What is a Innovator Founder Visa?
The Innovator Founder Visa is granted for two years and does not imply the option of applying for permanent residency in the future. However, if the business develops successfully, there is an opportunity to apply for the Innovator Visa, which opens broader prospects for the visa holder, both in terms of business operations and obtaining British citizenship.
Our service
The Innovator Founder Visa is granted for two years and does not imply the
option of applying for permanent residency in the future. However, if the business
develops successfully, there is an opportunity to apply for the Innovator Visa, which
opens broader prospects for the visa holder, both in terms of business operations and
obtaining British citizenship.
We offer "full support" in this matter, increasing the chances of success in your
application. Our services cover all stages of the visa application process.
Features of the Innovator Founder visa in the UK
The British authorities are ready to support young individuals who
have innovative ideas and developments but lack the financial means to implement them.
Therefore, the UK Innovator Founder visa does not require a mandatory minimum capital investment.
There are also no restrictions on the fields of activity - innovations are welcomed not
only in industries or the economy but also in intangible projects that will bring
societal benefits.
To establish their own business, applicants must obtain endorsement from a specially
accredited organization that evaluates business projects submitted by foreign candidates
and provides their verdict on the project's benefit to the country. This is the main
requirement for obtaining the Innovator Founder visa.
Other conditions
Among other conditions when applying for the Innovator Founder visa in the UK, it is required that the business being opened in the United Kingdom is the applicant's first venture, and they have not engaged in any business activities in their home country or any other country prior to this.
How much does the Innovator Founder Visa cost?
The application fee ranges
£1191
Immigration medical fee
£1035
Payment for UKVS services
€2000-4000
Documents Required for obtaining a Innovator Founder Visa
Requirements
To obtain a Innovator Founder Visa in the United Kingdom, it is necessary to obtain an endorsement letter from an accredited organization specializing in this field. Each of these organizations has its own rules, and some of them require the entrepreneur to first join their business programs before experts begin discussing the endorsement application. When considering business start-ups, preference is given to high-tech projects, especially in the fintech, medical, and cybersecurity sectors.
- Sufficient funds for maintenance - on your personal bank account, there must be at least £1,270 for 28 days prior to submitting the visa application. If your spouse and children are accompanying you to the UK, this amount will be increased.
- English language proficiency at the B2 level according to the European classification - it can be proven by taking a specific test or by providing a document indicating the completion of studies in the UK. Citizens of certain English-speaking countries and former UK colonies automatically meet the language requirements.
- Negative tuberculosis test (for citizens of certain countries).
- No criminal convictions.
- Innovation. The business plan must demonstrate an innovative approach, advantages, and benefits compared to similar developments by competitors.
- Viability. The candidate must possess specific skills and abilities in the declared business field, as well as a willingness to self-development.
- Scalability. The business should aim for expansion and the creation of new jobs, have potential for development in the national market, and prospects for entering global economic platforms.
The point system
When approving the Innovator Founder Visa application in the UK, the immigration agency takes into account the number of points earned by the candidate. The applicant must earn a total of 70 points.
Obtaining business project endorsement
A letter of endorsement issued by an authorized organization to the applicant for the Innovator Founder visa in the UK contains the following information:
Contact details of an employee (address, telephone, email) of the endorsing organization who can confirm the issuance of the endorsement to the Home Office employee
The registration number of the endorsement letter;
The date of issuance of the endorsement document;
Personal details of the candidate, including citizenship and passport information;
Evidence that the applicant is starting entrepreneurial activities in the UK for the first time;
An overview of the business project;
The full name of the assessing organization
