If you are experienced in the field of business and wish to stay in the UK and have an innovative business idea and the low amount of require fund, moving to the UK is not a dream.
You can now apply for a Tier 1 Innovation Visa. However, you will have to be endorsed by an endorsing body and have the required amount of investment fund, which is currently £50,000. The Tier 1 Innovation Visa will permit you to stay in the UK for up to 3 years in order to work in your own invested business. You will have to obtain an endorsement letter, which will consider three criteria:
- Innovation: New or creative idea that will generate a new market and bring UK economy growth;
- Viability: Skills, knowledge, experience and market awareness to successfully run the business;
- Scalability: Evidence of structured planning and of potential for job creation and growth into national and international markets.
An endorsement letter must be issued no longer than 3 months before the date of the application and can only be issued by an authorised endorsing body. These endorsing bodies are authorised by the Home Office. The endorsement letter must confirm if the endorsing body is providing the investment funds or is verifying that the applicant has the investment funds available to them or has already invested the funds in their business. There are additional requirement which must be met, which are:
- You must be over 18 years old;
- You must have enough money to support yourself without the need to seek public funds;
- You must meet an English language requirement; which is at least CEFR Level B2 in reading, writing, speaking and listening.
This visa can be applied for 3 months before travel and a decision should be made within 3 weeks. For applications submitted in the UK can take 8-12 weeks. It is possible to request a Priority Service, which should take 10-15 days depending on the complexity, your personal circumstances and how busy the service is.
Why Choose Us:
The AIH is considered the international ‘gold standard’ for business investment and will meet your aims of owning and managing a successful enterprise and migrating to the UK.
Our dedicated advisors will assist with:
- Connecting the entrepreneur with businesses to help set up the business plan
- Negotiate the terms of investment and close the deal
- Assist in compliance with UK Home Office Guidelines for innovation, viability and scalability
- Preparation of a due diligence report to support the endorsement application
- Providing real time estimates of turnover and profit
- Introducing improvements to data sources producing a more coherent measure of business activity.
- Model your valuation and decide how much equity to give away
- A dedicated lawyer to advise on the investment contracts
- Preparation of your business plan
- Opening a UL bank account and investment account
- Residential property purchases
- Applications for SEIS & EIS advance assurance
- Help you avoid common mistakes
Find Out More
10 Reasons to Invest in London
The Types of Business in the UK
Child, Maternity and Retirement Benefits after Settlement in the UK
