fostering business development within the UK's vibrant business landscape. It empowers individuals with visionary business ideas to turn them into thriving ventures while contributing to the country's entrepreneurial ecosystem.

Eligibility for the UK Innovator Founder Visa: Can You Qualify?

  • To be eligible for this visa, applicants must obtain an endorsement from a Home Office-approved endorsing body. This endorsement is a crucial step as it evaluates the feasibility and innovation of the business idea, as well as the applicant’s potential to successfully execute the plan. The business idea itself must be innovative and distinct from existing businesses in the UK, demonstrating the potential for growth and contributing to the country’s economy.
  • Financial requirements are also essential. While there is no fixed minimum investment amount, applicants must possess adequate funding to establish and sustain their business operations in the UK, which is instrumental in demonstrating the viability of their business plan. Demonstrating English language proficiency is typically required, either through a Home Office-approved language test or an academic qualification conducted in English. Additionally, applicants should have sufficient personal savings or funds to support themselves and any dependents during their stay in the UK. A comprehensive business plan outlining the innovative nature of the business, its goals, market research, financial projections, and growth plans is a fundamental component of the application.
  • Overall, the Innovator Founder Visa is designed to attract entrepreneurs with ground-breaking ideas and the ambition to thrive in the UK’s entrepreneurial ecosystem. It encourages economic growth, innovation, and job creation while offering individuals the opportunity to turn their innovative business concepts into successful ventures in the UK.
  • Above are most common and generic requirements. It’s important to note that specific requirements can vary based on individual circumstances. If you wish to obtain your case specific professional advice and expert guidance tailored to your situation from our qualified team of immigration advisors, then do not hesitate to Contact us.

     

To obtain professional, most up-to-date, and accurate advice on your ‘Innovator Founder’ visa requirement you can contact our experienced, and accredited team of immigration consultants on 020 3911 1115 or send us your query using this form or email us on ukvisa@agclservices.com or request a call back by providing your contact details here and we will get back to you asap.

What Documents Do You Need for a UK Innovator Founder Visa Application?

  • Securing an Innovator Founder Visa in the UK requires submitting various crucial documents to support your application. These documents verify your identity, language proficiency, business viability, financial stability, and good character.
  • To establish your identity and language skills, you’ll need a valid passport and proof of passing an English language test. Business credentials involve an endorsement letter from an approved body, a comprehensive business plan, and evidence of sufficient financial investment. Additionally, you might need to submit a tuberculosis test result and a criminal record certificate depending on your nationality.
  • Finally, demonstrating financial sustainability requires providing bank statements showcasing enough personal savings to support yourself initially in the UK. Depending on your circumstances, you might also need to show additional financial support through sponsorships or other means. By ensuring you have all these documents in order and meet the visa requirements, you can significantly improve your chances of a successful application. Remember, consulting with immigration professionals for personalized guidance is always recommended.
  • The aforementioned documents encompass both generic and mandatory requirements. Additionally, you may be required to furnish supplementary documentation related to your prior UK immigration history, employment record, family relationships, financial sponsorship, professional registration, business records, custody/access rights, and more. It is paramount to ensure that all submitted documents, whether mandatory or supplementary, adhere to the requisite standards, furnish the necessary evidence, and provide comprehensive information. This meticulous attention to documentation ensures that Visa Officers can make timely, informed, and accurate decisions regarding your application.

How to Apply for the UK Innovator Founder Visa?

UK Innovator Founder Visa – step by step visa application process

  • The application process for the ‘UK Innovator Founder Visa’ begins with obtaining an endorsement from an approved endorsing body in the UK, which assesses the viability and innovation of your business idea. After securing the endorsement, you need to gather all the required documents, including your endorsement letter, business plan, proof of funds, and passport. The next step involves preparing and submitting your visa application and paying the application fee. You may also need to attend a biometric appointment at a Visa Application Centre (VAC) and, in some cases, attend an interview at a UK Visa and Citizenship Application Services (UKVCAS) centre. It’s important that you complete all these process within required timeline guidance.

