Q & A
INNOVATOR VISA UK
Q
What is the Innovator Visa UK?
A
The Innovator Visa UK is a visa category which allows experienced business people to establish an innovative, viable and scalable business or business idea in the UK |
Q
Who can apply for an Innovator Visa UK?
A
The following can apply for an Innovator Visa UK:
|
Q
What are the eligibility requirements of the main applicant?
A
The following are the eligibility requirement for the main applicant
|
Q
What kind of business can one set up?
A
Applicants must set up a business which is innovative, viable and scalable, and is supported by an approved endorsing body in the UK. |
Q
What amount does an applicant have to invest?
A
Minimum amount of £ 50,000 |
Q
Do I need to show any business experience?
A
The applicant must show that they have the necessary skills, knowledge, experience, and market awareness to successfully run the proposed business. |
Q
Do I need to show English Language ability?
A
Yes, applicants must satisfy the prescribed English Language Requirement to be eligible to apply. |
Q
Do I need to show “settlement funds” to maintain my stay in the UK?
A
Yes, at least at the minimum prescribed levels. |
Q
Are family members (dependants) allowed to apply along with the main applicant?
A
Yes. The following family members (dependants) may apply along with the main applicant :
|
Q
Can I apply along with other Innovator visa uk applicants?
A
Yes, you can apply along with other innovator visa uk applicants for the same proposed business / business idea. However, each innovator applicant must individually invest the minimum £50,000 |
Q
For how long does an Innovator Visa allow me to stay in the UK?
A
3 years |
Q
Can I apply for an extension to my Innovator Visa?
A
Yes. You are permitted an unlimited number of extensions to your Innovator Visa UK. |
Q
Does the Innovator Visa lead to “Indefinite leave to remain” (settlement) in the UK?
A
Yes, you can apply for “settlement” in UK after 5 years of residing in the UK, subject to certain conditions being met. |
Q
How long does it take for an Innovator Visa to be processed?
A
Approximately 3 weeks from the date of application. However, it can take longer – |
Q
How can MigrateSmart® help us?
A
Our partnerships with highly reputed and leading global law firms, in all countries that we operate in or provide services for, enables us to provide end-to-end solutions and services to our clients. We can take care of every aspect of your Innovator Visa UK process and ensure you derive maximum benefit from our expert knowledge and advice. |