How to open an Innovator founder visa in the UK

How to open an Innovator Founder visa in the UK?

The Innovator Founder Visa UK is a visa for founders of innovative companies, available for both novice and experienced entrepreneurs who wish to start a business in the UK. It allows founders to work and develop a business in the UK without the need for large financial investments. This visa is an excellent option for people with new ideas that can succeed in the British business environment.

What are the main requirements for obtaining an Innovator Founder visa?

In order to obtain the Innovator Founder Visa, your business must meet a number of requirements. These relate to both the business itself and your ability to manage it at each stage of development. Here are some of the main requirements to consider when applying for a visa:

• Innovation: Your business must offer an innovative product or service that has no analogs in the market or is significantly improved compared to existing options. Your idea must have the potential to solve specific problems or meet market needs.
• Viability: The business must be viable, meaning it must have the potential for sustainable operation and growth in the UK. The business plan must include financial projections and forecasts for the company's financial stability.
• Scalability: Your business must be scalable, meaning it should have the potential for large-scale development, including expansion into international markets. This shows that your idea can grow in scale and generate more income over time.
• Business plan: The business plan you submit for approval must be detailed and clearly describe all aspects of your business idea. It should include financial projections, marketing strategy, and paths to success.
• Active business management: After obtaining the visa, you must actively manage the company. Your role in the business must be important and effective, and you should be involved in all key processes and strategic decisions.

Advantages of the Innovator Founder Visa

The Innovator Founder Visa offers entrepreneurs several advantages, including:

• Long duration: The visa is granted for three years, giving enough time to start a business and begin generating profits. This allows for the creation of a stable enterprise.
• Opportunity to apply for permanent residency: After three years on the Innovator Founder Visa, you can apply for permanent residency status, allowing you to stay in the UK permanently.
• Prospect of obtaining citizenship: After five years of holding the Innovator Founder Visa, you can apply for British citizenship, which will provide additional opportunities for your business and personal development.

How to obtain an Innovator Founder visa?

The process of obtaining the Innovator Founder Visa consists of several stages, each requiring special attention and careful approach. Here are the steps you need to follow:

1. Develop a business plan: First, you need to prepare a detailed business plan, which will be assessed by an authorized body. Your plan should describe the innovative nature of your idea, the potential for business development, financial projections, and implementation strategy.
2. Business evaluation: After submitting the business plan, you will receive an evaluation from the authorized body, which will confirm that your idea is innovative, scalable, and viable. The evaluation may take some time, as each business plan is thoroughly reviewed.
3. Submit a visa application: After your business plan is approved, you can submit an application for the Innovator Founder Visa. The application should include all necessary documents, including proof of your identity, financial stability, and business development plan.
4. Obtain the visa: After reviewing the application and confirming all requirements, you will receive the Innovator Founder Visa, which will allow you to start working in the UK.

Questions and Answers

How to get consultation for applying for the Innovator Founder visa?

Legal assistance. If you are unsure about your actions, it is important to consult a lawyer who can help properly prepare the documents and submit the claim.

Financial advice. If you want to determine the optimal financial approach for your business in the UK, we will help you choose the right funding options.

Contact with the consultant. Our consultants are always ready to help you at every stage of the visa process and business setup.