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What is an Innovator Founder visa in the UK?

An Innovator Founder visa is for those who want to set up and run a business in the UK. You must have at least £50,000 in investment funds, unless the business is already established. However, unlike previous work visas, you must show that the business idea that you have has been endorsed and there is a list of endorsing bodies that you should approach before you apply to the Home Office. In order to get endorsed, you have to demonstrate that your business idea is a new, innovative, scalable idea, viable with potential for growth. If your application is successful you will get a visa for three years and can apply to extend it for another three years. You can apply for settlement once you have been in the UK for 3 years.

What is the level of investment that needs to be made in order to be granted leave to remain in the UK?

You can no longer apply for a Tier 1 (entrepreneur) visa. If you wish to set up or run a business in the UK you should apply under the Innovator Founder visa or a Start-up visa. If you already have a Tier 1 (entrepreneur) visa you can apply to settle in the UK or extend your visa.

How much does an Innovator Founder visa cost?

An Innovator Founder Visa costs £1,191 per person if applying from outside the UK, or £1,486 if applying to extend or switch your visa in the UK.

You will also need to pay the NHS health surcharge.

What are the conditions for an Innovator Founder visa?

On an Innovator Founder visa, you can set up businesses and work for them, do ‘skilled work’ outside the business and bring eligible partners and children as your dependants.

You cannot access public funds or the State Pension.

Danielle invites you to take a look at her blog, where you will see the diverse range of clients that she has helped.

If you have any questions about the process or would like to apply for an Innovator Founder visa, please contact Danielle or call on 020 7267 4133. Danielle will only charge you for the first consultation if you decide to become her client and if she can assist you.

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