UK Innovator Visa is a visa category for non-British residents who are experienced businesspersons, and are looking to establish a business in the United Kingdom. With the innovator visa category already functional, it makes sense that many aspiring entrepreneurs have questions about this route. We hope these Innovator Visa UK FAQs answered by SmartMove2UK’s Immigration consultants in Delhi can be of assistance, and point you in the right direction.
Do I need to have access to 50,000 Pounds?
That depends. The answer is yes if:
– You are applying to enter the UK for the first time from overseas; or
– You already have a Leave to Stay under the Innovator Visa category, and are applying to extend your Leave for the purpose of pursuing a brand new business venture.
The applicant does NOT require access to 50,000 Pounds if:
– The applicant has a Leave to Stay under the Tier 1 Graduate Entrepreneur Visa (NOT the Tier 1 Entrepreneur) or StartUp Visa and is applying to extend their stay under the Innovator Visa category instead; or
– The applicant has an Innovator Visa and is applying for extension on the same.
Do I need to be endorsed by a UK-approved endorsing body?
Yes you will. There are no exceptions to this requirement and your business idea will have to be endorsed as innovative, viable, as well as scalable if I is a new idea.
Can I switch to the Innovator visa category from a Tier 1 Entrepreneur Visa from within the UK?
Yes you can. You can also switch to the Innovator visa from within the UK if you hold one of the folloing categories of UK Visas:
- Tier 1 (Graduate Entrepreneur)
- Tier 2
Can I apply for an innovator visa without professional legal assistance?
There is no law stating you shouldn’t. But I wouldn’t recommend it. The Innovator and StartUP visa applications are more tedious than you might imagined, and they are not handed out as easily as one might think. The acceptance of your application comes down to some skilled evidencing and documentation work, along with the occasional loophole finding should you be facing any complicated circumstances; the kind of work that would require a trained professional.
The SmartMove2UK (a unit of SmartMove Immigration) has with highly experienced immigration attorneys working to provide dedicated visa application work for all types of UK Immigration process. If you require assistance with your innovator Visa, or startup visa, it might be a good idea to attend the SmartMove2UK’s innovator visa talk. You can find the details below:
Choose the right Visa Category to start a business in the UK
This article was collaborated by SmartMove Immigration’s team of immigration advisors. Our team is conducting a talk for entrepreneurs and businesspeople looking for expansion or startup options in the United Kingdom. For a reasonable cost of Rs. 5,900, you get to experience a great talk about how you can use immigration law to your advantage and launch your business ideas in a market away from India.
The talk will be specifically dealing with the United Kingdom, however, if you have any questions regarding migration options for your business/startup in other nations like Malta, Cyprus, USA, Portugal, Australia or Canada, the team conducting this talk will be able to point you in the right direction.
SmartMove Immigration is organizing an interactive session at WeWork Gurugram (Cybercity) on 26th April between 4:30pm to 8pm for people who keen on seeking knowledge about the new Innovator Visa category and wish to settle in the UK.
Think UK Visas and Immigration, Think The SmartMove2UK
Receive regular updates about your UK Visa News, Guidelines, New UK Visa Law and more.