UK innovator visa Archives - ICS Legal Blog

Contact Us: + 44 0207 237 3388

Latest UK & International Legal News

UK Innovator visa

UK innovator visa is a UK visa category usually for entrepreneurs who wish to run a company in the United Kingdom. You need to invest in a new business idea meaning you are not allowed to join or invest into an already established business. You are eligible for this visa if You want to set a business in the UK You are not a national of European economic area and Switzerland Your business or business idea must be endorsed by an approved body You must have at least £50,000 in investment funds if you want to set up a new business. However, you do not require funds if your business is already established and has been endorsed for an earlier visa. Other requirements Aside from important business experience and instruction entrepreneurs must meet the following criteria: You must be at least 18 years of age You must have a valid business plan You must have the ability to support yourself without claiming public funds Your knowledge of English level should be at level B2 You must be a good health You should not make any criminal offence How long it takes to apply for an innovator visa The earliest you...

UK innovator visa processing time

You can apply for UK innovator visa if You aspire to set up or run a business to the UK You are from outside the European Economic Area and Switzerland You meet the eligibility requirements You must have been at least £50,000 in investment funds if you aspire to run a new business. However, if your business is already established you do not require funds. The earliest you can apply is 3 months before you travel. You should get your decision on your visa within 3 weeks when you apply from outside the UK. You can stay three years if you come to the UK on an innovator visa or switch to this visa from another visa. Eligibility You require having your business idea assessed by an approved body. If your business is viable they will provide you an endorsement letter. You must also Meet the English language requirement Be at least 18 years old You must be able to prove that you have enough personal savings to support yourself while residing in the UK Knowledge of English You may require providing your English language requirement while applying. However, you can prove your knowledge of English by either passing an...