- Page Contents
- What Is Innovator Visa?
- Eligibility Requirements
- New Business: Requirements
- Applying As A Team
- £50,000 Investment Funds
- Money Disposable In The UK
- English Language
- Maintenance Funds
- How Can We Help?
- How Much We Charge?
- Frequently Asked Questions (FAQs)
You can apply for entry clearance for innovator visa after your business idea has been endorsed by an endorsing body who has issued an endorsement letter. You can contact us if you are seeking legal help and assistance from UK immigration solicitors in London, Manchester or Birmingham in relation to your entry clearance application for UK innovator visa and our team of immigration law solicitors will provide you with fast, friendly, reliable, and professional legal services for your application. Ask a question to our expert immigration solicitors for free advice online for entry clearance for an innovator visa UK by completing our enquiry form and one of our immigration solicitors will answer your question as soon as possible.
The innovator visa category is for more experienced businesspeople seeking to establish a business in the UK relying on investment funds of £50,000. Applicants will have an innovative, viable and scalable business idea which is supported by an endorsing body. With some exceptions, applicants will have funding of £50,000 to invest in their business.
It is important that before you apply for entry clearance as Innovator Migrant, you have applied for and obtained the endorsement letter from the relevant endorsement body.
If your application for entry clearance for innovator is successful, you will be granted leave to enter for a period of 3 years. Upon completion of 3 years residence in the UK as an innovator, you become eligible to apply for ILR. If you do not meet the eligibility criteria for ILR, you can apply for extension/renewal of your innovator visa.
The requirements to be satisfied for an entry clearance application as an innovator migrant include the following:
- The applicant must be at least 18 years old;
- The applicant must genuinely intend to undertake, and be capable of undertaking, any work or business activity in the UK stated in their application;
- The applicant must not intend to work in the UK in breach of their conditions;
- Any money which the applicant claims to be available must be genuinely available as described, and the applicant must intend to use it for the purposes described in the application;
- The applicant must provide an endorsement letter, issued by the endorsing body;
- The applicant must have funds for investment which should not less than £50,000 to be invested in the UK business.
An applicant endorsed for a new business may apply for entry clearance as an innovator migrant. An applicant is considered to be endorsed for a new business when either:
- the applicant is making an initial application for the Innovator route and they have not been previously endorsed in the Tier 1 (Graduate Entrepreneur) or Start up visa routes for the same business;
- the applicant is making an extension application where the business now being pursued is different from the one which they were endorsed for in their last grant of leave.
Multiple Innovator migrants can apply for endorsement to be co-directors of the same company. However, these are not linked as ‘team’ applications and each applicant must receive their own individual endorsement from an approved endorsing body. Each applicant must also independently demonstrate that they each have a separate £50,000 available to invest for applications with a ‘new business’ endorsement.
Applicants applying for an Innovator visa with a new business endorsement will need to demonstrate that they have either invested or have available at least £50,000 to invest in their new business.
The table below sets out how an applicant can demonstrate that they meet the funding requirements:
|Source Of Funds||Evidence Required|
|Endorsing body or other source where the endorsing body has verified the funds are available||Endorsement letter confirms available or prior investment of £50,000|
|A UK organisation employing at least 10 people||
All of the following:
A letter which contains a signed declaration confirming:
|An overseas organisation, a UK organisation which employs less than 10 people or an individual third party||
All of the following:
1) A signed declaration which contains:
2) A letter from a legal representative (who is registered to practice legally in the country where the third party or the money is), confirming that the declaration and signature in the signed declaration is genuine.
3) A bank letter, confirming that the funds are held in a regulated financial institution(s). The letter must be dated no earlier than 1 month before the date of application. If the institution is outside the UK, the letter must also confirm that the funds are transferrable to the UK.
|Funds held by applicant||
Bank statements, showing the funds are held in the UK in an institution regulated by the Financial Conduct Authority. The statements must cover a consecutive 3 months, ending no earlier than 1 month before the date of application.
