Immigration updates: From 13 April 2023, the Innovator Visa is replaced by the new Innovator Founder Visa. The £50,000 investment found is removed and you're allowed to take on additional jobs.
An innovator visa is suitable for people who want to set up and run an innovative business in the UK - it must be something that’s different from anything else on the market.
An innovator visa is valid for 3 years, which can be extended for another 3 years if required.
An innovator visa can lead to settlement in the UK, you can apply for settlement in the UK after living in the UK under an Innovator visa for 3 years.
You can also bring dependents (spouse and children under 18) to the UK. You have to work for your own business, you cannot be employed by another company.
How do I get an innovator visa for the UK?
To get a UK innovator visa, you must \have a business idea that is new or innovative and has the potential to succeed.
You will also need to have at least £50,000 to invest in your business and a clear business plan.
What is the main difference between a start-up visa and an innovator visa?
There are a few key differences between a UK startup visa and an innovator visa.
Primarily, a startup visa is for individuals who are looking to establish a new business in the UK, whereas an innovator visa is intended for experienced business owners who want to bring their business idea to the UK.
Innovator visa applicants must have at least £50,000 available for investment funds.
The Start-up Visa is valid for 2 years and cannot be extended. It does not lead to settlement in the UK.
The Innovator Visa is valid for 3 years, it can be extended and it leads to settlement in the UK after 3 years.
What are the requirements for an Innovator Visa?
How much does it cost to apply for an Innovator Visa?
The fees include the Application Fee and Healthcare surcharge fee.
If you’re switching to this visa within the UK, you also need to pay £19.20 to have your biometric information (fingerprints and a photo) taken.
The fees for your dependants are the same.
Who you’re applying for
Apply (outside the UK)
Extend or switch (in the UK)
Applicant's partner and children
£1,036 each person
£1,292 each person
Healthcare surcharge: £624 per year
After submitting your online application, normally you’ll get a decision within 3 weeks if you’re outside the UK, and 8 weeks if you’re inside the UK.
Endorsement for an Innovator visa
An approved endorsing body must be satisfied that your business plan satisfies all of the following requirements in order for it to be endorsed:
How can we help
At WorkPermitCloud, we have a dedicated team to assist with you in your sponsorship applications and visa applications. We also offer professional immigration advice regulated by Office of the Immigration Services Commissioner (OISC). Our Founder and Managing Director Md Lutfur Rahman (FCILEx) has more than 20 years of experience in sponsorship licence management and immigration services.
Book our professional Immigration service at firstname.lastname@example.org
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