Innovator Visa

Innovator visa is an ideal route for entrepreneurs with a new business idea who wish to start a company in the United Kingdom or experienced businessmen that have been running a business outside the United Kingdom for many years and wish to expand it to the UK.

The Start-up visa is aimed for new entrepreneurs that are willing to set up a business in the UK for the first time. There is no investment required for start-up entrepreneurs, but you must speak good English and your business must prove to be useful to the economy.

The main differences between an Innovator and Start-up visa:

innovator and start up visa

Endorsement:

Both innovators and start-up entrepreneurs must have their business idea endorsed, i.e. approved, by one of the authorised organisations. Innovators must prove that they intend to open a new company or invest in an existing one; either way the business must be scalable. A business idea must be also innovative and viable. The same applies to a Start-up visa. To get approval, you must provide a valid business plan made to the highest British standards.

Requirements for Innovator Visa:

  • You must be able to invest at least £50,000 into a new company. If you submit the application with other entrepreneurs and form a team, each of you must have access to £50,000.
  • You must be at least 18 years of age.
  • Your business idea must be endorsed by an authorised organisation
  • Must provide a valid business plan.
  • Ability to maintain yourself and dependants.
  • Knowledge of English at Level B2.
  • Criminal record certificate(s).

Requirements for Start-up Visa:

  • You must be least 18 years of age
  • You must prove that your business idea or business is viable, innovative and scalable.
  • Your business idea must be endorsed by an authorised organisation
  • Ability to maintain yourself and dependants.
  • Knowledge of English to B2 Level.
  • Tuberculosis test (if applicable).
  • Criminal record certificate(s).

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