The eligibility requirements were the same as for the Innovator Founder visa. Three main criteria were considered:
- Focus on innovation
- Liveness
- Scalability
Start-up visa was issued for 2 years, did not require initial investments and did not lead to citizenship in the UK through business. If the applicant planned to continue his/her stay in the country, he/she could apply for the Innovator visa UK, which further implied obtaining British citizenship.
Over time, the UK authorities recognized a flaw in the Start-up visa. This was expressed in low-qualified employees who opened fast-food establishments instead of IT-companies. Also the Home Office recognized its incompetence in terms of selection. Home Office employees did not understand the economy and the business environment, thus allowing a candidate with a hopeless business strategy to get a visa.
What type of business visa can I use to move to the UK now?
In spring 2023, an updated Innovator Founder visa appeared. Its conditions have become more transparent, and its goal is a fair assessment of the project, which allows entrepreneurs to develop their activities and obtain citizenship.
The Innovator Founder visa allows you to start a business, work as an employee or study at the same time. You can apply for an innovator visa if:
- you want to start and run an innovative business in the UK. Your business must be different from anything already existing on the UK market
- your business idea has been approved by an authority, also known as the Endorsing Body
- you meet the other requirements for a visa
You must be able to prove that your business idea is:
- brand new – you cannot join an existing business
- innovative – you must have an original business idea that is different from anything else on the market
- sustainable, with growth potential
- scalable – you must provide a business plan that includes job creation and expansion into national and international markets.
Schedule a free consultation and we’ll find the visa that is right for you.
More information about the Innovator Founder visa is here