UK Innovator
Founder Visa
UK Innovator Founder Visa
Are you a budding entrepreneur with a groundbreaking idea and the ambition to make it a reality? Then the UK Innovator Founder Visa, facilitated by Sindhu Immigration Services Ltd, a sister company to Newton Tax Advisory, could be the key to unlocking your potential. This visa allows visionary entrepreneurs like you to establish and grow innovative businesses in the UK, fostering a thriving entrepreneurial ecosystem.
Benefits of the UK Innovator Founder Visa:
- Bring your vision to life: Establish and run your innovative business in the UK's supportive business environment.
- Access funding and resources: Benefit from a thriving ecosystem of investors, mentors, and resources to help your business flourish.
- Gain permanent residency: After successfully establishing your business, you may be eligible to apply for permanent residency, leading to eventual settlement in the UK.
- Flexible stay: Enjoy an initial 3-year visa with the potential to extend for an additional 2 years, providing ample time to build your business.
Who is eligible?
- Aspiring entrepreneurs with a genuine and innovative business idea.
- Endorsed by a UK-recognized endorsing body, such as a university or business incubator.
- Minimum investment of £50,000 in your business.
- Meet the English language requirement.
- Have at least £1,270 in available funds.
How can Sindhu Immigration help?
Sindhu Immigration Services Ltd, drawing upon the expertise of its sister company Newton Tax Advisory, provides comprehensive immigration services and dedicated support throughout your Innovator Founder Visa application process. We offer:
- Expert assessment: We analyze your business idea and assess your eligibility for the visa.
- Personalized guidance: Our experienced team provides tailored advice and navigates the complexities of the application process.
- Endorsement support: We assist you in securing the necessary endorsement from a recognized body.
- Business plan development: We help you develop a comprehensive and compelling business plan.
- Financial planning guidance: We provide expert advice on meeting the investment requirement.
- Document preparation: We help you gather and prepare all required documentation accurately and efficiently.
- Seamless application submission: We ensure your application is complete and submitted correctly to the Home Office, maximizing the chances of success.
- Representation and communication: We represent you throughout the process and handle all communication with the Home Office on your behalf, keeping you informed every step of the way.
Requirements for a UK Innovator Founder Visa:
Who is it suitable for?
- Entrepreneurs with innovative business ideas seeking to establish and grow their businesses in the UK.
- Individuals with relevant skills, experience, and entrepreneurial potential.
Investment funds requirement:
- You must have access to at least £50,000 of investment funds to support your business.
- Funds can come from personal savings, grants, government funding, or angel investors.
Endorsement criteria:
- Your business idea must be endorsed by an approved UK endorsing body, confirming its innovation, viability, and scalability.
- Endorsing bodies include universities, higher education institutions, and business organizations.
General requirements:
- You must be at least 18 years old.
- You must meet the English language requirement.
- You must be able to demonstrate that you can support yourself financially during your initial stay in the UK.
Business plan requirement:
- You need to submit a comprehensive business plan outlining your business idea, strategy, target market, financial projections, and team structure.
Innovative, viable, and scalable business requirement:
- Your business must be innovative, offering a new product, service, or process.
- It must be commercially viable with a realistic prospect of success.
- It must have the potential for growth and scalability in the UK market.
List of approved UK endorsing bodies:
- A comprehensive list of approved endorsing bodies is available on the UK government website.
- You can choose an endorsing body based on their expertise and relevance to your business field.
Financial requirement:
- You must demonstrate access to at least £1,270 in maintenance funds for 28 consecutive days before applying.
- You may need additional funds depending on your dependents.
Applying as part of a team:
- You can apply as part of a team of up to five co-founders.
- Each co-founder must meet the individual eligibility requirements and contribute to the business.
Switching into the Innovator Founder category:
- You may be able to switch into the Innovator Founder category from certain other visa categories.
- This option is subject to specific criteria and approval by the Home Office.
Application fee:
- The current application fee is £1,270.
- Additional fees may apply for biometric tests and healthcare surcharge.
Validity period:
- The initial visa is granted for a period of 3 years.
- You can apply for extensions twice, for a maximum total stay of 5 years.
Conditions of stay:
- You must adhere to the conditions of your visa, including maintaining your business and complying with reporting requirements.
- Breaches may lead to visa cancellation and removal from the UK.
Contact point meetings:
- You may be required to attend contact point meetings with the Home Office to discuss your business progress.
Stages to obtaining the visa:
- Develop your business idea and secure funding.
- Choose and contact an approved endorsing body.
- Prepare a comprehensive business plan.
- Gather all necessary documents and meet the financial requirements.
- Submit your visa application online.
- Attend the biometrics appointment and pay the healthcare surcharge.
- Await the Home Office’s decision on your application.
Don't let your entrepreneurial dreams remain just dreams! Contact Sindhu Immigration Services Ltd today and let us help you secure your Innovator Founder Visa and embark on a journey of entrepreneurial success in the UK.