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New Uk Innovator Founder Visa Route?

With the new UK Innovator Founder Visa, foreign nationals can settle in the UK by setting up a business there. However,UK Innovator Founder Visa has replaced the previous Innovator Visa and Start-Up Visa.

This visa is specifically for individuals intending to settle in the UK via business immigration criteria. The permit allows individuals to set up and run an innovative business in the UK. In addition, the business or the business idea must also be endorsed by an approved body.

A primary challenge remains the compliance of the business idea with the endorsing bodies in the UK. That’s where the Global Migrate makes the distinction. The applicants must seek an endorsement with one of the three bodies in the UK. However, the proper presentation and business idea proposal always remains challenging for most investors. Our expert immigration attorneys and business immigration consultants deal with similar matters. Our years of expertise and proficiency in dealing with endorsing bodies always create worth for our clients.

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Benefits Of The Innovator Founder Visa?

  • Establish new business or acquire existing.
  • Access to UK’s diverse economic opportunities.
  • Potential for indefinite leave to remain.
  • Live and work for three years.
  • Recognition that research and innovation is global
  • Work in own business and others.
  • Support mechanisms for innovative entrepreneurs available.
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Applying for a Global Talent visa costs a total of £608 (£456 for the endorsement application and £152 for the visa). You will incur extra fees for each dependent family member. There is also an additional cost for the Immigration Health Surcharge to be paid when applying. It costs £624 for adults and £470 for children, payable for each year of the visa requested.

For the endorsement stage, each body has different processing times but generally most will decide your application in 4-12 weeks (unless the endorsement is fast-tracked). The visa application processing times depend on where you are applying from. Applicants outside the UK enjoy a faster turnaround of 3–4 weeks. Applications within the UK take longer, around 8–10 weeks.

The Global Talent visa lasts anywhere from one year to five years. You can choose to apply for an extension before the Global Talent visa expires, provided your endorsement is intact. If the endorsing organization withdraws its endorsement, you must make a fresh application. After three to five years (depending on the endorsement) while holding the Global Talent visa.