Innovator & Start – Up Visa
Innovator Visa
The main differences between an 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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