How to extend the Innovator founder's visa

How to extend the Innovator founder visa - legal assistance

The Innovator visa is intended for experienced businessmen who plan to start or develop their business in Great Britain. Initially, it is issued for 3 years with the possibility of extension for another 3 years, while there are no restrictions on the total period of stay in the country under this visa. After three years of continuous residence in Great Britain, holders of such a visa have the right to apply for permanent residence (PMP).

Candidates can apply for an Innovator visa extension if they meet three requirements

• Candidates must meet all required criteria
• Continue to grow your business in the UK
• Plan to start a new project.

If the applicant plans to set up a new company, they must be prepared to invest at least £50,000. Investment is not required if the business is already operating and has been previously approved under the Innovator visa.

In order to extend the Innovator visa, it is necessary to obtain approval from specially authorized organizations that evaluate business plans or ideas on behalf of the British Ministry of Internal Affairs (Home Office).

Applicants must also add their dependents, including children who turned 18 while in the UK, to the extension application.

Criteria for creating a new business

Applicants must obtain official confirmation from accredited organizations. 

When starting a new business, these organizations will check the business plan and related documentation against the criteria of innovation, viability, scalability and reliability. 

If the business plan meets the established requirements, the organization sends an official confirmation letter to the British Home Office. The requirements for this letter are set by the Home Office.

Conditions for applying for an Innovator visa extension

The following conditions must be observed:

• continue to develop a business in the UK or intend to establish a new one;
• own a business that has already received approval under the Innovator visa;
• be able to invest £50,000 if the applicant wants to start a new business which will be approved by an authorized body
• be able to invest £50,000 if the applicant wants to start a new business which will be approved by an authorized body;
• have enough finances to support themselves without the need for government support;
• submit an application for visa extension before its expiration date;

Applicants are eligible

• Found an enterprise (or several enterprises);
• Own your own business as a company manager or partner;
• After a three-year stay in the country, apply for permanent residence;
• Be able to extend the Innovator visa multiple times.

Prohibitions for applicants

1. Work outside of their business (for example, they cannot be employees of other companies);
2. Work as a doctor or study to be a dentist;
3. Work as a professional athlete (for example, be a coach);
4. Have access to public funds.

Cooperation with legal marketplace "'Consultant"

Our lawyers are ready to provide support in extending the Innovator Founder visa and ensure the protection of your rights. Contact us for a consultation, and we will find the optimal solution for your situation. Legal marketplace "Consultant" offers professional services and an individual approach to each client.

Legal advice on extending the Innovator Founder visa

Innovator Founder visa extension legal advice provides comprehensive support for entrepreneurs seeking to extend their status in the UK. Our experts will help you understand all the requirements and steps of the process, including the preparation of necessary documents, obtaining approval from authorized organizations and investment commitments. We will provide tailored recommendations that take into account your business goals and personal circumstances to ensure a smooth visa extension and protection of your rights.

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