How to Exploit the Innovator Founder Visa in 2023

Hello, aspiring innovators and inventors! Pay attention if you have a brilliant business idea; you only need the Innovator Founder Visa to achieve your goals in the UK.

So what exactly is going on? You must have either designed the business plan or had a key role in its development to be qualified for this fantastic Innovator Founder visa. So let your entrepreneurial passion shine! There’s more; hold on! The actual deal is that innovator founders are expected to roll up their sleeves and actively run and grow their companies daily. No observing from the sidelines here!

And guess what? You’ll get the chance to live in the UK for three years if you receive the Innovator Founder Visa! Oh, and there’s more: if everything goes according to plan, you might even be given Indefinite Leave to remain in the UK at the end of those three years. How’s that for a fantastic opportunity, huh? And good news for your family—they are welcome to join you on the experience! Children under the age of 18 can travel with you to the UK.

If you’re already a business hotshot and own a company in the UK, there’s another route for you – the Skilled Worker visa via self-sponsorship. That means your company can be your ticket to success in the UK. How cool is that? So, whether you’re dreaming of starting a new business in the UK or already have one and want to take it to the next level, these visas have your back. It’s time to bring your innovative ideas and entrepreneurial flair to the UK – and let the adventure begin!

Who Is the Innovator Founder Visa Suitable For?

The Innovator Founder Visa caters to visionary entrepreneurs and seasoned businesspersons aiming to establish an innovative, viable, and scalable business in the UK. While normally, joining an existing company after registration is permissible for new business ideas, even if it is not yet functioning. However, The Home Office examines such situations to ensure applicants are sincere contributors, not investment facilitators. Innovator Founders can participate in a founding team or operate independently, provided they play a significant role. Any industry can be targeted as long as the idea is new, viable, scalable, and supported by a thorough business strategy. The requirements demand creativity, practical planning, and the possibility for growth and employment creation in domestic and international markets.

Requirements for an Innovator Founder Visa

Are you ready to embark on an exciting journey to the UK as an Innovator Founder? Here’s what you need to do to qualify for this unique visa opportunity:

1. Embrace Your Entrepreneurial Spirit: First and foremost, you must be at least 18 years old and ready to take on the world with your innovative business venture.
2. Seek Approval from the Best: You’ll need an endorsement letter from an approved UK endorsing body to start your visa application. Don’t worry; they’ll confirm you’re the perfect fit for the Innovator Founder route.
3. Unleash Your Vision: The endorsing body will want to know about your business plan and how your ideas will revolutionize the industry. Show them your passion and dedication!
4. Prove Your Worthiness: Of course, you’re a person of high integrity, and the endorsing body will look into that. They want to ensure the funds invested in your business are legitimate, and that you have no connection to illicit wealth.
5. Be a Driving Force: You won’t just be an observer in your business; you’ll lead the charge daily to make it successful.
6. Stay Connected: Building a solid relationship with the endorsing body is crucial. You’ll have at least two regular Contact point meetings with them to stay in sync and share progress.
7. Stand Out from the Crowd: Your business must be innovative, viable, and scalable. Showcase your groundbreaking ideas that set you apart from the rest.
8. Timing is Everything: Ensure your endorsement letter is issued within three months before you submit your visa application.
9. Communicate with Confidence: Being proficient in English (at least CEFR Level B2) is essential for effective business communication.
10. Plan Your Finances: Depending on your situation, you must show that you have enough funds to support yourself and any dependents while in the UK.
11. Cross the T’s and Dot the I’s: Ensure your application meets all the requirements to avoid any refusals on general grounds.
12. Seek Expert Guidance: Navigating the visa process can be challenging, but don’t worry! RKY Careers‘ support staff are here to help with their wide-ranging affiliations that can give you an edge over your competition.

The Innovator Founder Visa opens doors to an exciting future in the UK. Show them your passion, dedication, and game-changing ideas, and you’ll be on your way to success!

Endorsement Criteria for a UK Innovator Founder Visa

With the Innovator Founder Visa, you can enter a world filled with countless potential! Imagine receiving the coveted Innovator Founder endorsement letter for your new company concept after it has been accepted by an endorsing authority recognised by the Home Office. But what are the requirements for eligibility?

The endorsing body will first check to see if you are a fit and suitable person and that your funding originates from reliable sources. Your company plan is essential, and you must actively participate in carrying it out. For the magic to continue to work, accept the challenge of at least two contact point meetups!

Speaking of your business idea, it must be groundbreaking! Think innovation, meeting market needs, and gaining a competitive edge. The UK wants to see your business grow beyond borders, creating jobs and scaling nationally and internationally!

Already started a business under a different route? We’ve got good news! You may switch to the Innovator Founder route, proving your business’s success and active management. So, dream big and contact us at RKY Careers to get started. Your journey to entrepreneurial success starts here! Remember, the future is yours to innovate!

How to Obtain Indefinite Leave to Remain as an Innovator Founder

Embark on an exciting journey to secure your place as an Innovator Founder in the UK; We’ve provided some enticing requirements that should give you a chance at securing indefinite leave to remain. Are you prepared to make the commitment? Here are the requirements for impressing UK Visas & Immigration:

First and foremost, You must obtain the endorsement of a recognised UK-endorsing organisation. By comparing your spectacular accomplishments to the business plan from your prior endorsement, they ought to be completely persuaded. In addition, your company must already be registered with Companies House, and you must be a Director or Member who actively participates in the day-to-day operation and growth of the company.

But that’s not all! You must meet at least two of the following requirements to dazzle the authorities truly:

1. Invested a minimum of £50,000 into your business, actively pushing it further.
2. Created the equivalent of at least 5 full-time jobs for settled workers, paying them an average salary of at least £25,000 per year.
3. Generated the equivalent of at least 10 full-time jobs for resident workers, regardless of average salary.
4. Doubled the number of customers within the last 3 years, surpassing the mean number of customers compared to other UK businesses with similar products or services.
5. Engaged in significant research and development activities, with a UK intellectual property protection application to show for it.
6. Achieved a minimum annual gross revenue of £1 million in the last full year covered by your business accounts.
7. Achieved a minimum annual gross revenue of £500,000 in the last full year covered by your accounts, with at least £100,000 coming from overseas exports.

To top it all off, you should have spent no more than 180 days outside the UK in any rolling 12-month period during the three years leading up to your application. Plus, your English language skills and knowledge of Life in the UK should be up to par. The path to becoming an Innovator Founder may be challenging, but with your determination and passion, you can make it happen! Get ready to showcase your achievements, business prowess, and the impact you’ve made. We believe in you!