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
- 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
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
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’ll 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’ve changed your business and already agreed it with your endorsing body
Documents you’ll need to apply
When you apply you need to provide an ‘endorsement letter’ to show that an endorsing body has assessed your business or business idea.
You also need to provide:
- a valid passport or other document that shows your identity and nationality
- bank statements showing you’ve had at least £1,270 in savings in your bank account for 28 consecutive days before you apply
- proof that you meet the English language requirement
- evidence of your investment funds (if you’re setting up a new business)
- your tuberculosis test results if you’re from a country where you have to take the test