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United Kingdom Innovator Founder Visa

United Kingdom Innovator Founder Visa overview

The UK Innovator Founder Visa is a residence-by-investment program for start-up entrepreneurs and experienced businesspeople who want to establish a business in the UK. To qualify you must be at least 18, have a viable, innovative, and scalable business idea endorsed by an approved endorsing body no more than 3 months before applying, meet the English requirement at CEFR Level B2, and hold at least £1,270 for 28 consecutive days (plus £285 for a partner, £315 for a first child, and £200 for each additional child). There is no minimum investment sum, though at least GBP 50,000 is recommended. The visa is valid for 3 years and renewable for a further 3 years subject to continuing endorsement, and holders may not spend more than 180 days outside the UK in any 12-month period. A spouse or partner and children under 18 can be included and are free to work or study. Indefinite Leave to Remain is possible after 3 years if the business succeeds, or after 5 years if it stays endorsed, with citizenship after that. The process typically takes 6 to 12 months.

United Kingdom Innovator Founder Visa benefits

  • One of the highest standards of living in the world and a member of the G-7 group of countries
  • A high standard of education and healthcare system
  • Access to business opportunities throughout Europe
  • Dependents included: spouse, children under 18, and children over 18 currently in the UK as a dependent
  • Eligible to apply for Indefinite Leave to Remain (ILR) to become a UK permanent resident after 3 years
  • Permanent residents have the freedom to live and work in the UK without any restriction
  • Pathway to apply for citizenship after 5 years

United Kingdom Innovator Founder Visa requirements

  • Applicants must be at least 18 years old
  • Have the business idea endorsed by an approved endorsing body no more than 3 months prior to the visa application
  • Must be competent in English to at least CEFR Level B2 (IELTS score of 5.5 to 6.0) in all categories
  • Must have sufficient funds to support themselves and any qualifying dependents
  • The application does not fall for refusal on general grounds for refusal
  • The applicant has provided a TB test certificate, if required

United Kingdom Innovator Founder Visa investment options

Investment and Endorsement Criteria

  • An investment of at least GBP 50,000 into the business is recommended to obtain an endorsement from an approved body
  • The applicant may establish their own business or be a member of a founding team
  • If applying as part of a founding team, each applicant must be an instrumental part of the team and obtain their own endorsement
  • To obtain an endorsement from an approved body, the applicant must provide a business plan and supporting documents showing that the business is innovative, viable, scalable, and sustainable

United Kingdom Innovator Founder Visa application process

Process (6 to 12 months)

  • Develop a viable business plan and have it endorsed by an authorized body approved by the UK Government
  • Following endorsement, the application must be made to a UK Embassy or Consulate nearest to where the applicant resides
  • On a successful application, an initial 3-year visa is issued to enable the applicant to move to the UK and commence the business
  • Progress must be reviewed by the endorsing body at regular intervals
  • The visa can be extended for a further 3 years, provided the business is still running and validated by an approved body
  • Applicants may apply for Indefinite Leave to Remain (ILR) after 3 years, subject to meeting minimum business performance requirements

Frequently asked questions

Who is eligible to apply for the UK Innovator Founder Visa?

The applicant must have a viable, innovative, and scalable business idea, be at least 18, secure endorsement by an authorised body, and have sufficient funds both to establish and run the business from a legitimate source and to support themselves and their dependents.

They must meet the English language requirement at CEFR Level B2 (equivalent to IELTS 5.5 in reading, writing, listening, and speaking), and if outside the UK or in the UK for less than 12 months, hold at least £1,270 for themselves plus £285 for a dependent partner, £315 for a first child, and £200 for each additional child. They must also provide a criminal record certificate issued within the last six months confirming no convictions, not fall for refusal on general grounds, and provide a clear tuberculosis test result if required.

What is the role of an authorised body, and why is endorsement needed for the UK Innovator Founder Visa?

Applicants need a letter of endorsement from an endorsing body, and HLG helps secure it. To grant endorsement, the body assesses the business idea and confirms three things: that the applicant is a fit and proper person to be endorsed under the innovator founder route, that it has no concerns over the source of any funds invested in the business, and that it has no reason to believe the applicant or business may be the beneficiary of illicit or unexplained wealth. The visa is valid for 3 years and may be renewed for a further 3 years subject to continuing endorsement, and the applicant may be eligible to apply for permanent residence after 3 years of UK residence if advanced business performance criteria are met.

Are there any residency requirements for the UK Innovator Founder Visa?

Yes. The applicant must not spend more than 180 days outside the UK in any 12-month period during the visa period.

If I was schooled in English, do I still need to prove my knowledge of English for the UK Innovator Founder Visa?

A degree-level academic qualification taught in English in the UK may be used as evidence of sufficient English language skills, depending on where it was taught.

Must I prove my knowledge of English for the UK Innovator Founder Visa?

You do not need to prove your knowledge of English if you are a national of Antigua and Barbuda, Australia, the Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Jamaica, Malta, New Zealand, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, or the USA. If you obtained citizenship by naturalization in any of those countries, that does not exempt you from proving your English language skills.

Do I have to take a tuberculosis test for the UK Innovator Founder Visa?

