Innovator Visa
Eligibility Criteria
- Have your business idea endorsed by an approved organization.
- Demonstrate the availability of required investment funds.
- Show evidence of genuine entrepreneurial intent to develop the business.
- Meet the English language proficiency requirements.
Documentation Required
- Provide a letter from an approved endorsing body confirming that your business idea has been endorsed.
- Submit a detailed business plan outlining your innovative idea, market analysis, business model, and growth strategy.
- Show evidence of the necessary funds to support your business, including bank statements or investment confirmations.
- Include a valid passport, and any other required identification or residency documents.
Application Process
- Secure an endorsement from an approved organization that verifies your business idea’s innovation and potential.
- Gather all required documents, including the endorsement letter, business plan, proof of funds, and identity documents.
- Complete and submit your Innovator Visa application through the appropriate immigration system or embassy.
- Wait for the immigration authorities to review your application. They may request additional information or an interview before making a decision.
Visa period
- The visa is usually granted for an initial period of 3 years.
- You may apply to extend your Innovator Visa for an additional 3 years if your business is still active and meets the visa requirements.
- After 3 years, you may be eligible to apply for indefinite leave to remain (ILR), also known as settlement, if you meet specific criteria and demonstrate continued business success.
- Ensure compliance with visa conditions, including maintaining your business activity and adhering to any reporting requirements.
Start-up Visa
Eligibility Criteria
- You must have your start-up idea endorsed by a recognized organization, such as a business incubator or accelerator, which verifies its innovation and potential for growth.
- Unlike some other visas, the Start-up Visa does not require a minimum investment amount. However, you must show that you have enough funds to support yourself during your stay.
- Demonstrate that you have a genuine intention to develop your business idea in the country and that it’s not just a means to gain entry.
- Meet the English language requirements by providing evidence of your proficiency through standardized tests or other approved means.
Documentation Required
- Provide a letter from an approved endorsing body confirming that your start-up idea has been endorsed.
- Submit a comprehensive business plan outlining your innovative idea, market research, business strategy, and growth potential.
- Show evidence of sufficient funds to support yourself during your stay, such as bank statements or financial guarantees.
- Include a valid passport and any other necessary identification or residency documents.
Application Process
- Secure an endorsement from an approved organization that validates your business idea’s innovation and potential.
- Gather all necessary documents, including the endorsement letter, business plan, proof of funds, and proof of identity.
- Complete and submit your Start-up Visa application through the appropriate immigration system or embassy, ensuring all required documents are included.
- Wait for the immigration authorities to process your application. They may request additional information or schedule an interview before making a decision.
Visa period
- The Start-up Visa is typically granted for up to 2 years.
- This visa does not offer an extension. After the initial period, you may need to switch to another visa category if you wish to continue your stay.
- If your business is successful, you may be eligible to apply for other visas, such as the Innovator Visa, to extend your stay and continue developing your business.
- If youaAdhere to visa conditions, including maintaining your business activities and complying with any reporting requirements.r business is successful, you may be eligible to apply for other visas, such as the Innovator Visa, to extend your stay and continue developing your business.
Investor Visa
Eligibility Criteria
- You must demonstrate that you have the required minimum amount of investment capital, typically a substantial sum (e.g., £2 million in the UK), to invest in the country’s economy.
- Provide evidence that the investment funds are legally obtained and available for immediate use, such as bank statements or financial documents.
- Show that you intend to invest the funds in the country’s economy, rather than just using the visa as a means to enter the country. This includes providing details on how and where the investment will be utilized.
- Demonstrate that you will maintain the investment at the required level for the duration specified by the visa conditions, which is often 5 years.
Documentation Required
- Provide evidence of the required minimum investment amount, including bank statements or financial records showing the availability of funds.
- Submit documentation proving that the investment funds have been legally obtained, such as legal documents or detailed financial history.
- Present a detailed plan outlining how the investment will be used in the country’s economy, including specifics on business ventures or projects.
- Include a valid passport and any other necessary identification documents to verify your identity and current immigration status.
Application Process
- Gather all required documents, including proof of investment funds, source of funds declaration, investment plan, and proof of identity.
- Complete and submit your Investor Visa application through the relevant immigration system or at the embassy/consulate, ensuring all documentation is included.
- Be prepared to provide any additional information or attend an interview if requested by immigration authorities.
- Wait for the immigration authorities to process your application. Once approved, follow any additional steps required to finalize your visa issuance.
Visa period
- The Investor Visa is typically granted for an initial period of 2 to 3 years, depending on the country and specific visa requirements.
- You may be eligible to extend your Investor Visa for additional periods if you continue to meet the visa requirements and maintain your investment.
- After a certain period, usually 5 years, you may apply for permanent residency or indefinite leave to remain (ILR) if you have fulfilled all visa conditions and demonstrated successful investment.
- Adhere to the conditions of the visa, including maintaining the investment at the required level and complying with any reporting obligations.