April 27th, 2023 at 07:47 am
GET UK PERMANENT RESIDENCY IN 3 YEARS VIA INNOVATOR FOUNDER VISA UK 2023 | NEW UK ILR 2023
Do you intend to apply for a UK immigrant innovator founder visa? This article elaborates on the latest updates on UK Innovator Founder Visa. In this article, we will help you learn about the Innovator Founder visa and its eligibility requirements.
The Innovator Founder visa is intended to assist seasoned business owners and budding entrepreneurs who are interested in starting a new firm in the UK. Interestingly, this visa doesn’t require applicants to have funds for investment. Instead, candidates must have a unique, scalable company idea and a strategy that has been endorsed by a sponsoring organization.
Additionally, candidates seeking an Innovator Founder visa must have a crucial daily role in establishing and managing their business while making significant contributions to their business idea.
Don’t forget that Innovator Founder Visas have a 3-year validity period and can assist candidates in getting immediate perpetual authorization to remain in the UK. Additionally, applicants can bring their spouse and any minor children with them to the UK.
Eligibility Requirements for an Innovator Founder Visa
The criteria you must meet to be granted an innovator founder visa are listed below.
- First and foremost, you are at least 18 years old
- Secondly, you have an endorsement letter from an approved UK endorsing body that confirms that:
- You are qualified to earn endorsement through the Innovator Founder route since you fit the criteria.
- Also, the endorsing body has no concerns over the source of any funds invested into your business
- Additionally, the endorsing body holds no reason to think that you or your company may be the recipient of illegal or illegitimate riches.
- Additionally, you have a business plan and you either generated or made a significant contribution to the ideas in that business plan
- Thirdly, you will have a day-to-day role in carrying out the business plan
- Next, you will regularly schedule at least two liaison appointments with the endorsing body.
- In addition, you have the position of the single founder or a crucial co-founder of the company.
- Moreover, you have an innovative, viable, and scalable business venture
- In addition, your endorsement letter was issued not more than 3 months before the date of your Innovator visa application
- Furthermore, you are competent in the English Language to at least CEFR Level B2 (equivalent to IELTS 5.5 in reading, writing, listening, and speaking)
Further Requirements
- Above all, if you are outside the UK or lived in the UK for less than 12 months, you have at least £1270 to support yourself. In addition, £285 for a dependent partner, £315 for the first kid, and £200 for every subsequent child are charged.
- Second to last, your application does not fall for refusal on general grounds for refusal
- Lastly, you have provided a TB test certificate if required
In conclusion, the qualifying conditions you must satisfy depend on your unique situation. You are, therefore, advised to consult an immigration lawyer to receive an expert’s advice.
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