INVEST AND LIVE IN THE UK
UNITED KINGDOM PERMANENT RESIDENCY:
- Methods of Investment for Permanent residence permit:
- Tier 1 investment: invest in UK government bonds/Share capital of minimum £2,000,000 for 5 years
- Investment of £5,000,000 for 3 years
- Investment of £10,000,000 for 2 years
- Residency options:
Click the option for more information!
UK Innovator Visa
The UK Innovator visa is aimed at experienced business people with a viable UK business idea.
Replacing the previous Tier 1 Entrepreneur visa, the UK innovator route requires a lower capital investment than its predecessor, but endorsement must be secured by applicants from an approved entity before the Home Office visa application can be made.
IPC specialist UK business immigration experts are on hand to support you through this new visa route.
What is the UK Innovator Visa?
The UK Innovator visa has been developed to attract a broad spectrum of entrepreneurs looking to set up business in Britain. The route however is only open to those who have secured appropriate endorsement from an appointed professional body.
Expert guidance will be critical to ensure you follow the new rules for making a successful application.
With so much at stake, it’s important to ensure the innovator route is the most suitable for your needs, and that each stage of the process is managed effectively to avoid issues, delays or even refusal of your application.
How much will I need to invest to be eligible under the Innovator route?
You will need a minimum of £50,000 to invest in your business. This is significantly lower than the £200,000 minimum requirement under the previous Entrepreneur visa.
What is the Innovator visa application process?
The Innovator visa application process is in two stages.
The first stage requires applicants to secure endorsement from a relevant endorsing body following an assessment of your business idea against certain criteria. You will be expected to present a comprehensive business plan detailing all aspects of your business idea, including projections for growth, profit, cashflow and job creation, to demonstrate the business meets the endorsement criteria.
If you are successful in being endorsed, you can then proceed to apply to the Home Office for the Innovator visa.
What are the innovator visa endorsement criteria?
The endorsement stage will see your business idea assessed against the following general criteria:
Your business plan should demonstrate the product, service and/or its promotion is genuinely innovative, inventive and original and that it serves new or existing market needs and/or creates a competitive advantage.
You will need to show the business is more than an idea and that it can be made a success. This also means evidencing that you have necessary skills, knowledge, experience and market awareness to successfully run the business.
A key determinant will be potential contribution to the UK economy in the form of job creation and planning for growth into national and international markets.
You will also need to show that you will be fully committed to the business and your time in the UK under the visa will be spent wholly in the developing this specific business venture.
What are the innovator visa requirements?
If you secure endorsement, you can proceed to make your application to the Home Office for the innovator visa. This will require you to show you:
- Are endorsed by a ‘trusted’ organisation in the UK.
- Are in regular contact with the endorsing body, at 6, 12 and 24 month intervals.
- Satisfy the English Language Requirement, Level B2.
Who are the endorsing bodies?
The government operates a list of authorised bodies and organisations permitted to endorse Innovator visa applications. Contact us for advice on making your application to the relevant endorsing body.
What does the Innovator visa allow me to do?
You are only permitted to work on the business venture in question during your leave in the UK under the innovator route. This means you are not allowed to work for another business or company during your visa stay.
The regulations stipulate that visa holders are to maintain regular contact with your endorser to provide ongoing confirmation of their business activity.
How long does the Innovator visa last?
Leave under the innovator route will be granted for three years at a time, with no maximum time limit placed on visa holders under this category.
Individuals will however have to reconfirm endorsement should they wish to extend their leave at the three year stage or apply for settlement.
Can I switch to the Innovator route?
It may be possible to switch to the innovator route if you are in the UK lawfully under one of the following categories:
- Tier 1 (Graduate Entrepreneur)
- Tier 1 (Entrepreneur)
- Tier 2
- Visitor (Prospective Entrepreneur)
Can I apply to settle under the Innovator route?
It may be possible to apply for settlement after three years of continuous residence in the UK if you meet at least two of the following conditions:
- At least £50,000 has been invested and spent in the business
- The business has created at least 10 full time jobs for resident workers
- The business has created the equivalent of at least 5 full time jobs for resident workers paying at least £25,000
- The business has generated gross revenue of at least £1 million
- The number of the business’ customers has at least doubled in the 3 years and is higher than the mean number of customers for other UK businesses offering comparable main products or services
- The business has engaged in significant research and development activity and has applied for intellectual property protection in the UK
- The business is generating at least £500,000 in revenue with at least £100,000 from exporting overseas
Can family members join me?
Dependant family members – spouses, partners and children under 18 – can apply to join you in the UK as Dependant Migrants.
What if your Innovator application is refused?
If your application is denied, either at the endorsement or Home Office stage, take advice on your options.UK Start-Up Visa
The UK Start Up visa is aimed at ambitious entrepreneurs looking to set up their first business in Britain.
Replacing the Tier 1 (Graduate Entrepreneur) visa, the Start Up route is open to both graduates and non-graduates, and no initial funding is needed to be eligible.
As a new visa, IPC’ specialist UK business visa experts are on hand to support applicants through the process and ensure the relevant criteria are satisfied at both the endorsement and visa application stages.
What is the UK Start Up Visa?
The Start Up Visa offers an excellent opportunity for entrepreneurs to start their career by pursuing a business idea in Britain that will bring wider benefit to the UK economy.
The visa is available for a maximum of two years, after which point the visa holder will either have to apply to switch to another visa category, such as the Innovator visa, where they can continue to develop their business.
