The Innovator Visa UK 2020 has been touted to replace the much prestigious Entrepreneur Visa under Tier-1. As the Entrepreneur Visa was placed under the category of Tier-1, the application has been extended to 5th April 2023, whereas the settlement applications are open till 5th April 2025, given the previously eligible immigrants an opportunity to opt for the Innovator Visa instead.
The new statement of change has outlined the eligibility criteria for the endorsement category. These can also be considered as your 3 main requirements to be eligible for a UK innovator visa.
There has to be genuine proof of a business plan that would suffice the needs of the market either new or already existing and fosters a spirit of healthy competitive advantage.
The applicants must be well aware of the present market scenarios and have to assure that he has the viable skills to be able to benefit the market in the best possible way.
The applicants must demonstrate further evidence of structured planning and the potential for the creation of employment.
Though the above mentioned seem to be generic ideation of the whole concept of the Innovator visa, the below is a list of other important points to be kept in mind while applying for the Innovator visa:
Learn more about Innovator Visa UK guidance 2020.
The Innovator Visa is estimated to expand and welcome a new cesspool of talent which is not limited and would drive the economy in terms of employment opportunities.
Should you be interested in entrepreneurial ventures in the United Kingdom, you need a partner you can trust when it comes to the legal immigration aspects of the plan, which believe it not, can cause serious hurdles in your business paths should you not take the right precautions.
Our associates at The SmartMove2UK (a unit of SmartMove Immigration) have had extensive experience in the Tier 1 Entrepreneur Visa routes as well as other business Visas to the UK, making our Solicitor-led team more than ready to help applicants adapt their profiles to fit the new visa routes. Namely, The Innovator Visa, as described in this article, and the Startup Visa UK.
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