The Innovator Founder Visa is for start-up entrepreneurs and experienced businesspersons seeking to establish a business in the UK.
Privity Partners, specialist UK immigration advisers, guides entrepreneurs and business owners through the process of applying for the UK’s new Innovator Founder visa. This route, opened in April 2023, is tailored for non-UK residents seeking to establish a business in the UK.
Replacing the Innovator and Start-up visas, the Innovator Founder visa combines their most attractive aspects, offering foreign entrepreneurs a streamlined path to establish and operate their businesses in the UK. Key benefits include:
Applicants must present a business plan endorsed by an authorized body, demonstrating an innovative, viable, and scalable idea to which they have significantly contributed.
The visa allows holders to:
Family members, including partners and dependent children, can join the visa holder in the UK under a dependent visa.
Applicants must secure an endorsement from an authorized body, as listed on the Home Office website, including Envestors Limited, UK Endorsing Services, Innovator International, and The Global Entrepreneurs Programme (GEP). The endorsement letter, no older than 3 months, must accompany the online application.
To be granted the visa, applicants need to amass 70 points, focusing on new or existing business criteria, English language proficiency, and financial stability.
Application fees vary based on location – £1,036 for overseas applicants and £1,292 for in-country applications. The visa offers a route to UK settlement, counting time spent under this visa towards the residency requirement for indefinite leave to remain.
Family members can join the visa holder, with the same work and study privileges.
The Innovator Founder visa merges the advantages of the Start-up and Innovator routes, removing the initial capital requirement and allowing for secondary employment. Unlike the Start-up route, it offers a direct path to permanent settlement in the UK.
For guidance on applying for the Innovator Founder visa, contact Privity Partners for specialized support. Our solicitors are experienced in advising and guiding Innovator Founder applicants.
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