Minimum funds requirement is of minimum £50,000 which must be shown as investment funds in order to set up the new business. In case the business is already established and is endorsed in an earlier visa, immigrants do not need to provide with investment funds.
Once the applicant is able to land the innovator visa, they are some things that they are allowed to do and some they are not allowed to do. Things that they are allowed to do are as follows:
Things that are not allowed for innovator visa holders are as follows:
For immigrants to be able to apply for UK innovator visa, they are required to clear the eligibility criteria that are set by the UK government. The first condition is to get their business idea assessed by an approved body. On the successful assessment of the business idea meaning that the business idea is found viable, the applicant is provided with an endorsement letter. Other major requirements are as follows:
For an ideal application, the earliest an applicant can apply for the visa is 3 months before their travel. The decision on their visa application can be expected within 3 weeks. Taking about the fees that need to pay to apply for innovator visa, it mainly depends on the location of the applicant from where they are applying. The following table will illustrate the fees structure for the innovator visa:
|Applying for||Apply (outside from the UK)||Extend or switch (in the UK)|
|Yourself (if from Turkey or Macedonia)||£966||£1222|
|All dependants||£1021 each person||£1277 each person|
In case the application is submitted online, the applicant needs to also pay the healthcare surcharge as part of the application. Duration for stay is for 3 years if the applicant:
The applicant can also apply for the visa extension for another 3 years after the expiration of the current innovator visa. There is no limit on how many times the applicant can apply for visa extensions. The applicant will be able to apply for settlement once they have stayed in the UK for a minimum of 5 years.
With the submission of their “endorsement letter” to prove that their business idea has been assessed by the assessing body, applicants are also required to submit another set of documents, which are as follows:
Additional documents can also be required by the immigration office that varies from case to case.
Getting all the required set of documents and the whole application process can be very confusing and this where the immigration consultants play their role. With their experience and knowledge of all the immigration-related processes, they can help you to maximize your chance of moving to the UK from India. Call us now on 92-92-92-92-81 and get your journey started with the help of best immigration consultant – Nationwide Visas.
To apply for a UK innovator visa, it is a very simple and easy process. Applicants can apply for the innovator visa online. Applying online allows the applicants to apply from anywhere thus removing the geographical location restriction.
The applicant will be required to have their fingerprints and photographs taken at a visa application center which is a part of the application process. They will have to collect their biometric residence permit within 10 days of when they arrive in the country. Getting your visa and other services depend on the country from where the applicant is submitting their application for the innovator visa.
Applicants will be able to include their family members/dependents in the application and they can come with the applicant to the UK with the help of the innovator visa. The dependent can be any of the following:
Additional £630 is required for each dependent other than the £945 that is required to support the applicants themselves. This shows that the applicant’s dependent can be supported while there stay in the UK.
Nationwide visas – the best immigration consultant will help you to get their hands on the UK innovator visa from India with our experience in the immigration industry. Being known for providing with the best client services in the immigration industry, Nationwide visa will help you to strategize your immigration journey to UK from India. Call us now on 92-92-92-81 and get a call from our experienced immigration consultant.