Businessmen all across the globe who have the potential to invest in the UK’s economy can apply for UK Innovator visa. It is one of the viable means to settle in UK with family provided the eligibility criteria meet the requirements for the visa. It is ideally meant for innovative businesses where the product or service differs from what is available in the market. The business also has to be approved by an endorsing body, which is an authorized designated body with the responsibility to evaluate the innovation and prospects for the business. There are separate bodies for separate domains and the immigration office sends the application to the relevant body for assessment.
The basic eligibilities that a candidate should check before applying for this visa for UK Immigration is that he or she should be 18 years of age and above. There are language requirements such that the candidate must be able to prove the ability to read, write, speak and understand English to B2 level as per the Common European Framework of Reference for Languages Scale. The proficiency can be proved by appearing for one of the acceptable tests and some applicants do not need to prove it if they belong to a certain set of nations. For Indians, they are required to demonstrate language abilities.
Another requirement is that of funds. While the applicants should have enough funds to sustain in UK, they also should have £50,000 to invest if they wish to set-up a new business in UK. Also, the source of funds has to be explained. This UK investor visa primarily targets experienced businessmen who are capable of running a new business in UK as compared to the start-up visa which is meant for brilliant business minds without any experience but a vision, enthusiasm and the zeal to establish themselves in UK. These visas focuses upon generating revenue in the UK’s economy for its growth and development and also to create employment.
When there is a stiff competition for the skilled visas and there are limited opportunities, these investor visas are ideal alternates for people with wealth and business acumen. Like other countries, UK also looks forward to the tap the potential of the businessmen worldwide who can be of significance to its development. In return, the applicants get to settle in UK, one of the most desired nations to live worldwide with all advanced facilities. They take it as an opportunity to live a quality life and secure future generations as well so that they can experience happy and healthy living.
In order to apply for UK Innovator visa, there has to be sound knowledge about the process. The most crucial part is to get the endorsement as nothing can be initiated before that. To get the endorsement, the applicant may have to visit and convince the authorities and also submit a detailed business plan. Now, this business idea, the plan and the meet should go in the favor of the applicant to secure the endorsement. An expert’s opinion can be of prominence here since they can give step-by-step guidance to proceed. There are business immigration consultants who can do the job with accuracy as they have the required knowledge and experience to do the same. It is always one’s own discretion whether or not to take the services but under right guidance, the prospects for success are always better and brighter.