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Tier 1 Innovator Visa & Start Up | Requirements of the Visa & How to Apply

Publish Date: 17-03-2019 06:48:30 | Contact name: ICS Legal | Location: UK | Place: ICS Legal, Suite 11 City Business Centre Lower Road, London | 1 times displayed |

The Tier 1 Innovator visa will have 2 sub-categories
(a) Start-up (b), Innovator. Both of these categories will now replace the
existing Tier 1 Graduate Entrepreneur and Tier 1 Entrepreneur visa categories.



Requirements
of the Start-up and Innovator Visa's



The
requirements to meet the published policies on these 2 application routes, you
will be expected to go through rigorous checks as well as your credibility as a
“business person”.



For the
“Start-up” visa category, is similar to the Graduate Entrepreneur visa and this
visa is aimed at those wishing to start their own business in the UK. This is
not limited to graduates and is open for everyone, creating flexibility to the
approach on these visas. The Start-up visas will now be valid for 2 years
instead of the 12 months given on the Graduate Entrepreneur visa. It is also a
benchmark permitting an Applicant to switch into the long term “Innovator”
visa.



Moving on to
the Innovator visa, this category is more aimed at more experienced business
people and those who have good track records. An endorsement will be required
from an approved Endorsing Body and will need to have access to £50,000 in
funding, to meet the Immigration Rules.



To apply for
the Start-up or Innovator visa, you will be required to meet the following
requirements:



1. Provide a full business plan, which
will set out your business vision as well as the product/service you intend to
operate in the UK and most importantly, how the financial aspect of the
business will look. ICS Legal is able to advise and help on preparing your
business plan.



2. Provide your sponsorship document from
the approved Endorsing Body. As part of this, you will be required to make a
separate application to be endorsed by the approved body.



3. The Endorsing Body will require you to
demonstrate that you have a credible and genuine business idea. Further to
that, you will be required to provide evidence of your business experience,
qualifications you hold, previous work experience and your future intentions as
a business person.



4. Meet the English language
requirements. The approved tests that an Applicant should complete are
contained within the Immigration Rules. You may be exempted from the
requirements if you are from a majority speaking English language country or
have completed a degree taught in English.



5. Meet the maintenance requirements.
There will be a number of ways to meet the requirements which can include
maintenance being sponsored.





You can read more information on the following: https://www.icslegal.com/Innovators.php



Contact ICS Legal: Tier 1 Innovator Visa & Start Up | Requirements of the Visa & How to Apply

Phone: 02072373388

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