UK Innovator Visa Program

UK Innovator Visa Program

Passport Rank

6

Visa Free Countries

187

Investment Amount​

£50,000

Processing Time

4-5 months

Table Of Content

About UK Innovator Visa Program UK

 

The UK Innovator Visa Program is a program for entrepreneurs seeking to establish a business in the UK , And this is by having a business with an innovative idea, or if there is no business idea, it is possible to invest in an existing innovative business idea with entrepreneurs residing in the UK. By defining the concept of an innovative idea, it is any development of new products or services that do not previously exist, or finding new more effective methodologies capable of solving existing problems in the market and bringing about better change in all sectors, in return, approved investors under the United Kingdom innovators visa route will be granted a visa for a period of 3 years.

 

Benefits of UK Investor program

 

The program offers many benefits to the applicant :

  1. Applicants can come to the UK and start their own innovative business for a period of three years.
  2. This program allows the applicant to include eligible family members.
  3. The fastest route to permanent residency in the UK after only three years of residency (conditions apply).
  4. Enjoy access to high quality health insurance and an educational system in the United Kingdom.
  5. Ability to reside anywhere in the UK.

UK Innovator Visa Program UK Qualifications & Requirements

 

In order to be considered for this visa category, the following requirements must be met:

  1. The age over 18.
  2. Have a clean criminal record.
  3. Proof of having funds in your bank account .
  4. Have an endorsement letter issued by a registered endorsement body.

Costs

 

There are two options for the entrepreneur under the UK Innovator Visa Program  : 

  • Invest a a minimum of GBP £50,000 in their own business:

This option is for entrepreneurs looking to set up their own business with innovative ideas in the UK.

  • Invest a minimum of GBP £150,000 – GBP £200,000 in a UK based business idea:

This option is for entrepreneurs who wish to collaborate with a UK-based entrepreneur to establish an innovative business.

Other charges apply such as the visa application fees, health surcharge and administrative expenses.

Process and steps

 

  • The first step: signing the contract and collecting documents.
  • Second Step: Choose one of the investment options.
  • Third Step: Evaluate the business idea and ensure that it matches the conditions, and establish a feasibility study for the idea.
  • Fourth Step: Submit the documents to the concerned authorities.
  • Fifth Step: Receipt of the decision regarding the residence application.

Our Services

 

Reach Immigration offers a wide variety of services to clients, the most important of which are:

  1. Advise on the required documents as per the program requirements.
  2. Advise on the appropriate investment option.
  3. Providing advice on a business idea.
  4. Assistance in preparing the feasibility study.
  5. Prepare and submit to endorsement bodies in the United Kingdom to obtain endorsement letters.  
  6. Coordinating, preparing and submitting your application and arranging biometric appointments.
  7. Monitoring and following up on the application for residency and providing advice related to residency during the period of establishing a business.
  8. Advice and assistance on renewal requirements and obtaining permanent residence.

 

FAQ's

Your business idea may relate to any sector,as long as the business idea is sufficiently innovative, applicable and scalable, and is related to your experience.
Your initial Innovator visa will be valid for 3 years.
In order to qualify for permanent residence, you will need to spend at least 180 days within the UK annually during the residency period.

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