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United Kingdom · Work visa
Innovator Founder Visa
- Processing
- 3-8 weeks
- Cost
- From £2,392 first year
- Validity
- 3 years
For experienced entrepreneurs with an innovative business idea.
Requirements
- Innovative, viable, and scalable business idea
- Endorsement from approved endorsing body
- At least £50,000 in investment funds (or exemption)
- English language proficiency (B2 level)
Time and cost
- Processing time
- 3-8 weeks after endorsement
- Validity
- 3 years, extendable
- Cost
From £2,392 first year
Required
- £1,357 application fee
- £1,035/year Immigration Health Surcharge
- Path to residency
- ILR after 3 years (if business is successful)
Documents
Endorsement letter
From approved body
Business plan
Detailed plan for endorsement
Proof of funds
£50,000 investment or exemption
English language proof
Unless from English-speaking country
Tips
- The founder must take an active role in the endorsed business
- Endorsing bodies include: Tech Nation, accelerators, universities
- Investment can come from self, angels, or VCs