UK Innovator Founder Visa

Turkish entrepreneurs can enter the UK and establish an innovative business via the UK Innovator Founder visa. With this visa, you can enter the United Kingdom and stay for up to 3 years to run your established business.

To get more insights about the UK Innovator Founder visa, its eligibility criteria, how to apply, or other services we offer, Total Law can help. Call us today on +44 (0)333 305 9375 or message us online.

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    What Is an Innovator Visa UK?

    The UK Innovator visa, now called the Innovator Founder visa is designed for entrepreneurs who want to enter the UK and establish a business. Turkish entrepreneurs seeking entry into the UK via this visa must prove that their business is innovative, scalable, and viable. You must prove this with a comprehensive business plan approved by an endorsing body.

    Besides that, this business must be unique and shouldn’t be what is already available in the UK market. As a Turkish entrepreneur applying for the Innovator Founder visa, you must have significantly come up with or contributed to your business idea.

    You must also be ready to play a crucial role in the management and development of your business daily. Since April 13, 2023, entrepreneurs are no longer required to invest at least £50,000 in their business to obtain the Innovator Founder visa.

    However, you must prove to the endorsing body that you have a reliable source of funding to run the business while it matures. Your family members (dependents), spouse/partner and child under 18 years old can join you on this visa to enter the UK.

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    Eligibility Criteria for Innovator Founder Visa UK

    Turkish entrepreneurs applying for an Innovator Founder visa UK must meet some eligibility criteria. You must:

    • Be 18 years old or above
    • Meet the English language requirements
    • Have no criminal history
    • Have a scalable business. You need to show that you have plans to establish a business that will grow into domestic and foreign markets and create employment opportunities
    • Own an original business which doesn’t already exist in the market (innovative)
    • Have minimum savings of about £1,270 in your account for 28 days consecutively
    • Own a viable business that has growth prospects
    • Apply for the Innovator Founder visa in 3 months after receiving an endorsement letter
    • Not partner with an already existent company

    Apply for a UK Innovator Founder Visa

    Turkish entrepreneurs applying for a UK Innovator Founder visa from Turkey must follow the below steps:

    Step 1: Be Eligible

    You must first fulfil the qualifying requirements before you can apply for the UK Innovator Founder visa. Once you are certain that you fit the requirements, you need to draft a well-detailed business plan.

    You could be having trouble getting your application off to a good start at this point, let alone creating a comprehensive business plan. Our immigration lawyers at Total Law are always ready to assist you. They can help you assess your situation, and know how innovative, viable, and scalable your business is.

    They will also know if you are eligible to apply for the visa and help you craft a compelling comprehensive business plan that will be presented to the Home Office-approved endorsing bodies. Call us today on +44 (0)333 305 9375 or message us online for immediate assistance.

    Step 2. Seek an Endorsement

    After ensuring that you are eligible, you must then submit your comprehensive business plan to a relevant endorsing body to be endorsed. Your business concept will be assessed to know if it is innovative, viable, and scalable.

    The endorsing body will also verify your source of funds to know if your business is funded through illicit or unexplained wealth. Thereafter, they will assess you to know if you deserve to be granted the Innovator Founder visa.

    Step 3. Get the Endorsement Letter

    If the business you want to establish in the UK meets all the criteria, you should receive an endorsement letter from the endorsing body in about 2 weeks to 1 month after applying for an endorsement.

    Step 4. Submit Your Visa Application

    After getting your company’s letter of endorsement and assembling the necessary documents, you have to apply online using a specific form for a UK Innovator Founder visa and send it to the Home Office. It could take up to 2 weeks to finish this process. After submitting your online application for an Innovator Founder visa, you will also need to provide your identification information.

    You can submit your biometric information (fingerprints and photos) at a visa application centre, or you can use the “UK Immigration: ID Check” app to scan your identity documents. However, you will be advised of the verification option that best suits your situation.

    Step 5. Pay the Visa Application Fee

    When you have submitted your application and proved your identity, you are required to pay the Innovator Founder visa application fees so that the Home Office can process it.

    Step 6. Get a Decision on Your Visa

    When you are granted the Innovator Founder visa in the UK, you will be permitted to enter the country and establish your business for 3 years.

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      Requirements for an Innovator Founder Visa

      Turkish entrepreneurs must meet several requirements to qualify for an Innovator Founder visa. The requirements you must meet include:

      Business Plan Requirement

      One of the most important UK Innovator visa requirements is that Turkish entrepreneurs must have a business plan to back up their aim of establishing a business in the UK. You must have either created the idea of the business or have immensely contributed to it.

      Additionally, you must prove that you will participate in the day-to-day running of the business to implement the business plan and that you will schedule a minimum of two meetings (typically 12 and 24 months after obtaining the visa) with the endorsing body at regular intervals to give an account of the progress you have made running the business. You must either be the only founder or a key player on the founding team.

      Innovator Founder Visa Financial Requirement

      To obtain an Innovator Founder visa, you are required to show that you have a minimum of £1,270 in your account. This specifically must have been in your savings account for 28 days consecutively before your application date.

