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DUBAIUAE, July 16, 2022 /PRNewswire/ — The UK has a long history of innovation in science and technology. It ranks fourth on the Global Innovation Index, and its government continues to put massive efforts into elevating innovation and research within its borders.
It is, then, only logical for the country to want to attract the globe’s best and brightest, offering various routes of entry into the UK to ply their innovative trade. This approach was best highlighted by the launch of the UK Innovator Visa, as there is no room to misinterpret its main objective.
After a slow start, the UK’ Innovator Visa finally got into its stride, as applications rose a staggering 330% year-on-year between 2019 and 2020. The number continued to grow in 2021, and if past data is any indication, the number of applications will continue to grow.
However, as popular as the Innovator Visa is, there are various other routes for the world’s best professionals to consider when looking to immigrate to the UK, such as the Start-Up Visa, or the High Potential Individual Visa. This article will take a A closer look at the options available in the UK, and how they differ from each other.
The Innovator Visa
The premise of the innovator visa is simple, those who meet these requirements can apply for a residence permit (leave to enter) in the UK:
- Be willing to set up and run an innovative business (meaning a business not available in the UK market yet) on UK shores
- Obtain an endorsement letter from a government-approved endorsement body
- Have enough money to reside in the UK without access to public funds
- Invest 50,000 GBP into the business
- Be over 18, and
Full story available on Benzinga.com
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