Innovator Visa, Scotland

An Innovator Founder visa, part of the innovator founder route, is designed to attract individuals looking to invest in the UK.

Innovator Founder Visa

To be eligible for the Innovator Founder visa, it is crucial to have a viable and innovative business idea that is endorsed by an approved body, allowing you to set up a business in the UK. The visa allows holders to work, study or carry out business activities in the UK, although this isn’t a requirement of the visa.

The Innovator Visa allows applicants to invest £2,000,000 or more in UK shares or loan capital in UK registered businesses.

There are fairly stringent regulations attached to this type of Tier 1 visa. As a result, it makes sense to consult with Innovator Visa solicitors to ensure everything is processed correctly and there are no delays.

Contact Jones Whyte today.

Requirements

There are several criteria you need to meet when applying for a Tier 1 Innovator Visa. These are:

Applicants must be able to demonstrate their intention to invest at least £2 million in share or loan capital in UK companies.
Applicants must be able to prove that the money for investment belongs to them, their spouse, civil partner or unmarried partner.
Applicants must be able to prove their source of funds if £2 million has been held for less than two years (funds were a gift, funds were proceeds of a sale, funds were inherited).
Applicants must be able to show that they have opened a UK bank account and the relevant bank holding your funds must confirm that they have undertaken due diligence checks.
Applicants must be able to demonstrate that the investment funds are freely available to be spent and invested in the UK.

You must invest in an “active and trading” UK company, which is registered with Companies House, registered with HMRC, is regularly trading and have a minimum of two employees, aside from directors.

The endorsing body plays a crucial role in the application process by assessing business ideas for eligibility, monitoring progress, issuing endorsement letters, and evaluating business plans. If you have a current points-based visa, you may be able to convert this to a Tier 1 Innovator Visa. Successful applicants may eventually qualify for indefinite leave to remain after spending 3 years in the Innovator Founder Visa category with continued successful endorsement.

Our immigration team

Our expert legal team helps people and businesses with clear, professional advice and steady support, from first contact through to the decision. When you get in touch, we will arrange an advice session to understand your circumstances and set out your options.

Find your Lawyer

Phulah Pall

Associate

Katie Morgan

Senior Solicitor

Colette Keogh

Solicitor

Contact Jones Whyte today

For legal support & help at every stage of your life.

Get in contact with our experienced legal professionals today for support with your case.

0141 375 1222

info@joneswhyte.co.uk

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Jones Whyte are very experienced immigration lawyers. As a result, we have handled a wide range of issues.

These include:

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Innovator Visa, Scotland

Innovator Founder Visa

Requirements

Our immigration team

Phulah Pall

Katie Morgan

Colette Keogh

Contact Jones Whyte today

For legal support & help at every stage of your life.

0141 375 1222

info@joneswhyte.co.uk

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