United KingdomInnovator Founder Visa Program
- Investment starts from GBP 50,000
- Residency in the UK
- Family Inclusion
- Fast processing time
- Path to Permanent Residency & Citizenship
Overview
The United Kingdom continues to be a favored investment destination, with its capital city London recognized as a global financial hub. The country attracts businessmen from around the world, and its government maintains well-established immigration programs that undergo periodic enhancements and reforms.
Among the latest British initiatives that is gaining popularity among entrepreneurs is Innovator Founder Visa Program.
The Innovator Founder Visa targets individuals with business expertise, able to establish a new, scaling business in the UK.
Eligibility
To be eligible, applicants must showcase ample investment funds for business initiation. Additionally, their business plan must receive endorsement and approval from the Home Office. The business idea should be new, unique and viable, with potential for growth.
If the business meets the eligibility criteria, the endorsing body will provide an endorsement letter. Applicants must fulfill certain conditions, including meeting the English language requirement (CEFR level B2), being at least 18 years old, and demonstrating adequate personal savings to support themselves while in the UK.
Benefits
Residency in the UK
Health & Education
Family Inclusion
Business Opportunities
Permanent Residency
Pathway to UK Citizenship
Investment Options
| Investment in innovative start-up | £ 50,000+ |
| Joint Venture Business with UK partner | £ 200,000 – £ 250,000 |
Applicable Fees
| Apply (outside the UK) | Extend or Switch (in the UK | |
| Main Applicant | £ 1,036 | £1,292 |
| Spouse or children | £ 1,036 (for each person) | £1,292 (for each person) |
Application Process
Bayat Legal Services’ compliance team will conduct an internal due diligence check, which entails a background security screening of the applicant, Preparation of KYC (Know Your Client) and a qualification assessment.
Applicants must have a viable business plan, which must be endorsed by a special body approved by the government. Bayat Group’s experts will curate the process of getting endorsement letter and approval.
After receiving the endorsement, the applicant should proceed to collect needed documents and submit the application to the nearest UK Embassy or Consulate based on their place of residence.
After a successful application, the applicant will receive an initial 3-year visa that allows them to relocate to the UK and initiate their business. The endorsing body will conduct progress evaluations at the 6-month, 12-month, and 24-month milestones.
The visa can be extended for an additional 3-year period, contingent upon the continued operation of the business and validation by an endorsement body. After three (3) years, applicants have the option to apply for Indefinite Leave to Remain (ILR), subject to fulfilling the stipulated minimum business performance and physical residency criteria.