UK Innovator Visa

What is Innovator visa UK?
 

The Innovator visa is for individuals seeking to set up a business in the United Kingdom based on an innovative, viable, and scalable business idea. Tier 1 (Entrepreneur) visa category closed for new applicants on March 29, 2019 and has been replaced by the Innovator visa and the Start-Up visa.

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What can I do in the UK on my Innovator visa?

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With an Innovator visa UK, you can - 

• Set up business or businesses, 

• Work for your business (such as, being employed as a Director), 

• Bring your dependents, 

• Travel overseas and return to the UK, and

• Apply for permanent settlement in the UK.

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Who can apply for a UK Innovator visa?

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Those intending to set up or start a business in the UK can apply for either Innovator visa UK or Start-Up visa for the UK. You can no longer apply for a UK Entrepreneur visa.

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How long can I stay in the UK on an innovator visa?

You can stay in the UK for three years if - 

• Coming to the UK on an Innovator visa, or

• Switching over to this visa category from another visa from within the UK.

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What documents are required to apply for UK Innovator visa?

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An Endorsement Letter will be needed to apply to the UK Innovator visa category. 

Generally, the following documents will be needed for application submission - 

• A valid passport (with at least one page remaining),

• Proof of meeting the English language requirement, 

• Evidence of GBP 50,000 investment funds (if setting up a new business), 

• Bank statements showing a minimum of GBP 1,270 in your bank account for 28 continuous days before applying. 

Additional documents might be asked for, based on the individual circumstances of the applicants.