How to get UK innovator Visa endorsement
Hola Readers! Hope you are all staying safe and
healthy
Cranbrook
Legal team is working remotely to assist you with any legal matter.
Before
getting started, I would like to let you know that it is important to have a
feasible business idea to achieve success with the innovator visa application.
We at Cranbrook Legal have discreetly assisted many businesses.
The UK innovator
visa reestablishes the UK Tier
1 Entrepreneur Visa and has been addressed as a route for experienced
entrepreneurs who are actively seeking to establish their business in the UK.
Read us
till the end. This guide will be of great help.
So, without
any further ado, let’s get started.
Let's
delve into some important information.
What
is UK Innovator Visa?
If you
desire to set up or run business in the UK with actual and potential growth
prospects then you need to make an application for same. It solely depends on
the approval or acceptance from a Government-approved endorsing body.
It is
for skilled entrepreneurs seeking to establish a business in the UK. Under the
application, applicants need to present innovative, scalable, and feasible business
ideas, and the same is supported and qualified by the endorsing body.
The
visa issued will be considered valid for the duration of two years. It does not
matter, whether you are a sole owner or a team member of your business.
However, you are required to satisfy an investment fund requirement.
The
endorsing party will determine whether the business plan and documentation meet
up the standard and endorsement criteria of innovation. The endorsing body will
check the business scalability and credibility. If the concerned body approves
the business proposal, an endorsement letter will be sent to the Home Office,
with information about the applicant and his business proposal.
The
first step to innovator visa application procedure is to secure an innovator
visa from the UK endorsing bodies.
Things to Know
- Scalability- Growth potential into national markets
- Innovation- The applicant's business plan should be authentic,
original in line with the new or existing marketing requirements. It has a
vying and competitive advantage.
- Viability :- The applicant is progressing entrepreneur and armed with skills, expertise, experience and great market knowledge to run his business efficiently.
Even
after the approval, the applicants are bound to remain in contact with the
endorsing body for 6, 12 and 24 months to make sure the migrant is
progressively working on their business undertaking.
Cranbrook
Legal is a service provider that specializes in high-quality advice to our
clients. Our efficient UK Asylum
Lawyers are proficient in preparing successful applications for applicants
seeking to establish a business in the United Kingdom.
Hope it
has been an informative read. Until we come up with another blog. #staysafe
#stayhome
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