What Are the UK Innovator Founder Visa Requirements in 2024?

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The UK Innovator Founder Visa is your gateway to Residency by Investment in one of the world’s financial powerhouses. But how have things changed for this United Kingdom residency since the election of a new Labour government on July 4, 2024? Let’s find out if there are new UK Innovator Founder Visa requirements.

General UK Innovator Founder Visa Requirements

The key UK Innovator Founder Visa requirements remain the same as the ones laid out on the Thursday, April 13 2023 launch date of this Residency by Investment Programme. Namely you must:

1. Plan to inaugurate a UK-based innovative, scalable, and viable business whose genesis comes from your sole or major contribution
2. Enlist the support of an endorsing body
3. Dedicate yourself to fulfilling a sizeable portion of the day-to-day running and evolution of the company

Innovator Founder Visa Validity Requirements

As the Innovator Founder Visa is a route to settlement, you must satisfy the following conditions to be able to stay in the UK:

• Be aged 18+
• Pay any relevant fee plus Immigration Health Charge
• Provide bank statements showing a minimum balance of £1,270 for the last 28 days
• Supply the requested biometrics
• Produce a passport or other travel document verifying your identity and nationality
• Show an endorsement letter predating your application date by three months or less that can’t subsequently have been withdrawn
• Display a legitimate medical certificate if you’ve been previously diagnosed with active pulmonary tuberculosis, establishing that you’ve been screened and your body’s clear of the disease
• Prove English language B2 proficiency 

The Major Take on the UK Innovator Founder Visa

Anna-Lisa Major is our B2B Business Development Manager and has extensive knowledge of UK Innovator Founder Visa requirements. From her London base, Major observed the recent election with interest. 

She sees no reason for “requirements to change under the new government. The Labour Party may have trade union roots but the current incarnation is resolutely pro-business.”

“With the Tories abolishing non-dom status in the UK, Labour are committed to attracting foreign direct investment to the country. So, I see a future for the Innovator Founder that burns bright,” predicts Major.

“Industry think tanks are proposing the Home Office expand the endorsable sectors to include high-end value manufacturing, clean tech, and health and wellbeing,” she elaborates. 

“This will open up new opportunities for foreign investment and business creation in the UK. British innovation has been lagging behind a number of EU countries for some time, and this would be a welcome addition.”

How to Invest in a UK Residency in 2024

Has reading this article piqued your interest in a UK Innovator Founder Visa? Your next move should be to talk to an investment migration expert with specialist knowledge of British Residency by Investment and a London HQ such as Latitude Group. So, don’t delay and contact us today.