A bank letter, confirming that the funds are held in a regulated financial institution(s). The letter must be dated no earlier than 1 month before the date of application. If the institution is outside the UK, the letter must also confirm that the funds are transferrable to the UK.
If these documents do not show that the applicant has held the funds for at least 3 months, the applicant must also provide all the evidence from the source of the funds as set out for an overseas organisation or a UK organisation which employs less than 10 people.
|Funds already invested in business||
Either of the following documents which must show the amount that has been invested:
Business accounts, showing the name of the accountant and the date they were produced.
Business bank statements.
Where evidence shows that funds are available to the applicant’s business rather than to the applicant themselves or that funds have already been invested in the business the applicant must provide a company’s house document showing their connection to the business. This document is not needed if the endorsement letter confirms the applicant’s connection to the business.
If the money is not held in the UK, all of the funds needed for the investment must be freely transferable to the UK and able to be converted to pounds sterling. Money held in an overseas account but in a financial institution regulated by the Financial Conduct Authority (FCA) will satisfy this requirement.
Money held overseas in an institution not regulated by the FCA must be transferrable to the UK. The applicant must provide evidence to confirm this, such as a document from the financial institution. Banks are not, however, required to guarantee that this money will be transferred.
The applicant must have a B2 level of English language ability, as defined in the Council of Europe’s common European framework (CEFR) for language and learning.
- The applicant must have at least £945;
- If a main applicant and their partner or children are applying at the same time, there must be enough maintenance funds in total, as required for all the applications, otherwise all the applications will be refused;
- The funds must have been held in the account for a consecutive 90 days;
ending no earlier than 31 days before the date of application;
- The applicant does not need to provide evidence of maintenance funds if the letter from his/her endorsing body confirms that the applicant has been awarded funding of at least £945 which must be in addition to the £50,000 investment funds required for innovator visa category.
We can legally represent you in your entry clearance application as an Innovator Migrant and carry out all the work until decision is made by the Entry Clearance Officer (ECO) on your Innovator visa application. The immigration caseworker to be carried out by our immigration solicitors will include the following:
- Assessing the chances of success in your application based on your endorsement letter issued by the endorsement body, your qualifications, skills, experience, the availability of funds for the investment, English language skills and the funds for maintenance;
- advising you on the relevant requirements, relevant laws and procedures;
- advising you on the relevant documents to be submitted in support of your application;
- assessing your documentary evidence and discussing the same with you;
- advising you on the weaknesses and strengths of your application;
- completing an online application form to apply for entry clearance as an Innovator Migrant;
- submitting an online application, paying the visa fee and Immigration Health Surcharge (IHS) online on your behalf and booking an appointment at the Application Centre for handing over the application pack for consideration by the ECO;
- preparing a cover letter explaining in detail how all the relevant requirements of the entry clearance application as an Innovator Migrant are being satisfied, in particular, addressing the potential issue of the genuineness of the applicant as an Innovator Migrant;
- preparing you for an interview with the Entry Clearance Officer (ECO) in relation to your Innovator visa application and discussing possible questions which the Entry Clearance Officer (ECO) may ask during the interview; and
- doing all the follow-up work on the Innovator visa application until a decision is received from the Home Office, UKVI.
Our fees for UK visa entry clearance for Innovator visa are given in the fee table below:
|Our Service||Our Fee|
|Complete help and assistance with UK visa entry clearance application for Innovator visa to cover all the work until decision by the Entry Clearance Officer (ECO) on your UK visa entry clearance application||From £1,000 To £1,500 (VAT not applicable)|
The agreed fixed fee will depend on the complexity of the Innovator visa entry clearance application and the volume of casework involved in the application. In addition to our fixed fee for Innovator visa entry clearance, the applicant will also have to pay the Home office UKVI fees for the entry clearance application.