The Innovator visa allows foreign entrepreneurs to establish innovative businesses in the UK. It is designed for those who "want to establish and run an innovative business in the UK - it must be something that is unlike anything else on the market."
The initial Innovator visa will be valid for 3 years. If an innovator visa holder does not qualify the criteria for ILR (indefinite leave to remain) it is possible to extend an Innovator visa for periods of 3 years at a time, subjecting to being re-endorsed each time. There is no maximum time limit in the Innovator category. The following requirements must be met to submit an application for an innovator visa extension:
Same Business: Extension Of Innovator Visa applications
Extensions are primarily based on two factors: the progress in accordance with the business plan and the achievement of the applicant.
This requires a "same business" endorsement, which will be granted if all five of the following conditions are met:
English Language Requirement
The applicant must have a B2 level of English language ability, as defined in the Council of Europe’s common European framework (CEFR) for language and learning. If this requirement has been met at the time of the initial application, the applicant would not be required to provide any additional evidence and the applicant will be deemed to have met this requirement for extension application automatically.
Maintenance Funds
If the application is approved, this will grant 3 further years to live and work in the UK. The innovator visa holders can apply for Indefinite Leave to Remain 28 days prior to the end of the 5th year in the UK.
If the innovator visa holder have may claim settled status after 3 years if you have met significant progress in terms of the application, they may claim settled status after 3 years as below:
If the application for ILR is approved, you will be able to remain in the UK permanently without being subject to immigration control, and you will be eligible to apply for British citizenship after an additional year.
ARIS International Lawyers has experience assisting all types of innovative business owners and their enterprises. Our immigration team are experts on the options available to innovators and will assist you in navigating the complex Home Office rules and policies.