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November 15, 2021

Innovator Visa Detailed Investment Requirements

Being one of the most popular investment visa routes in the UK, the Innovator Visa is aimed at “more experienced entrepreneurs” who have at least £50,000 to invest in a ground-breaking and innovative business in the UK. The business should also have the potential to be scaled up quickly.

What are the main requirements for obtaining the visa?

To obtain Innovator Visa, the applicant must satisfy the following investment and application requirements:

  • The applicant must be at least 18 years old.
  • Applicants must have at least £50,000 to invest in their business (or have already invested this in their UK business). Besides, the business needs to be endorsed by a government-approved endorsing body.
  • The business idea must be innovative, viable, and scalable.
  • The endorsement letter must not be issued more than 3 months before the date of the innovator visa application.
  • The applicant will have to prove to the endorsing body that the investment funds are genuinely available, and are intended for the use of the business.
  • Applicants must demonstrate full dedication to their business venture and should not take any other employment outside of that business.
  • Applicants must have at least £1,270 available to support themselves and £285 for a partner, £315 for one child, or £200 for each additional child without relying on public funds
  • The applicant must have a good command of English and can communicate with other businesses and potential customers. They can do this by: being a citizen of a majority English-speaking country, passing an English language test equivalent to CEFR Level B2 (equivalent to IELTS 5.5 in reading, writing, listening, and speaking), or holding an undergraduate degree or above, predominately taught in English. Alternatively, it is acceptable to demonstrate you have met the requirement previously in a former successful application, providing the applicant obtained a grant of entry clearance or leave to remain.
  • Each applicant will need to supply a criminal records certificate.
  • Each application is subject to a fee, payable to the Home Office.

What else do you need to know?

Applicant’s partner and any children under the age of 18 may accompany or join them as dependents. Applicants can be the sole founder of their business and they can be a member of an innovator team. Each applicant must receive their own individual endorsement from an approved endorsing body, in order to satisfy the investment funds required for a new business endorsement, each applicant must have at least £50,000 investment funds each. 

Read about one of our successful UK Innovator Visa Case Studies with Co-Founder of Fintech Start-Up here – (https://www.manns-solutions.com/uk-innovator-visa-case-study-longevity-card/)

LONDON IMMIGRATION ADVISERS – Innovator Visa

Mann’s Solutions is an international immigration law firm with offices in London, Hong Kong, and Moscow and has expertise in offering UK Visas and Immigration by Investment services to high net worth individuals. Our immigration advisers are regulated by OISC and IMC.

For further information or to discuss your personal circumstances in a private consultation with our immigration advisers in London Office, please contact us at enquiries@manns-solutions.com or call +44 207 993 63 46.