Streamline Your Innovator Founder Visa Journey with AGCL Immigration Services

  • Obtaining an Innovator Founder Visa can be a complex and daunting task. However, with the expert guidance of AGCL Immigration Services, you can navigate the process with confidence and clarity. Our dedicated team of immigration visa experts possesses a deep understanding of the intricacies involved in this specific visa category.
  • We offer comprehensive support throughout your entire application journey, from meticulously preparing all necessary documents to ensuring your online application adheres to the strict standards set by the UK Home Office. We handle every step, including online submission and identity verification, so you can focus on your innovative business venture.
  • By partnering with AGCL Immigration Services, you gain the invaluable guidance of experienced advisors who will meticulously handle your paperwork, ensuring its accuracy and completeness. This not only simplifies the process but also significantly increases your chances of a successful visa application. Let us help you turn your entrepreneurial vision into reality in the UK.

UK Innovator Founder Visa: How Long Does Processing Take?

Visa applications made from outside the UK

  • The UK Home Office aims to process Innovator Founder visas within 3 weeks for applications made from outside the UK. If you are applying for an Innovator Founder visa from outside the UK, you should submit your application at least 6 weeks before you plan to travel to the UK.

Visa applications made within the UK

  • It could take up to 8 weeks to process your application and make decision if your application is made from inside the UK. If you are applying from inside the UK, you should submit your application at least 8 weeks before your current visa expires.
  • However, it is important to note that processing times can vary depending on several factors, such as the complexity of the application and the number of applications being processed.

Tips to help you reduce the processing time of your Innovator Founder visa application:

  • Make sure that your application is complete and accurate.
  • Provide all the supporting documentation that is required.
  • Pay the correct visa application fee.
  • Respond to any requests from the UK Home Office promptly.

Understanding the Duration of Stay with a UK Innovator Founder Visa

  • The UK Innovator Founder visa is issued for a period of 3 years. It is possible to extend the visa for another 3 years, subject to being re-endorsed each time. There is no limit on the number of times the visa can be extended.
  • Once you have held the Innovator Founder visa for 3 years, you may be eligible to apply for indefinite leave to remain (ILR), also known as settlement. To be eligible for ILR, you must have:
    • Continued to meet the eligibility criteria for the Innovator Founder visa.
    • Met the residency requirement of living in the UK for 3 years under the Innovator Founder visa category.
    • Paid all your immigration fees.
  • If your ILR application is successful, you will be granted the right to live and work in the UK permanently

How Much Does an Innovator Founder Visa Fee Cost in the UK?

Standard Visa Application Fees for Innovator Founder Visa

  • The visa application fee charged by UK Home office for the UK Innovator Founder Visa is
    • £1,191 for applications made from outside the UK and
    • £1,486 for applications made from inside the UK.
    • £1,000 (ex. VAT) you will need to pay as an endorsement fee to the relevant endorsing body.

IHS – Immigration Health Surcharge

  • Immigration Health Surcharge (IHS): The IHS is a charge that is paid by all overseas visitors to the UK who plan to stay for longer than 6 months. The IHS is used to fund the National Health Service (NHS). The specific amount for the IHS fee depends on the length of your child’s visa and can be calculated on the government’s official website.

Other charges may be applicable for Skilled Worker Visa application

  • Biometric fee: The biometric fee is a charge that is paid by all visa applicants who need to give their fingerprints and a photograph. The biometric fee is £19.23.
  • Priority and Super Priority Visa Services: The UK Home Office offers two priority visa services: Priority Visa Service and Super Priority Visa Service. Please note that these fees are in addition to the standard visa application fee.
  • Priority Visa Service: The Priority Visa Service allows you to get a decision on your visa application within 5 working days. The cost of the Priority Visa Service is £500.
  • Super Priority Visa Service: The Super Priority Visa Service allows you to get a decision on your visa application within 1 working day. The cost of the Super Priority Visa Service is £1,000.
  • If you are applying for the Priority service, you will need to attend a visa application centre in person on the same day that you submit your online application to have your fingerprints and photo taken.
  • The Priority and Super Priority services are designed to speed up the visa application process. However, it is important to note that there is no guarantee that your application will be processed within the specified timeframe.
  • In addition to the above fees, you may also need to pay for additional services, such as:
    • English language test fees
    • Tuberculosis test fees
    • Medical certificate fees
    • Police clearance certificate fees.

Please note that all fees and charges are subject to change. For the most up-to-date information, please visit the UK government website

UK Innovator Founder Visa: Your Questions Answered

With ‘Innovator founder visa’ what type of activities you can and you can’t while your stay in the UK?

You can:

  • Set up and run one or more businesses in the UK.
  • Work for your business or businesses.
  • Join an existing business as a co-founder.
  • Work as a director or employee of your business.
  • Take on additional employment outside of your business or businesses, as long as it is skilled work.
  • Bring your partner and any dependent children under the age of 18 to the UK.

