UK INNOVATOR FOUNDER VISA
Program Overview
The UK Innovator Founder Visa 2024 presents a streamlined pathway for global entrepreneurs to establish and expand their businesses in the UK. This visa category, replacing previous Innovator and Startup visas, offers several advantages, including the elimination of the £50,000 minimum investment requirement. Tailored for both tech and non-tech innovators, this visa classification provides an excellent opportunity in eligibility criteria, obtaining an endorsement letter, crafting a compelling business plan, and achieving permanent residency. This program offers a great way for ambitious entrepreneurs seeking to capitalize on the UK's vibrant business ecosystem.
No Minimum Investment Required
As of April 13, 2023, there is no longer a minimum investment of £50,000 required, offering greater flexibility to applicants
Flexible Investment Options
Choose from a variety of solutions tailored to suit your entrepreneurial goals
Suitable for investors
No minimum investment required
High Investment Security
Gain approval before investment, with government endorsement ensuring only qualified projects are submitted. Investment funds are guaranteed
Enjoy Access to UK Welfare
Access free education for children, NHS medical benefits for the family, and work opportunities in the UK, all while securing immigration status
Accelerated Application Process
Short processing period: Approximately 4-6 months; eligibility for permanent residence after 3 years
Program Requirements
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Demonstrate your business idea is new, innovative, viable, and scalable
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Obtain endorsement from a recognized body confirming your idea meets the criteria
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Language requirement: IELTS score of 5.5
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No minimum investment required
Q&A
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Q: Do Innovator Founder visa applicants still need to have at least £50,000 to invest?
A: No, the requirement for innovators to show that they have access to at least £50,000 to invest into the business plan is no longer a requirement.
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Q: What are the advantages of the UK Innovator Founder Visa?
A: Low start-up capital, minimal loss if visa is not granted, no prior business background required, faster permanent residence acquisition (within 3 years).
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Q: Can family members join the applicant in the UK?
A: Yes, holders of Innovator Founder Visa can bring their spouse/partner and children to live in the UK.
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Q: Do innovator founders still need to stay connected with their endorsing body?
A: Under the Innovator route, Endorsing Bodies were required to contact Innovator applicants at the following checkpoints: 6, 12, and 24 months.
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Q: Do innovator founders still need to meet a financial requirement?
A: Yes, Innovator Founder Visa applicants must show that they have either been in the UK for a period of at least 12 months, or that they have held at least £1,270 for a 28-day period. Applicants applying with dependents are required to show higher levels of funds.
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Q: How can one apply for permanent residence or British citizenship?
A: Applicants must meet residence and work requirements before applying for permanent residence or British citizenship.