Tier 1 Innovator Visa
The Innovator visa is a different type of visa for international entrepreneurs with a calculated, well thought out business idea who want to start a business in the UK. However, the Endorsing Body must be approved by the Home Office, and they likewise will need to accept the business plan and idea application. Similarly, other visas this one has the potential to lead to a permanent residence in the United Kingdom. There are several other factors to consider when applying.
What Can We do to Help?
We will assist you with developing an innovator business plan that specifies what your business is, as well as information that demonstrates the soundness and practicality of the idea, as well as an assessment of the prospective market and market demand. So that you can apply for an innovator visa and seek endorsement from an endorsing organisation. Throughout the process, we are here to ensure information and assistance on any complications are provided.
Understanding the Innovator Visa
If an applicant is applying for an Innovator Visa for the first time while aboard, the application will be subject to the Home Office's "new business" rules. If an applicant has a Graduate Entrepreneur or Start-up Visa and is wishes to prolong their stay in the UK to maintain in the same business that was initially assessed as part of an existing visa application, they can apply under either the new or same business criteria.
The key distinction between a new business and an existing business application is the funds. A new business applicant must invest a minimum of £50,000 in the company. B&F cannot be the endorsing organisation however, we seek to make your journey in finding one simpler by reviewing each step taking.
B&F’s Action Plan
Firstly, at B&F we are focused on the success of your application. We will also assist with completion of your business plan. For that to happen the business plan you provide will need the following:
We access your current situation and concluding what needs to be altered/completed to make to appealing application. We take our time to find out more about your awareness on the business end of things. This can be all done freely by booking a consultation with us.
An approving body will evaluate a visa applicant's company idea and plan to see if it fits the criteria for innovation, viability, and scalability. Endorsement isn’t always guaranteed but we put forward our best efforts to give you your best chance. If the company passes the requirements, an endorsement letter will be issued, and the endorsing organisation will be responsible for overseeing the company's performance regularly. An applicant for an Innovator Visa who does not have an endorsement letter will be unable to submit their application to the Home Office. The Home Office has produced a list of endorsing bodies, which is updated as further endorsing bodies are added or scrapped.
If you are unable to get certain important proof, we will advise you on alternative methods of demonstrating that you meet the immigration regulations' requirements.
At B&F we provide a variety of services that will enable the best possible outcome for your business plan. Our forecast on your business plan will assist in scaling up your business positively.
We work with you as a team to make the best so of your business knowledge and then seek to improve and conduct compatible market analysis. We provide you with the pros and cons and will depict a suitable financial projection. Since we are here for your development, we commit our vast experiences to make your journey that much easier in this ever-changing market. Start your application today by calling 02036376137 or emailing firstname.lastname@example.org.
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Why Work With Us
Our process is simple, and usually starts with the consultancy to understand better your venture and its goals. See more here…
We ensure we follow any official governmental guidance on the supporting documents for the investor/ business/tier 1 visas. For many years we have helped hundreds of entrepreneurs with the previous in place Tier 1 (Entrepreneur) Visa, and currently actively work on Sole Representative, Innovator, Startu-up and Investor business plans.
Please note that we are not an Endorsement Body. For Start-up and Innovator visas we can assist with vetting a business idea ensuring it meet all the criteria of the Home Office and individual Endorsing Body. We make sure it meets criteria of innovation, scalability and viability. We tend to customise the business plans based on the Endorsing Body requirements or templates. And finally, although we cannot promise the endorsement, we work with number of Endorsing Bodies which we can try to introduce your project (please note that the Endorsing Bodies fees might apply which are independent to us).
Absolutely! We pride ourselves with offering a phone, zoom or face to face meeting to discuss your business. We initially offer 40minutes consultation.
Our prices are highly competitive, scaling up or down depending on task complexity. Price would depend on the depth of the market research, delivery timeline and industry. We offer a free consultancy to discuss initially your business and offer a quotation for you to consider.
We work with many businesses, big and small. We are happy to discuss your initial goals and assist with finding the right pathway for your business, anything from a company formation, feasibility studies or funding. The best way is to get in touch with us to start your journey!
We currently work with over 50 law and immigration firms in the UK and globally. We are happy to work with them directly on creating your business plan, market research and financial projections. You can introduce us directly to your firm, or if you represent the firm, find out more how we work with partners, here.