      Knowledge of English Requirements

      Turkish entrepreneurs are required to meet the English language proficiency requirement to obtain an Innovator Founder visa. You must:

      • Be a citizen of an English-speaking country.
      • Show your English language test which proves that you can read, write, speak, and comprehend the English language to the B2 level on the Common European Framework of Reference for Languages (CEFR) scale.
      • Have a degree taught in the English language.
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      If You’re Not Eligible for an Innovator Founder Visa

      You can opt for the Self-Sponsorship route if you do not meet the criteria of the UK Innovator Founder visa. Turkish entrepreneurs can apply to work in the UK for their own company using the Self-Sponsorship route without requiring a UK Sponsor. This visa combines both a Worker Sponsor Licence and a Skilled Worker visa.

      Furthermore, as a Turkish entrepreneur, you and your dependents may be granted British citizenship after obtaining a settlement or ILR status in the UK. Self-sponsorship saves a lot of time and effort by doing away with the requirement for an endorsing body’s letter of endorsement.

      It also removes the chance that the visa could be revoked as a result of a withdrawn endorsement. Additionally, it is also a lot easier because the applicant’s Self-Sponsorship company can be any kind of business and doesn’t have to meet the standards of being innovative, viable, and scalable. Although the Self-Sponsorship route has strict standards, it frequently has less difficulty than the Innovator Founder route.

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        How Long You Can Stay in UK under Innovator Founder Visa

        Turkish entrepreneurs holding a UK Innovator Founder visa will be permitted to enter and remain in the UK for up to 3 years. This same period of stay is also granted to applicants seeking to convert to that visa from within the UK. You can also apply to extend this visa for an additional 3 years or apply for Indefinite Leave to Remain (ILR).

        Processing Time for UK Innovator Founder Visa

        Turkish entrepreneurs may obtain a decision on their Innovator Founder visa application in 3 weeks after applying online and proving their identity. But it typically takes about 8 weeks for you to get a decision on the visa if you want to extend it from within the UK.

        Application Fees for Innovator Founder Visa

        Overview

        Turkish entrepreneurs applying for an Innovator Founder visa from Turkey are required to pay £1,191 and a biometric information fee of about £19.20. but if you want to renew the Innovator Founder visa from within the UK, you must pay £1,486.

        But if you are applying from within the UK to renew or switch to the Innovator Founder visa, you will pay £1,486. You are also required to have about £1,270 in your account for 28 days consecutively.

        You may also pay the following fees when applying for the visa. They include:

        • Consular fees
        • Legal fees
        • Endorsement fee
        • Healthcare surcharge
        • Translation fees

        Keep in mind that when applying for an Innovator Founder visa, you must pay your application fee and those of any dependent coming with you to the UK. You must pay the application fee separately for each of your dependents.

        To avoid making wrong or incomplete payments that may delay your visa application, it’s best to seek expert guidance from an immigration adviser. Our immigration advisers at Total Law can advise you on the latest updates regarding application fees and other costs involved in obtaining an Innovator Founder visa UK. Call us today on +44 (0)333 305 9375 or message us online for immediate response.

        Healthcare Surcharge

        Turkish entrepreneurs applying for Innovator Founder visa are required to pay the healthcare surcharge to access the UK’s National Health Service during the online application. You are required to finish the payment within 30 minutes and return to continue your online application.

        You are required to pay £624 yearly for the healthcare surcharge through your debit or credit card. Each family member entering the UK with you must pay a separate healthcare surcharge as well.

        Indefinite Leave to Remain as an Innovator Founder

        The Innovator Founder visa leads to Indefinite Leave to Remain in the UK. The Indefinite Leave to Remain (ILR) otherwise known as settlement in the UK allows its holder to stay in the UK for the foreseeable future.

        You can qualify to obtain ILR after running your business for up to 3 years in the UK on an Innovator Founder visa, provided your innovative business is successful and you meet all the requirements. With the ILR status, you will be free to enter and leave the UK as many times as you like.

        Additionally, you will be free to live, study, work in the UK, carry out business activities and enjoy other rights British nationals are entitled to. Once you get ILR in the UK, you can apply for British citizenship after 1 year.

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          How Can Total Law Help?

          The process of applying for an Innovator Founder visa from Turkey could be overwhelming considering all the requirements and documents you need to provide. As a Turkish entrepreneur, you must meet the eligibility criteria and prove to an endorsing body that your business is innovative, viable, and scalable.

          The whole process of obtaining this visa may be overwhelming if you’re applying for the first time. Our immigration lawyers can help you create a comprehensive business plan tailored to the business you wish to establish in the UK to the standard acceptable by the endorsing bodies.

          For this reason, you can reach out to our professional immigration lawyers at Total Law who can apply on your behalf and guide you throughout your application stages. Call us today on +44 (0)333 305 9375 or message us online for a quick response.

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                    Frequently Asked Questions

                    The Innovator Founder visa is typically valid for 3 years after which you can apply for ILR, provided you meet the requirements. Whereas a Start-up visa is only valid for 2 years and does not lead to ILR. You can switch to an Innovator Founder visa from a Start-up visa to stay for another 3 years, thereby making the total stay up to 5 years and then apply for ILR in the UK.

                    An endorsement for the Innovator Founder visa is a comprehensive letter written by an endorsing body to the Home Office regarding your business plan, stating that they are satisfied with your business concept. It must also state that your business has been assessed against innovation, viability and scalability and that you have met all the criteria. You must add this letter to your application to seek the Innovator Founder visa.

                    It typically takes about 15 days to get a decision on your submitted visa application.