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United Kingdom

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About

The United Kingdom is the second largest economy in Europe. It is considered to have the most robust and established legal system which has been inherited by one third of the world.

The United Kingdom is a leader in the international community and a member of the G7, NATO and Commonwealth of Nations. The govern- ment has introduced a variety of residency by investment schemes to attract the most talented professionals and business leaders.

The UK innovator visa offers investors to set up a business in the United Kingdom and a route to acquire permanent residency in the UK after three years of residency.

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General Requirements

The main applicant must:
  • Be over the age of 18
  • Fulfil the English Language Requirements.
  • The Business must have an endorsement from an approved endorsing body.
  • The main applicant will need to prove his sources of funds for the business investment.
  • Pay an immigration health charge.
  • Fulfil the financial requirements.
  • Undergo a Tuberculosis test.

Additional Information

Why set up a business and apply for residency in the UK?
Why set up a business and apply for residency in the UK?
  • Residency in a country which had the second largest economy in Europe.
  • Unlimited business and education opportunities.
  • Residency in an English speaking country.
  • Multicultural environment, ideal for new immigrants.
  • Newborn children on UK residents entitled to apply for UK citizenship.
  • Competitive tax rates for businesses and individuals.
  • The United Kingdom has a stable government and has strong diplomatic relations with many countries.
Investment requirements
Investment Requirements

Two of the following requirements will also need to be fulfilled in order to apply for indefinite leave:

  • £50,000 will need to be invested into the business and actively spent on the business
  • Customer base of the business should be doubled with the previous three years.
  • The business has invested in research and development activity and applied for intellectual property protection in the UK.
  • The business has generated a minimum annual gross revenue of £1 million in the last full year.
  • The business has generated a minimum annual gross revenue of £500,000 in the last year
    providing a revenue of £100,000 was generated by exports.
  • The business has created at least 10 full time jobs for settled workers.
  • The business has created at least 5 full time jobs for settled workers. Each worker must have a mean salary of at least £25,000 a year.
Fees
Fee
Government Application Fees
Single person male

Main Applicant

GBP £1036

Couple

Spouse

GBP £1036

Family of 4

Child

GBP £1036 

Endorsing Body Fees

Initial Endorsing Body Fee

GBP £1000

Endorsing Body Monitoring Fee

(12 Month Checkpoint)

GBP £500

Endorsing Body Monitoring Fee

(24 Month Checkpoint)

GBP £500

Immigration Health Charge

Over 18 years of age

GBP £624 per year

Under 18 years of age

GBP £470 per year

Settlement
Settlement

In order to apply for indefinite leave to remain after three years of residency, the investor must receive another endorsement letter by a government approved endorsing body.

The endorsing body will need to assess the following criteria:

1.

Confirm the business has made significant progress over the three years. The endorsing body  will assess the business plan to see whether the business is achieving the goals set out in the business plan.

2.

Confirm whether the business is registered with Companies House and the applicant is listed as a director.

3.

Confirm the business is active and trading.

4.

Confirm the business can continue to be sustainable in the following 12 months at the time of the new endorsement. The endorser will assess the assets and expected income of the business and weigh them against its current and planned expenses.

5.

Confirm the applicant has demonstrated an active key role in the day to day management and development of the business.

Timeline and Process

Application to Endorsing Body

Investors will need to present a scalable, innovative and viable business idea. The business idea will need to be assessed by an approved government body. The endorsing body will assess whether business is genuinely viable, scalable and innovative.
Investor will need to demonstrate various requirements within their business plan in relation to source of funds, work experience and skillset.

1
Application Submission Stage

If the business receives a successful endorsement, the investor can proceed to submit their application on the online portal and provide their biometric data at a government mandated visa application centre.

2
Approval or Rejection Stage

If the visa application is approved, the investor will need to travel to the united kingdom within three months and acquire their UK residence permit.

3

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