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The UK Innovator Founder Visa<\/strong> is a key pathway for UK residence by investment, designed for entrepreneurs who want to establish and grow innovative businesses. Applicants with an endorsed business idea can secure a three-year stay, extend their visa, or apply for permanent residence, with family members also eligible to join. The Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and requires individuals to set up a new, scaling business in the UK. To qualify, applicants must demonstrate sufficient investment funds to start and grow their business and have a business plan that has been endorsed and approved by the Home Office.<\/span><\/p>\n UK Innovator Founder Visa<\/span><\/strong><\/p>\n The Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and grow a new business in the UK.\u00a0<\/span>Before one applies, one needs to have one\u2019s business or business idea assessed by a Home Office<\/span>\u2013approved endorsing body. They will assess the viability of the business or business idea and, if approved, provide an endorsement letter to submit with the application.<\/span><\/p>\n Successful innovators are granted leave for three years at a time and can bring their family members to the UK. After three years, innovators can apply to extend their stay for a further three years or to settle permanently in the UK under indefinite leave to remain (ILR). Each of these three stages (initial application, extension, settlement) requires endorsement from an endorsing body.<\/span><\/p>\n Benefits of the UK Residence by Investment<\/span><\/p>\n Requirements of the UK Residence by Investment<\/span><\/strong><\/p>\n Applicants must:<\/span><\/p>\n The new business must meet the following three criteria:<\/span><\/p>\n Procedures for the UK Innovator Founder Program<\/span><\/strong><\/p>\n The completed application and supporting documentation must be submitted to the diplomatic post in the applicant\u2019s country of residence. The time frame from the submission of the application is dependent on the embassy receiving the application.<\/span><\/p>\n Upon expiry of the initial three-year period, the main applicant must apply for an \u2018extension of stay\u2019 from within the UK. The authorities will issue the applicant with a three-year extension if all relevant criteria are met. Upon being granted settlement and spending a minimum of five years in the UK (the applicant must have held ILR in the last 12 months of that period), it is possible to apply for British citizenship.<\/span><\/p>\n Business owners may seek secondary employment in the country, provided it falls under skilled labor.<\/span><\/p>\n\n
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