UK Innovative Entrepreneur Visa
Time to Permanent Residency: 3 Years ~ Time to Citizenship: 5 Years
This visa is the replacement for the Tier 1 (Entrepreneur) category; and minimum investment is reduced from £200,000 under the previous Tier 1 Entrepreneur visa to £50,000 only. It is for the more experienced, proven business entrepreneurs who wishes to establish a viable business in the UK with real prospects of growth. Having an original business idea is absolutely vital to a successful Innovative Entrepreneur visa application. All types of business are possible — none are excluded. What matters is innovation, viability and the ability to scale globally.
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Very few companies in the immigration field have experience in raising funds for young companies to the tune of £250,000 in tech sector to assist British Entrepreneurs. This competency is now essential when proposing a viable business — the most important aspect of this visa application process when it comes to seeking British endorsement. We apply our significant experience of preparing and presenting innovative business plans to ensure our clients have the greatest chances of success under the scheme. These visas depend on prior endorsement from a Government-approved Endorsing Body. Unlike many immigration advisors, we can present your business to Endorsing Bodies which are accepting applications. Endorsing bodies have a strict approval quota which limits the cases we can accept.
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The duration of your initial entry clearance is three years. After that you can apply for ILR (settlement / permanent residence) which is called Indefinite Leave to Remain (ILR) in the United Kingdom; subject to meeting certain conditions.
Establish a UK business
endorsed by a Government-approved body
Receive 3 years’ UK residency
after which you’ll qualify for settlement (ILR)
£50,000 minimum investment
reduced from £200,000 under the previous Tier 1 visa
Requirements
An original business plan demonstrating innovation- Support from an Endorsing Body
- Business investment from just £50,000
- An acceptable level of English
- Adequate maintenance funds (unless exempted) to support yourself & your dependents
Documents Required
Original and photocopy of passport- Medical Certificate
- Original Police Clearance Certificate
- Evidence of language skills
- Original or Certified copy of Birth Certificate (if applicable)
- Original or Certified copy of Marriage Certificate (if applicable)
- Personal Bank Statement for maintenance funds
- Evidence of your investment funds of at least £50,000
- Business Plan
- Business endorsement from UK
- Two passport-size photos
