Why you should apply for the Innovator Founder Visa

Thinking of taking your brilliant idea global? Well, the Innovator Founder Visa might just be the golden ticket you need. Get ready, because this guide will explain why getting one is a smart move for entrepreneurs with ambitious aspirations. Trust us, you will want to hear this!

What is Innovator Founder Visa?

The Innovator Founder Visa is a shiny new pathway for entrepreneurs and founders. launched by the Home Office in April 2023. It combines the previous Startup and Entrepreneur visas. Here's a quick rundown of what this exciting visa offers:

• 3-Year Visa in the UK
• Have a Scalable, Innovative and Viable Business Idea
• Family-friendly.
• Pathway to Settlement
• Secondary Employment

Let's examine the key aspects of the Innovator Founder Visa and see how they can greatly benefit aspiring entrepreneurs.

3-Year Visa in the UK

This visa allows you to bring your business idea to life in the UK for three years. The UK is a great opportunity to grow your business in a supportive environment. These three years are your canvas to experiment, grow, and refine your business with the UK as your backdrop.

For entrepreneurs looking to make their mark in the UK, this is your golden ticket. This is your chance to live and work in the UK, diving into its rich opportunities without any bounds. 

Plus, there's more good news! After your initial 3 years, you've got the option to extend your visa period. Like getting extra time to continue growing your business dream in the UK.

Scalable, Innovative and Viable Business Idea

The heart of the Innovator Founder Visa beats for innovation. This opportunity isn't for repackaging old ideas; it's about breaking new ground.

Your business idea should be unique and able to grow. It needs to offer something new and have the potential for significant expansion. Moreover, it must be viable; there should be a clear plan for its sustainability and success.

This visa is ideal for those with new ideas or wanting to expand their innovations globally. Great for taking your current project to an international level. It allows you to "think on a grand scale, think innovative, think realistic."

Secondary Employment

One of the standout benefits of the Innovator Founder Visa is the allowance for secondary employment. This means that as you pour your heart and soul into getting your business off the ground, you have more opportunities beyond that. You can also take on additional work outside your business. 

Let's face it, starting a new business is exciting, but it can also be a bit unpredictable financially. Having the option to take on secondary employment gives you a financial safety net.

Having flexibility with your finances is crucial for various reasons. You may need extra money, desire a steady income, or simply want cash for unexpected business costs. Financial flexibility can address each of these situations more effectively.

Family-Friendly

Your partner and kids can come along for the ride as your 'dependants', provided they meet the criteria. If their Dependent Visa applications get the green light, they'll be right by your side until the end of your visa period. It means you won't have to miss a beat of family life while starting up your business in the UK. All your family gets to be part of this exciting journey, together.

Pathway to Settlement

If you meet the requirements for the Innovator Founder Visa, you can apply for ILR (Leave to Remain) after 3 years. Moving to the UK through this method is faster than the typical 5-year timeline for skilled workers and global talent paths. It provides a quick way to establish yourself in the UK. This process speeds up compared to other immigration routes.

Getting settled in the UK means more than just having a status. It also acknowledges your role in the economy and innovation, as well as your access to the UK. It provides healthcare, education, and a sense of belonging in the community for the long term. Not just about putting down roots; about flourishing and making the UK your family's forever home.

Conclusion

Still on the fence about applying for the Innovator Founder Visa? Why not take a peek at our blog post, “5 Reasons Why the UK is the Top Destination for Starting Your Business?” It might just spark some inspiration.

And if you’re ready to dive in, don’t forget to explore our OMLAS service. We’ve tailored it specifically to help you get your Innovator Founder Visa. Let’s get your entrepreneurial journey in the UK started!