UK Innovator Visa Guidance
The UK Innovator Visa offers an exciting opportunity for entrepreneurs with unique and innovative business ideas to relocate to the United Kingdom and establish their ventures. At HM & Co. Solicitors, our expert team is ready to guide you through the entire Innovator Visa process, ensuring your application is strong, complete, and positioned for success.
We provide a top-tier service at a fixed fee, giving you complete transparency over legal costs and helping you budget effectively for your business journey.
What is the UK Innovator Visa?
The Innovator Visa is designed for individuals who want to set up a new and innovative business in the UK. To be eligible, applicants must have:
✔ A unique business idea.
✔ A well-developed business plan.
✔ Endorsement from an approved endorsing body.
If successful, you can initially stay in the UK for up to three years, with the opportunity to extend or switch to permanent settlement after five years.
Key Benefits of the Innovator Visa
Pathway to Settlement – Apply for Indefinite Leave to Remain after five years.
Bring Family Members – Spouses/partners and children under 18 can accompany you.
Access to Free Education – Dependents under 18 are entitled to free UK schooling.
Transparent Fixed Fees – No hidden costs with HM & Co. Solicitors.
Requirements for the Innovator Visa
The Innovator Visa application is competitive and detailed. It requires careful preparation, including:
1. Endorsed Business Plan
You must submit a detailed business plan, endorsed by an approved UK body. The plan must demonstrate:
Innovation – A unique offering that brings something new to the UK market.
Viability – A clear route to profitability, with evidence the business can sustain itself.
Scalability – Potential for growth, job creation, and expansion within the UK.
Our Innovator Visa solicitors have extensive experience in drafting business plans that meet these rigorous standards.
2. Financial Requirements
Applicants must show:
A personal savings balance of at least £1,270 in their bank account for 28 consecutive days before applying.
Investment funds of at least £50,000 to set up the business, unless switching from another eligible visa category.
The Application Process
Applying for the UK Innovator Visa involves three crucial stages:
Stage 1: Proving Financial Standing
You must demonstrate that you have had the required personal maintenance funds (£1,270) for 28 days prior to application.
Stage 2: Securing Investment Funds
You will need to show proof of at least £50,000 in investment funds dedicated to establishing your business.
Stage 3: Endorsement of Your Business Idea
Before applying, your business plan must be endorsed by an authorised UK endorsing body.
Our experienced team can:
✔ Help prepare your business plan.
✔ Advise you on the best endorsing body for your sector.
✔ Ensure your supporting documents meet Home Office requirements.
How HM & Co. Solicitors Can Help You
✔ Business Plan Assistance – We have successfully created and refined business plans across multiple sectors, tailored to meet the endorsement criteria.
✔ Application Preparation – We ensure your application, financial evidence, and business documentation are complete and convincing.
✔ Endorsement Advice – We guide you towards the most appropriate endorsing body for your specific business idea.
✔ Transparent Pricing – Fixed fee service so you can budget your legal costs confidently.
Our team has a strong track record of supporting Innovator Visa applicants through every stage of the process, helping them build a bright future in the UK.
Contact HM & Co. Solicitors for Innovator Visa Advice
If you are planning to launch your innovative business venture in the UK, contact our specialist Innovator Visa lawyers today to start your journey.
📍 Visit us: 186 Lower Road, Surrey Quays, London SE16 2UN
📞 Call us: 0207 112 8180
📧 Email us: info@hmsolicitorsltd.com
Move one step closer to realising your business dreams in the UK with HM & Co. Solicitors. Let’s bring your innovative idea to life!
Your Questions, Answered
FAQs
Innovator Visa FAQs
Eligibility and Application - Can I apply for the Innovator Visa?
Yes, the UK Innovator Visa is open to all nationalities. It is specifically designed for individuals who wish to start a new business or expand an existing business into the UK, provided that the business is considered innovative in its nature.
At HM & Co. Solicitors, we will assess your eligibility and help you develop a compelling business case to support your application.
What does an "innovative" business idea mean?
There is no strict definition set by the Home Office, but typically an innovative business:
✔ Brings something new or unique to the UK market.
✔ Introduces creative products, services, or processes.
✔ Fills a gap in the market or improves upon existing offerings.
While technology businesses are often favoured, innovation is not restricted to tech sectors. Our expert team can advise on how your business idea may qualify under the innovation requirement.
Who decides if my business is innovative?
Your business idea must be endorsed by a Home Office-approved endorsing body.
At HM & Co. Solicitors, we work closely with you to:
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Prepare a strong business plan.
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Highlight the innovative aspects of your idea.
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Ensure that your proposal meets the endorsing body's key criteria.
Endorsement is a critical step in the process, and our experience can significantly improve your chances of success.
Choosing the Innovator Visa
Should I apply for the Innovator Visa?
The Innovator Visa offers several attractive benefits:
✔ No minimum investment amount required (only proof of £50,000 funding if starting a new business).
✔ Pathway to Indefinite Leave to Remain after just three years.
✔ Spouse or partner and children under 18 can accompany you to the UK.
✔ Dependents entitled to free UK education.
Given these advantages, it remains a popular choice among entrepreneurs seeking to build a long-term future in the UK.
If my business is not in the technology sector, can I still apply?
Absolutely. While technology and digital businesses are often considered ideal candidates, innovation is not exclusive to these fields. We have successfully assisted clients in sectors such as:
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Healthcare
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Education
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Renewable energy
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Creative industries
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Retail and product development
At HM & Co. Solicitors, we have broad experience across different industries and can guide you in framing your business idea to meet the innovation criteria.
Understanding the Process - What are the key requirements for an Innovator Visa?
To qualify, you must:
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Provide proof of personal maintenance funds (£1,270 for 28 consecutive days before applying).
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Have access to £50,000 investment funds for your business (unless switching from an eligible visa category).
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Obtain an endorsement from an approved body based on your business idea's innovation, viability, and scalability.
How can HM & Co. Solicitors help with my application?
Our Innovator Visa service includes:
✔ Tailored business plan preparation.
✔ Advice on selecting the right endorsing body.
✔ Support with gathering necessary financial evidence.
✔ End-to-end assistance throughout the visa application process.
We offer a fixed-fee service, giving you complete transparency over your legal costs.
Additional FAQs - Can I apply for settlement (Indefinite Leave to Remain) under the Innovator Visa?
Yes. After three years in the UK under an Innovator Visa, you may be eligible to apply for Indefinite Leave to Remain (ILR), provided your business continues to meet the endorsement criteria.
Can I bring my family with me?
Yes. The Innovator Visa allows you to bring your:
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Spouse or civil partner
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Unmarried partner
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Children under 18
Children accompanying you will have access to free state education in the UK.
Is the Innovator Visa the same as the old Tier 1 Entrepreneur Visa?
No, the Innovator Visa replaced the Tier 1 Entrepreneur Visa in 2019. It places greater emphasis on innovation, viability, and scalability rather than investment amount alone.
Contact HM & Co. Solicitors for Innovator Visa Assistance
If you are considering applying for the UK Innovator Visa, let HM & Co. Solicitors guide you every step of the way.
📍 Visit us: 186 Lower Road, Surrey Quays, London SE16 2UN
📞 Call us: 0207 112 8180
📧 Email us: info@hmsolicitorsltd.com
Secure your business future in the UK with trusted immigration specialists. Contact us today!
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