UK
Innovator Founder
Visa
Build your innovative business
in the UK & secure residency
The UK Economy at a Glance
A thriving center for business and investment, the United Kingdom boasts a strong economy backed by financial stability, innovation, and international connectivity. Its favorable business climate and supportive policies make it an attractive destination for enterprises worldwide.
A Guide to the UK Innovator Founder Visa
On April 13, 2023, the UK government introduced the Innovator Founder Visa, merging the UK Innovator Program (UIP) and the Startup Program into a single streamlined route. Unlike the previous visa, which required at least £50,000 in investment, the new scheme does not impose a mandatory funding threshold. Instead, eligibility is based on business viability and innovation. This post will cover the necessary steps to apply successfully.
Eligibility Criteria for Applicants
- You must be at least 18 years old.
- A valid passport is mandatory.
- Your business idea must be innovative and endorsed by an approved endorsing body.
- You must demonstrate sufficient funds for yourself and any dependents in the UK.
- TB test clearance is required.
- The UK Innovator Visa does not impose any specific educational qualifications.
Process
Consultation with Advisor
A client visits our office to explore passport options and discuss their goals. Our expert advisors provide personalized guidance based on their needs.
Enrollment with TEC
After reviewing details about the UK program, the client proceeds with TEC by signing a contract that outlines the agreed terms and conditions.
Profile Review with TEC Experts
Once enrolled, our experts assess and refine the client’s profile to align with UK program requirements.
First Meeting with UK Solicitor (Concept Discussion)
In this initial assessment, the client meets with a UK solicitor to discuss their business ideas and receive expert legal insights.
Second Meeting with UK Solicitor (Business Plan Draft)
The next step involves refining the business plan based on the client’s input and UK policies, guided by our experienced solicitor.
Follow-up with TEC Team
This session allows the client to address any concerns, clarify doubts, or discuss any aspect of the business plan and application process.
Business Plan Submission to Endorsement Body
After thorough preparation, the business plan is officially submitted to an endorsement body for review.
Endorsement Letter Approval
Upon meeting all requirements, the applicant receives an endorsement letter, a crucial document for UK immigration.
Visa Application Submission
With the endorsement letter in hand, the applicant can now proceed with submitting their visa application to the UK embassy, ensuring all necessary documents are in place.
Who Can Travel to The UK With Main Applicant?
Who Can Accompany the Main Applicant to the UK?
Bringing family members to the UK is a top priority for many applicants. We focus on helping married individuals and those with children over 18 understand their options.
How Many Partners Can Join a Single Business Plan?
A business plan can include 2 to 3 partners for a minor extra cost, allowing up to three families to relocate under one endorsement letter.
How Soon Will I Get My Endorsement Letter?
After submitting your business plan to the UK approval body, you should receive your endorsement within 60 days.
How Quickly Can I Apply for a Visa?
Visa applications can be submitted within 10 days of receiving the endorsement.
How Much Does Insurance Cost for a Family?
The visa cost is £1,872 per applicant and spouse, while each dependent child requires £1,410.