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Innovator Founder Visa
The Innovator Founder Visa is designed for experienced businesspersons seeking to establish or run a business in the UK. This visa is crucial for fostering innovation and entrepreneurship, contributing significantly to the UK’s economy. Immigration Solicitors UK recommends utilizing their expert services to navigate the Innovator Founder Visa application process, ensuring a smooth and successful journey.
Key Features of the Innovator Founder Visa
- Innovative Business Idea: Applicants must have a unique and viable business idea endorsed by an approved body.
- Significant Investment: Typically requires a minimum investment of £50,000 into the business.
- Endorsement Requirement: Must be endorsed by an approved endorsing body that assesses the business idea.
- Pathway to Settlement: Offers a route to settlement in the UK after 3 years of continuous residence.
- No Limit on Shareholding: Unlike the Start-up Visa, there's no restriction on the amount of shareholding.
- Collaborative Applications: Allows for team applications, provided each member meets the eligibility criteria.
- Business Experience: Requires a strong business background and experience to qualify.
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Need A Consultation ? Call us today +442080162308 or email us : info@immigrationsolicitorsuk.co.uk
Requirements for the Innovator Founder Visa
To qualify for the Innovator Founder Visa, applicants must meet several specific requirements set by the Home Office, focusing on innovation, viability, and scalability of the business idea.
Requirements:
- Endorsed Business Idea: Must have a business idea endorsed by an approved endorsing body.
- Investment Funds: Typically requires at least £50,000 in investment funds.
- Viable Business Plan: Present a business plan that demonstrates the business’s innovation, viability, and scalability.
- English Language Proficiency: Prove proficiency in English at the B2 level on the CEFR scale.
- Maintenance Funds: Show evidence of sufficient personal savings to support yourself in the UK.
- Residency and Intentions: Must intend to reside in the UK and actively run the business.
- Clean Immigration History: No history of immigration violations or criminal convictions.
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