UK Invenntor visa - Smart visa

UK Innovator Visa - How to Apply and Get Indefinite Leave to Remain in 2020

What is UK Innovator Visa?

The UK Innovator Visa was created for experienced professionals looking to expand their business acumen to the UK. 

Applicants can establish their own business, or invest in an existing UK-based business, including innovative startups slated for expansive growth. 

You can apply for an Innovator Visa if: 

  • 1. You want to set up or run a business in the UK. This business or idea must be endorsed by an approved body.*
  • 2. You live outside the European Economic Area and Switzerland
  • 3. You are at least 18 years old, have sufficient personal savings, and speak the Engish. 
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UK-entrepreneur-visa

Additional criteria and details:


  • Applicants must invest a minimum of £50,000 or more in their designated business. 

  • The source of capital can be the applicant’s own funds or funding from an outside source. 

  • Innovators must work entirely on developing their business ventures and may not take on other employment. This includes anything that effectively amounts to employment such as using their own business to hire out their labour to another employer.

  • Approved candidates can reside in the UK for 3 years at a time and bring their family members (spouses, partners and children under 18) to the UK.

  • After the initial 3 years, Innovators can apply to extend their stay for an additional 3 years or to settle permanently in the UK under indefinite leave to remain (ILR).  Both options require endorsement from an endorsing body.


 

View of Canary Wharf from the distance-1

What is the role of the endorsing body?


*Endorsing bodies include business incubators, accelerators and development organizations that support entrepreneurs in getting their business up and running. Each endorsing body has its own criteria, but the general requirements used to assess an applicant’s business idea are: 

  •                 Innovation: The applicant has an original business plan that meets new or existing market needs and/or creates a competitive advantage.
  •                 Viability: The applicant has the necessary skills, knowledge, experience and qualifications to run the business successfully.
  •                 Scalability: There is evidence of structured planning and of potential for job creation and growth into national and international markets.  

Once approved, the endorsing body will issue an endorsement letter that the applicant will use to support their visa application.

The applicant will touch base with the business founders at 6, 12 and 24 months to ensure satisfactory progress and issue further endorsements for extension and settlement applications.

Investment Sums for the UK Innovator Visa 

Even though the required minimum investment for the Innovator Visa is £50,000, our experience demonstrates that an investment of £100k - £200k is often more successful.

This level of investment opens the door to partnering with credible and promising startups in the UK that have significantly higher chances of expansion and success.

The businesses we work with are all pre-endorsed by a government-authorized endorsing body because they are innovative, viable and scalable. This is determined by stringent criteria and very few businesses make the cut. Pre-endorsement makes the application process faster.

Innovator Visa Application Process

  1. Completion of application documents, business plan and due-diligence
  2. Presentation to endorsing body to receive the pre-endorsement letter
  3. Match investor to a UK business and agree on investment terms
  4. Complete endorsing process and issue a complete endorsing letter
  5. Guide investor through Home Office immigration process
  6. Arrange investment into UK Company
  7. Manage investment for 3 years 
  8. Endorsing body reviews project 6, 12, and 24 months as required by UK Home Office 

 


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How to get indefinite leave to remain

How We Can Help You Successfully Navigate The Innovator Visa?

 

We provide extensive support for our clients throughout the entire investment process. 

This includes:

  1. Creating business plans required by the endorsing body/Home Office
  2. Completing the  application forms
  3. Applying to the designated endorsing body
  4. Confirmation of receipt of successful endorsing application
  5. Submitting the endorsing body letter to the UK Home Office
  6. Applying for the Innovator Visa with the UK Home Office
  7. Training in preparation for Home Office interview (if required)
  8. Handling all arrangements to complete the investment between the investor and UK business 
  9. Providing support post-investment when required 

UK innovator Visa Application

Why Choose Us?

  1. We have relationships with a wide range of UK companies/startups who require investment
  2. We have access to reputable UK-based endorsing bodies
  3. We offer a complete business support package
  4. We have extensive knowledge and experience in the UK SME market
  5. We can assist in the growth of businesses across the UK and internationally
  6. Proven success record of both SME support and delivering high-quality FDI projects
  7. Experienced management team to successfully manage your investments


Next Steps

If you are interested in learning more about the UK Innovator Visa, please contact us to schedule a free consultation. We’re happy to answer any questions and help you determine if the Innovator Visa is right for you. 


FAQs

A: The UK Innovator Visa was created for experienced professionals looking to expand their business acumen to the UK.  Applicants can establish their own business, or invest in an existing UK-based business, including innovative startups slated for expansive growth. 

A: If you are coming to the UK for more than 6 months and are resident in any of the countries here, you will have to undergo tuberculosis (TB) test. If you do not have tuberculosis you will be given a certificate that is valid for 6 months. You should include the certificate with your visa application.

A: Yes, the UK recognize triple citizenship. You can hold triple citizenship as a UK citizen as long as the other countries also recognize it.

 vicky-page-author

Vicky Katsarova, CEO

“My world travels and my own immigration experiences have given me a deep understanding and clear insight into each of our clients’ specific requirements, aspirations and concerns. It is this intense personal association with client expectations and needs that helps to set our company and our service apart.”

Modern buildings in London, Canary Wharf

If you are interested in learning more about the UK Innovator Visa, please contact us to schedule a free consultation. We’re happy to answer any questions and help you determine if the Innovator Visa is right for you. 

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