You can apply for The Innovator Visa category if you are an experienced Business person intending to set up or run a Business in the UK. You will need to have an original and feasible Business idea, an endorsement from a suitable endorsing body and at least £50,000 in funds.
You can apply for this visa if you want to enter the UK after 1 January 2021 are an overseas applicant including from the European Economic Area (EEA) and Switzerland. If you are from EEA or a Swiss National and were already living in the UK by 31 December 2021, you should apply to the EU Settlement Scheme.
Although Innovator Visas are valid for three years, they can lead to Indefinite Leave to Remain (ILR) in the UK at the end of the valid period.
For setting up a new Business, you must have a minimum amount of £50,000 in investment funds.
Exceptions to requiring the minimum funds:
To acquire an endorsement, you must demonstrate the following:
You can explore the endorsing bodies list to see which one is relevant to your requirements. Only approach ones that are suitable for your Business idea.
What you can do:
What you can’t do:
You cannot apply until 3 months before you travel. When applying from outside of the UK, you should receive a decision on your visa within 3 weeks. If your country offers a Priority Service then you can apply for this at an extra cost. If a Priority Service is available then generally the collection time for standard Priority Service is 5 working days and for the Super Priority Service this is within 24 hours.
This visa is valid for three years regardless of whether you arrive in the UK on this visa or apply for a visa switch from within the UK. Following from that, you may be eligible for Indefinite Leave to Remain (ILR).
You must meet the requirements for eligibility if you aim to switch to the Innovator Visa and the switch to this visa must be made before your current visa expires.
You need to be currently in the UK on one of the following visas: