Know about the requirements and benefits of UK Innovator Visa
What is UK Innovator Visa?
As suggested by the name, this visa category aims to facilitate innovators, in any given industry, establish a business within the UK – which is usually something that’s different from anything on the market.
The business or business idea must be endorsed by an endorsing body that’s on the house Office list and therefore the applicants must meet other eligibility criteria.
There are often quite one innovator during a team and everybody are often eligible to use for this visa.
The business or business idea must be innovative, scalable and viable.
This visa offers pathway to accelerated settlement within 3 years (normally 5 years).
Applicants are often joined by their dependents (spouse and youngsters below the age of 18 years)
In order to understand the Innovator Visa properly and assist you make a right decision, you would like to know the following:
- What are the advantages of getting an Innovator Visa UK?
- What are the eligibility requirements for UK Innovator Visa?
- What are the documents required for UK Innovator Visa while applying?
- What are the Knowledge of English Requirement for UK Innovator Visa?
- Other requirements of Innovator Visa UK
- How to apply for an Innovator Visa UK?
- How to apply for an Innovator Visa UK from outside the UK?
- How to join an existing business as an Innovator visa UK holder?
- How much an investment are required for an Innovator visa UK?
- How to Prove your identity for UK Innovator Visa?
- Tier 1 Entrepreneur Visa is now an Innovator Visa UK?
- UK Innovator Visa is it good option as UK citizenship by investment?
- What is the united kingdom Innovator Visa endorsement?
- How to bring your partner & children with you as your ‘dependants’ on an Innovator Visa UK?
- How long you’ll stay Innovator visa UK?
- How to extend UK Innovator Visa?
- How to apply for Indefinite Leave to stay (ILR) under the united kingdom Innovator Visa route?
- How to apply to modify to an Innovator visa UK?
- UK Innovator Visa refused, what to try to to next?
- UK Innovator Visa Consultant
- Contact UK Innovator Visa Consultant
What are the advantages of getting an Innovator Visa UK?
UK Innovator visa may be a great option for obtaining UK citizenship if you’ve got a singular innovative business or business concept is innovative, viable and scalable. Key benefits include:
- Less investment
- Pathway to accelerated settlement
- Opportunity to line up and grow business with support from endorsing body
- Can have quite 2 members in innovator entrepreneurial team
- Quick time interval
- Allows dependents to hitch main applicant
What are the eligibility requirements for UK Innovator Visa?
To be eligible to use for UK Innovator visa the applicant will:
- Require endorsement of the business or business idea from an endorsing body on headquarters list
- Have £ 50,000 to take a position within the business
- Meet English academic requirement
- Have sufficient funds to satisfy the upkeep fund requirement
Know more about: Innovator Visa UK Endorsing Bodies
What are the documents required for UK Innovator Visa while applying?
Typically applicants applying for this visa would require to supply documents evidencing:
- Valid passport confirming the applicants identity and nationality.
- Endorsement letter from endorsing body from headquarters list
- Meeting English requirement
- Availability of investment
- Meeting maintenance funds requirement e.g. statement
- TB test result (where this is often a requirement)
Additional documents could also be required counting on the precise circumstances.
What are the ‘Knowledge of English Requirement’ for UK Innovator Visa?
Applicants who are required to satisfy English academic requirement must prove that they will read, write, speak and understand English to A level B2 on the Common European Framework of Reference for Languages (CEFR) scale. This requirement are often met by:
- passing Secure English Test (SELT) from an approved provider
- have a tutorial qualification from the united kingdom e.g. Bachelor degree or higher
- have studied in UK school below the age of 18 for GCSE, A level, Scottish National Qualification level 4 or 5, Scottish Higher or Advanced Higher in English
- having a degree-level academic qualification that was taught in English from outside UK and have confirmation through UK NARIC that the qualification is like a UK bachelor’s degree, master’s degree or PhD
Other requirements of Innovator Visa UK
Despite this being a reasonably new category of visa, we’ve studied the entire requirements, the essential of which are that:
- The founder/innovator applying under this category be from outside the EEA and Switzerland (the purpose must be to line up a business within the UK)
- The founder/innovator meets the opposite eligibility requirements as specified for this category.
You may even be ready to form an innovator team with other innovators but this is able to not allow sharing of investment . this suggests that, each innovator of the said team is to possess access to £50,000.
Applying for a UK visa under the Innovator category may be a two stage process.
- Obtaining an endorsement from ‘Endorsing bodies’
- Applying for entry clearance as an innovator
How to apply for an Innovator Visa UK?
An applicant would require an endorsement from the house Office authorised endorsing body. Once the applicant is granted an endorsement letter he can thereafter apply for entry clearance application.
How to apply for an Innovator Visa UK from outside the UK?
The applicant would be required to finish a web form post receiving an endorsement letter from authorized endorsing body and submit an equivalent at the local VFS centre along side their biometrics and supporting documents.
How to join an existing business as an Innovator visa UK holder?
An applicant can establish a replacement business within the UK. An innovative visa holder cannot join any existing business within the UK and actually would require his own business idea to line up his own venture within the UK.
How much an investment are required for an Innovator visa UK?
Applicants would require a minimum of £ 50,000 to take a position within the business additionally to the upkeep funds. Applicants got to show £1,270 in savings in their checking account for 28 consecutive days before applying for the visa. there’s additional maintenance funds for dependents.
How to Prove your identity for UK Innovator Visa?
Applicants would require a legitimate Passport to verify their identity and nationality.
UK Innovator visa is a great option for obtaining UK citizenship if you have a unique innovative business or business idea that is innovative, viable and scalable. Our UK Innovator Visa Consultants are based in India. If you want to know more about this visa category or need assistance in your UK Visa application, you can call us on +91 98191 27002 or email us at info@smi.legal
