How do you apply for the Innovator visa?
You can make an application for the innovator visa if you want to set up and run a business in the UK which is innovative and different from anything else on the market. Your business idea must be endorsed by an endorsing body and the Home Office has provided a list of specific bodies who can endorse for this visa.
What should you do if you want to apply for an Innovator visa?
Firstly, you should check the eligibility requirements to make sure that you are eligible for this visa. You should meet the English language requirement, be at least 18 years old and make sure that you are able to support yourself in the UK and do not need to access public funds. In addition, you must also have at least £50,000 in investment funds to apply for this visa.
However, you may not need investment funds if your business is already established or you’ve been endorsed previously. If you are in this situation, you should seek advice before applying.
Next, you need to come up with an innovative business idea which is different from anything else on the market. You will therefore need to conduct market research for the UK market.
Then, you should go to the list of acceptable endorsing bodies and assess which bodies may be applicable to your business idea. You can review the requirements outlined on the endorsing body website and make your application to the endorsing body.
If you are successful, you will receive an endorsement letter and will need this to apply for the visa.
You must then gather all of your documentation applicable for your application and submit this to the Home Office along with your application form.
If approved, your visa will be granted for 3 years and there is no limit to the number of times you can extend this visa.
Should you have any queries regarding the above information or if you require assistance with your corporate, employment or immigration matter, please get in touch with a legal professional at Hudson McKenzie via email at email@example.com or by telephone +44(0) 20 3318 5794.
The information provided does not amount to legal advice.