The visa will only be open to those who have secured appropriate endorsement.
Professional guidance is critical to ensure correct interpretation and understanding of the new rules and what these mean in practice for securing endorsement and making a successful visa application.
With so much at stake, it’s important to ensure the Start Up visa is the most suitable route for your needs, and that you follow the application process and submit all required documentation to avoid issues, delays or even refusal of your application.
What is the Start Up visa application process?
The application process is in two stages.
Applicants will first need to secure endorsement from a university or approved business sponsor. This process will require a business plan to be developed, detailing your business idea, strategies and projections.
If approved, you can then make your visa application to the Home Office.
How much investment will I need to be eligible?
Applicants for the Start Up visa will not need to have secured investment funds for their venture.
In addition, should Start Up visa holders move on to apply for the Innovator Visa at the two-year mark, the investment requirement of £50,000 will be waived.
What are the Start Up visa requirements?
In order to make an application to the Home Office under the innovator route, you will have to show you:
- Are over 18 years of age.
- Are endorsed by an approved organisation.
- Are in regular contact with the endorsing body, at 6, 12 and 24 month intervals.
- Satisfy the English Language Requirement, Level B2.
- Already have valid UK leave under either Tier 1 Graduate Entrepreneur, Tier 2, Tier 4 (General) or as a visitor undertaking permitted activities as a prospective entrepreneur.
- Can show minimum maintenance funds of £945.
What are the eligibility criteria?
Your application will be assessed for its ‘credibility’. Specifically, you will need to show:
- Any investment funds are genuinely available and intended for use as described in your application.
- Your genuine intention and capability in undertaking the proposed business activity.
- Your intention to work lawfully in the UK and not in breach of the regulations eg ‘no employment as a doctor or dentist in training, or as a professional sportsperson’.
Which are the endorsing bodies?
The government has issued a list of authorised bodies and organisations permitted to endorse Start Up visa applications. These include business and HEI endorsers. Contact us for advice on making your application to the relevant endorsing body.
Can you apply as a team?
The route does allow for applications to made as part of a team.
Does the Start Up visa lead to settlement?
It is only possible to stay in the UK under the Start Up category for a maximum period of 2 years. As such, this category does not lead to settlement.
Depending on the route you take at the end of your Start Up visa, you may become eligible for ILR under your new visa.
For example, should you switch from the Start Up visa to the Innovator route – the Innovator visa does lead to settlement where the individual meets the relevant requirements, including 3 continuous years residence in the UK.
What if my application is refused?
Your options will depend on the circumstances of the refusal. For example, were you refused endorsement on the basis of the business idea, or as a result of failing to meet the general grounds for admission? Take advice as soon as possible to assess your options for next steps.
- Max ages that Children can be included on a Permanent residence permit application:
- Children under 18 are eligible
- Years for Permanent residence permit to lead to Citizenship:
- 5 Years of uninterrupted living in the country
- When exactly does an applicant become a Permanent residence permit holder?
- Within 1-2 months
- When does a Permanent residence permit holder become a Citizen?
- The investor will be eligible for British citizenship after 5 years of stay in the UK
- By marriage to a British citizen and have lived in the UK for at least 3 years before the date of your application
- Reputable democracy with rule of law
- Attractive tax regime for high net worth individuals classified as “UK resident and non-domiciled”
- Processing time is very fast
- Quality of life is high compared to many other jurisdictions
- Business and working opportunities throughout the UK and European Union
- Reputable educational system
- Dual citizenship allowance
WHY UNITED KINGDOM:
- The United Kingdom runs under a unitary parliamentary constitutional monarchy, while the head of state being Queen Elizabeth II They have a total nominal GDP of $2 434 trillion, with a per capita GDP of $38,591 Their total nominal GDP is the 6th highest in the world and the 3rd largest economy in Europe
- The United Kingdom is also the 8th largest economy in terms of purchasing power parity, and they contribute greatly to the world's economy
- International business environment – London is the financial capital of the world
- The world-renowned Superior standard of education, a broad network of state and private schools, and more than 150 universities and higher education institutions
- One of the best free health care services in the world
- Member of the G8
- A key member of the EU, which means greater business opportunities throughout Europe
- Unrivaled financial business center (London)
- Attractive tax regime for high net worth investors classed as U K resident, non-domicile
- British citizens had visa-free or visa on arrival access to 186countries and territories, ranking the British passport 4th in terms of travel freedom
- Direct international flight connections to almost all major cities in the world
- Diverse and multicultural society represented by large cultural and ethnic communities
ABOUT UNITED KINGDOM:
- Official Name: United Kingdom of Great Britain and Northern Ireland
- A Form of Government: parliamentary
- Capital: London
- Population: 66,620.528
- Official Language: English
- Currency: Pound sterling
- Area: 248,532 km2
- Education: British Education
- Culture: Mixed culture (British, Irish, Poland, Romania, India)
- Environment: Grazing
- Health Care: High quality health care (30th Worldwide)
- Taxation: Highest in the EU
- Tourism: top 5 world wide
- Weather: Oceanic climate
- Politics: Politically stable
- Schengen: yes
- Religion: Christian
- Investment of £2,000,000 minimum
- Pay Healthcare surcharge
- Valid passport
- Bank statement
- Criminal record
- Birth certificate
- Source of funds
- Proof of investment
- Open a UK bank account
- Certified translation of documents. (if not in English)
- Sufficient funds to support yourself and the dependents
- Passport size photos
- Marriage certificate (if applicable)
- Income tax Return
- Current home address