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The Innovator Founder visa welcomes everyone with a viable, scalable, and innovative business idea into the UK. The business plan needs to pass the UK endorsing bodies first. Once approved, you or other co-founders can use the same business to apply for the UK Innovator Founder visa. This visa offers a clear path to UK settlement, and you can bring your family along.
The £50,000 minimum investment requirement was abolished on 13 April 2023.
Replaced the Tier 1 (Entrepreneur) visa in March 2019, i.e., Innovator visa.
Our UK innovator founder visa consultant at Legend Consults will assess your business idea and individual eligibility first.
Unique business ideas are endless, and there are no specific types that guarantee 100% approval from the UK endorsing bodies. Some industries, however, show more potential, including:
Legend Consults will assess the viability, scalability, demand, and innovative potential of your UK Innovator Founder visa business plan.
This visa is for you if you meet the following requirements:
You do not need an existing UK-based company to sponsor. This means no risk of sponsor cancellation, and you get complete control of your business.
The £50,000 minimum investment specification was abolished. Currently, you only need to present £1,270 proof of personal finances in your bank account.
Coming up with a brilliant business idea is not for the faint-hearted. You can brainstorm and use the same business plan as your co-founders when applying for this visa.
You can also bring your family along, including your partner and children under 18 years old. You and your family can travel freely in and out of the UK flexibly.
The UK Innovator Founder visa can be a great option if you want to switch from a Graduate or Skilled Worker visa and try the self-employed route.
Your time on this visa (3-year period) counts towards your UK settlement. You can extend it indefinitely and apply for Indefinite Leave to Remain (ILR).
Get approved at every stage; we challenge errors and rejections. Legend Consults is well-versed in every obstacle your application may face, so we smooth them out from the start. Our comprehensive support ensures you do not only successfully enter the UK but also conquer the competitive market:
Legend Consults has been specialising in UK immigration law since 2013, so you can trust us to understand the challenges of securing your visa and how to solve them.
Getting approved by a UK endorsing body is the trickiest part of getting the Innovator Founder visa. We guide you in developing a winning business plan that stands out.
We are part of Legend Group. Legend Financial will help with your tax and business needs. Legend Digitech will grow your business through digital marketing services.
It can be frustrating not to know where your endorsement/visa processing is heading. Legend Consults makes sure you are informed every time of your application milestones.
Start with a consultation to assess your business idea’s potential and your individual eligibility. Leave us an enquiry and we will respond as soon as possible.
We will help craft a compelling, structured plan that highlights your idea’s innovation, viability, and scalability. A well-crafted business plan is crucial to gaining endorsement.
We prepare you for a smooth endorsement process that includes arranging your documents and preparing you to pitch your idea. Transparency is key—any inconsistencies may delay or jeopardise your approval.
After you get your visa and relocate to the UK, it’s important to keep in touch with your endorsing body. They will provide ongoing support and mentorship for your business to grow and thrive!
Once you have successfully secured your endorsement letter, you can apply for the Innovator Founder visa. We will ensure all documentation meets Home Office criteria.
Get the Answers Here Related to Your UK Innovator Founder Visa
The Innovator Founder Visa is a UK visa for individuals who want to start or join an innovative business in the country. This visa is ideal for experts in the Tech industry, who can bring something new and innovative to the field. However, the business idea must be truly innovative and different from anything else that’s already on the market.
To write a strong business plan for your visa application, you need to show that your business idea is new and exciting, that there’s a good market for it, and that you and your team have the skills to make it successful.
After checking your eligibility, we will prepare your business plan, help you prepare for the interview and apply on your behalf to one of the endorsement bodies in the UK. We keep you informed and updated during the entire process.
Once your endorsement letter arrives, you will get your visa within three weeks. It takes eight weeks for applicants within the UK to get their visa.
This visa is issued for 3 years at a time. It includes an additional health surcharge of £624 per year for adults and £470 per year for children under 18.
The application processing fee is as follows:
When multiple entrepreneurs have a similar innovative business idea, they can team up to apply for an Innovator Founder visa. Some key points to note are:
As an Innovator Founder visa holder, you can pursue higher education in the UK. However, you must prove you can balance studying and growing your business whilst fulfilling all endorsement criteria.
As an Innovator Founder visa holder, you can hire foreign employees with a Sponsor Licence. Our Legend Consults experts are here to assist you with growing your business and acquiring Sponsor License to tap into the global talent pool.
No, as an Innovator Founder visa holder, you cannot:
Yes, you can apply for an Innovator Founder visa with your co-investor. However, individual merit is more critical than teamwork.
Innovator Founder Visa has an initial validity period of three years with an extension potential of three years. You can apply for permanent residency once you have stayed for the qualifying duration.
Our Legend Consults immigration advisors boost your chances of securing an Innovator Founder visa by offering tailor-made services such as eligibility assessment, help in crafting the perfect business plan, endorsement guidance, and funding advice whilst adhering to compliance with UK authorities.
An endorsement in the Innovator Founder visa refers to the expert approval verifying that the proposed business idea is innovative, viable, and scalable. Endorsement is necessary for visa application and allows the endorsing body to keep track of your business growth. Our experts are here to streamline endorsements for your business, increasing your visa approval chances.
No, modifying your proposed business idea after getting an endorsement is not allowed. However, you can request a new endorsement if your proposed business plan significantly alters during implementation. Our Legend Consults experts help you streamline the visa application and endorsement procedure.
The endorsement bodies track your business’s progress via business progress review. It is to verify that you are not just residing in the UK but are genuinely working on your business development and growth. Business review check-ins are at 6, 12, and 24 months. Legend Consults immigration experts assist and support you throughout the entire business progress review by organising progress and financial evidence to retain your visa validity and endorsement.
Yes, you can acquire an Innovator Founder visa even without a unique business idea. You can take over an existing business in the UK and become eligible for an Innovator Founder visa. At Legend Consults, our experts offer guidance to take over existing, pre-endorsed, viable, and scalable businesses in the UK, specifically in the tech industry. Ensuring a streamlined visa procedure.
Yes, endorsement bodies charge a nominal amount of £1,000, excluding VAT, for endorsement services under an Innovator Founder visa and are paid directly to them. Moreover, it is crucial to know that endorsing bodies may charge extra fees after successful endorsement to keep track of your business growth.
To secure Indefinite Leave to Remain (ILR) under an Innovator Founder visa, you must:
To switch from another visa category to an Innovator Founder visa, you must meet all the criteria for the Innovator Founder visa, especially endorsement. Our Legend Consults immigration experts offer guidance to streamline your visa application process.
Legend Consults started in 2013 in the UK, operating alongside its Legends Group of sister companies. Founded and run by a visionary leader, the firm provides holistic immigration services to businesses, individuals, and families.
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