B - Innovator visa

You can apply for an Innovator visa if you want to set up and run an innovative business in the UK

B - Innovator visa

You can apply for an Innovator visa if:
- you want to set up and run an innovative business in the UK - it must be something that’s different from anything else on the market
- your business or business idea has been endorsed by an approved body, also known as an endorsing body
- you meet the other eligibility requirements

You must be able to show that your business idea is:
- new - you cannot join a business that is already trading
- innovative - you must have an original business idea which is different from anything else on the market
- viable, with potential for growth

Knowledge of English
You must be able to speak, read, write and understand English. You will usually need to prove your knowledge of English when you apply.

You can stay for 3 years if you either:
- come to the UK on an Innovator visa
- switch to this visa from another visa while in the UK

You can apply to extend your stay for another 3 years when your visa is due to expire. There is no limit on the number of times you can extend.

You may be able to apply for settlement once you have been in the UK for 3 years.
If you want to stay longer, you must re-apply with a new endorsement before your current visa expires.

Your visa may be cut short if your endorsement is withdrawn by the endorsing body.

Eligibility
Before you apply you need to have your business or business idea assessed by an endorsing body.
They will provide you with an endorsement letter if your business is eligible.

You must also:
- meet the English language requirement
- be at least 18 years old
- be able to prove that you have enough personal savings to support yourself while you’re in the UK

If you want to set up a new business
- You must have at least £50,000 in investment funds to apply for an Innovator visa if you want to set up a new business.
- You will need to prove where you got your funding from.

You do not need any investment funds if either:
- your business is already established and has been endorsed for an earlier visa
- you have changed your business and already agreed it with your endorsing body

You need to have had at least £1,270 in your bank account for 28 consecutive days before you either:
- apply for an Innovator visa
- apply to extend your Innovator visa or switch to an Innovator visa if you’ve been in the UK for less than a year

You cannot use either of the following to support yourself:
- money from your investment funds
- money earned while working in the UK illegally

Sharing investment funds
- You can form a team with other Innovator applicants, but you cannot share the same investment funds.
- Your team must have £50,000 for each Innovator applicant. For example, if you have 2 Innovator applicants, your team must have £100,000 to invest.

Contact us to discuss your immigration matter by calling us on +44(0)7548856403 or email us on office@arukvisa.co.uk or by completing our Contact Form. One of our advisers will be happy to assist you personally.