The Innovator and Start-up Visas cater to entrepreneurs looking to establish a business in the UK. The Innovator Visa is aimed at experienced businesspeople with a viable business idea endorsed by a recognized organization. The Start-up Visa is designed for new entrepreneurs starting their first business in the UK. Both visas emphasize innovation and require applicants to present a compelling business plan, fostering the growth of the UK economy through entrepreneurial talent.

Key Points:

• Innovator Visa:
  • Eligibility: Must have an innovative, viable, and scalable business idea that has been endorsed by an approved UK organization.
  • Financial Requirement: Applicants must have at least £50,000 in investment funds to start their business.
  • Validity: Granted for 3 years, with options for extension and ILR after 3 years.
• Start-up Visa:
  • Eligibility: For individuals starting a new business that is innovative and not set up in the UK previously. No initial investment funds are required.
  • Documents Required: An endorsement letter from an approved UK organization and a robust business plan.
  • Validity: Initially valid for 2 years, with the option to switch to the Innovator Visa afterward.
• Work Rights: Both visa holders can work in their business and are allowed to bring family members as dependents.