+ UK innovation visa is a program for investors who want to establish and operate a business in UK, with the minimum investment amount at £50,000 and be certified by authority.
+ After UK government closed the Entrepreneur immigration program in March 2019, the Innovator program is launched with the goal of creating an opportunities for investors who want to move to UK and contribute to its economic as well as choosing UK as long-term destination.
+ The program attracts many international investors as the low investment and after 3 years, investors can apply for UK permanent residence.
+ Age: more than 18
+ You’re from outside the European Economic Area (EEA) and Switzerland
+ English sufficiency: at least CEFR level B2 (equivalent to IELTS UKVI 5.5)
+ Your business or business idea must be innovative and has been endorsed by an approved body
+ You must have at least £50,000 in investment funds, the money must be in bank account for 90 consecutive days, and be certified to be eligible to invest in UK
+ You do not need any investment funds if your business is already established and has been endorsed for an earlier visa
+ You need to have had at least £945 for the purpose of supporting yourself and £630 supporting each included family member, in your bank account for 90 consecutive days before you apply
+ Criminal record and good health
+ Processing time is only 8 weeks
+ Receive 3-year visa to live and do business in UK
+ No maximum time limit of visa renew
+ You will be able to apply for indefinite leave to remain (settlement) as an Innovator after spending 3 years in the Innovator visa category
+ Spouse and children under 18 can be included in the application
+ Family will be benefit from the free nation health service (NHS), children in the age of 5-18 can access the free schooling fee system at public school
PERMANENT RESIDENCE REQUIREMENTS
After 3 years, investors can extend the visa or apply for indefinite leave to remain You satisfy at least two of the following:
At least £50,000 has been invested into the business and actively spent furthering your business plan;
The business has created the equivalent of at least 5 full-time jobs for resident workers, which have an average salary of at least £25,000 a year;
The business has created the equivalent of at least 10 full-time jobs for resident workers with no average salary requirement;
The number of customers has at least doubled within the most recent 3 years and is currently higher than the mean number of customers for other UK businesses offering comparable main products or services;
The business has engaged in significant research and development activity and has applied for intellectual property protection in the UK;
The business has generated a minimum annual gross revenue of £1 million in the last full year covered by its accounts;
The business has generated a minimum annual gross revenue of £500,000 in the last full year covered by its accounts, with at least £100,000 from exporting overseas.
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