You cannot:

  • Work for someone else’s business, unless it is a business that you have ownership of.
  • Receive public funds, such as benefits or tax credits.

What is Indefinite Leave to Remain (ILR) for Innovator Founders and Innovators?

If you hold an Innovator Founder visa or an Innovator visa, you may be eligible to apply for Indefinite Leave to Remain (ILR), also known as settlement. The Innovator Founder visa has replaced the Innovator visa, but both visa holders can apply for ILR if they meet the necessary requirements. Achieving ILR allows you to live, work, and study in the UK indefinitely and provides eligibility for public benefits and British citizenship.

Eligibility Criteria for ILR

  • To qualify for ILR, you must have resided in the UK for at least three years on an Innovator Founder or Innovator visa. This period must be continuous, with no more than 180 days spent outside the UK in any 12 months. Additionally, you must obtain a new endorsement demonstrating that you have met the business growth requirements.

How to Meet Continuous Residence Requirements?

  • Continuous residence is crucial for ILR eligibility. You must prove that you have spent no more than 180 days outside the UK in any 12-month period during your three-year qualifying period. This ensures that your residency is considered continuous and uninterrupted.

Understanding the Life in the UK Test

  • Applicants between the ages of 18 and 64 must pass the Life in the UK Test to demonstrate their knowledge of British culture, laws, and history. This requirement ensures that applicants are well-integrated into UK society.

When Should You Apply for ILR?

  • The earliest you can apply for ILR is 28 days before completing the required three-year residency period. Applying too early may result in your application being refused. Additionally, you must ensure that your current visa does not expire before you apply for ILR. If it does, you will need to renew it before submitting your ILR application.

Fees and Processing Times for ILR Applications

  • The fee for an ILR application is £2,885 per person. Eligible family members, including partners and children, can be included in the same application. Typically, decisions are made within six months using the standard service. For faster processing, you can opt for the priority service, which costs an additional £500 and provides a decision within five working days, or the super priority service, costing an extra £1,000, which offers a decision by the end of the next working day after submitting your biometric information.

How to Obtain an Endorsement for ILR?

  • Before applying for ILR, you must demonstrate that you have successfully grown your business. This involves obtaining an endorsement from an approved body, which confirms your business achievements. Once you receive this endorsement letter, you must apply for ILR within three months. You do not need to use the same body that endorsed your initial visa application.

Essential Endorsement Criteria for Innovator Founder and Innovator Visa Holders

  • To qualify for an endorsement, you must actively manage and develop your business, holding a key role within the company. Your business needs to be registered with Companies House, where you must be listed as either a director or a member. The business should be actively trading and projected to continue operations for at least the next 12 months. Additionally, the business must meet at least two specific criteria: securing an investment of £50,000 for business development, doubling its customer base in the last three years surpassing the average growth for similar businesses, applying for intellectual property protection in the UK, achieving a revenue of £1 million in the last full year of accounts, generating a revenue of £500,000 in the last full year with at least £100,000 from exports, creating the equivalent of ten full-time jobs that have lasted for at least 12 months, or creating the equivalent of five full-time jobs lasting at least 12 months with an average salary of £25,000 per year.

Including Family Members in Your ILR Application

  • Your partner and children can be included in your ILR application if they meet the eligibility criteria. Your partner must have lived in the UK with you as a dependent for at least five continuous years, have a genuine relationship with you, and pass the Life in the UK Test and meet English language requirements. Children can be included if they are dependent on you, not married or in a civil partnership, and live with you without relying on public funds. Additional documentation is required for children over 16 to prove their residence and financial support.

Benefits of Approved ILR Applications

  • Upon approval of your ILR application, you gain several privileges. You can work and run a business without restrictions, pursue further education, and access public services like healthcare and education. You also become eligible to apply for public funds, including benefits and pensions. After a minimum of 12 months following your settlement, you can apply for British citizenship, provided you have lived in the UK for at least five years.

How to Get a Decision on Your ILR Application?

  • Standard ILR applications typically receive a decision within six months. However, if you opt for the priority or super priority services, you can receive a decision within five working days or two working days, respectively, for an additional fee.

Contact Our Team of Experts

To obtain professional, most up-to-date, and accurate advice on your visa requirement please contact our experienced, and accredited team of immigration consultants on 020 3911 1115 or send us your query using this form or email us or request a call back.

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