If you are from outside of the EEA, you want to set up a new business in the UK and you have access to at least £50,000 in investment funds, you may be eligible to apply for a Tier 1 (Innovator) visa. In order to apply your business or business idea must be endorsed by an approved body.
This visa allows you to set up a business and work for your company, including being employed as a director, or self-employed as a member of a business partnership. However, you cannot do any work outside of your business, for example work where you are employed by another organisation.
Visa Duration
The visa is initially granted for a period of up to 3 years and can be extended for a further 3 years. There is no limit on the number of times the visa can be extended.
Dependants
You can apply for your dependants (husband, wife or partner and children under the age of 18) to join you.
Settlement
The Tier 1 (Innovator) category is a route to settlement in the UK after a period of 5 years.
Please contact us to discuss this option further.
