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
- Work outside of their business (for example, they cannot be employees of other companies);
- Work as a doctor or study to be a dentist;
- Work as a professional athlete (for example, be a coach);
- Have access to public funds.
Questions
What are the main conditions for the extension of the Innovator Founder visa?
Answer
In order to extend the visa, applicants must continue to develop their business in the UK and obtain approval from an authorized organisation.
Questions
Do I need to invest again to extend the visa?
Answer
If you are starting a new business, you need to invest at least £50,000. If your business already exists and has been approved, no additional investment is required.
Questions
What documents need to be submitted for visa extension?
Answer
Applicants must submit written approval from the authorized organization, as well as documents confirming business development and viability.
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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In the process of extending the Innovator Founder visa, it is important to comply with all the requirements and get the necessary support from specialists. This visa opens the door to new opportunities for entrepreneurs who want to develop their business in Great Britain. After three years on this visa, holders have the opportunity to apply for permanent residence, which is a significant achievement in their career. With legal support and advice, applicants can easily go through all stages of visa extension, including obtaining approval from accredited organizations. A professional approach to each client and a detailed understanding of their needs allows us to find the best solutions for successful business development and protection of the rights of entrepreneurs. Legal analysis, legal analysis of the situation, legal analysis of the situation, lawyer United Kingdom, lawyer consultation, legal audit of the situation, legal analysis, legal audit, lawyer online, legal practitioner, lawyer, law firm, lawyer advice.