You must be tested at a Home Office-approved clinic if you are resident in one of a long list of specified countries. The list includes, among many others, Afghanistan, Bangladesh, China, Hong Kong, India, Indonesia, Nigeria, Pakistan, Russia, South Africa, Thailand, Ukraine, and Vietnam, with several countries directed to test in a neighbouring country (for example, Benin tested in Nigeria, Lesotho tested in South Africa, and Macau tested in Hong Kong).

What are the requirements for proving sufficient maintenance funds for the UK Innovator Founder Visa?

Before applying, the applicant must show they have held at least £1,270 in their bank account for at least 28 consecutive days. These funds cannot come from the investment funds or from money earned working illegally in the UK. When bringing dependents, the applicant must also show at least £285 for a partner, £315 for a first dependent child, and £200 for any additional dependent child.

What is the Immigration Healthcare Surcharge for the UK Innovator Founder Visa?

All applicants and dependents applying for a UK residence visa of 6 months or longer must pay the Immigration Health Surcharge, which is based on the number of years requested. It grants free access to NHS healthcare services, though residents still pay a contribution toward individual treatment costs such as prescriptions and dental treatment.

What are considered general grounds for refusal for the UK Innovator Founder Visa?

Typical grounds that make an applicant ineligible include prior criminal convictions, adverse immigration history, and making a false representation. The full list is published on the UK Government website.

What are the requirements to renew the UK Innovator Founder Visa?

To renew after the initial 3-year period, the applicant must continue to be endorsed by an approved endorsing body.

Can UK Innovator Founder Visa holders do any work or study aside from their business in the UK?

The applicant must work for the business specified in the visa application and may not work for any other entity.

What is the process for the UK Innovator Founder Visa, and how long does it take?

The entire process typically takes 6 to 12 months.
-Step 1 is an eligibility assessment, where the applicant engages HLG, provides the required documentation, and HLG carries out eligibility, due diligence, and KYC checks before proceeding to the business plan stage.
-Step 2 is the business plan, where the applicant determines a suitable idea, prepares the plan, undertakes any required market research, and clarifies the source of business funds.
-Step 3 is endorsement, with an introduction to a suitable endorsing body that reviews the applicant's background, objectives, and business plan, possibly subject to the body's specific requirements.
-Step 4 is the visa application, where HLG prepares and submits the application to the Home Office after endorsement, the applicant attends a biometrics appointment, the Home Office invites the applicant to a genuineness interview, and the application is then processed and, if there are no further issues, granted.

Can a UK Innovator Founder Visa holder automatically work in other EU countries?

No. The visa only allows the applicant to live and work in the UK.

What business services can HLG provide for the UK Innovator Founder Visa?

HLG provides a range of business services to help get the UK company incorporated and operational, from making the application to Companies House to helping with VAT registration, obtaining a tax ID number, and arranging business insurance.

How long does it take to open a UK bank account for the UK Innovator Founder Visa?

Approximately 2 weeks.

Why is the tax regime for non-domiciled residents attractive under the UK Innovator Founder Visa?

An applicant's UK tax treatment depends on their domicile status and residence status. Someone who is UK-resident but not domiciled in the UK can receive special tax treatment and can choose to be taxed on the remittance basis.

Can the applicant's spouse and minor children also benefit from the UK Innovator Founder Visa?

Yes. A spouse or life partner and children under 18 (including adopted children) who are financially dependent on the applicant can be included.

Does "spouse" include a same-sex partner under the UK Innovator Founder Visa?

Yes.

Can children over 18 be included in the UK Innovator Founder Visa?

Yes, but only if they are currently in the UK as a dependent. They must also live with the applicant (unless they can document that they are in full-time education at a boarding school, college, or university), not be married, in a civil partnership, or have children, and be financially dependent on the applicant.

Can dependents work or study in the UK under the UK Innovator Founder Visa?

Yes. Dependents are free to work or study in the UK.

What is the minimum investment amount for the UK Innovator Founder Visa?

There is no minimum investment sum, but at least GBP 50,000 is recommended, which may come from the applicant or a third party. Some applicants may need to invest significantly more depending on their business plan.

How long does the applicant need to keep the investment in the UK under the UK Innovator Founder Visa?

To maintain the visa, the applicant must keep the investment until permanent residence is granted.

Can the applicant make other investments in the UK after the qualifying investment under the UK Innovator Founder Visa?

Yes. The applicant is entirely free to make additional investments or other acquisitions, such as property.

Can the applicant sell the business under the UK Innovator Founder Visa?

The applicant is always free to sell their UK business while holding the Innovator Founder Visa, but doing so means the applicant and dependents lose their right to reside in the UK, since the business is no longer operating. Once the applicant has permanent residence, the business can be sold freely.

When can UK Innovator Founder Visa holders apply for permanent residence?

Holders, including dependents, may apply for permanent residence after 3 years if their business is considered successful, or after 5 years if their business continues to be endorsed.

When can UK Innovator Founder Visa holders apply for citizenship?

If the applicant has lived in the UK for 5 years and held permanent residence for 12 months, they can then apply for citizenship.

Does the UK allow dual citizenship under the UK Innovator Founder Visa?

Yes. There is no restriction on dual or multiple citizenship.

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