{"id":41402,"date":"2023-03-24T14:14:48","date_gmt":"2023-03-24T10:14:48","guid":{"rendered":"https:\/\/www.savoryandpartners.com\/?p=41402"},"modified":"2023-04-17T17:16:55","modified_gmt":"2023-04-17T13:16:55","slug":"explore-uks-business-immigration-routes-innovator-start-up-and-expansion-worker-visas","status":"publish","type":"post","link":"https:\/\/old.savoryandparnters.com\/blog\/explore-uks-business-immigration-routes-innovator-start-up-and-expansion-worker-visas\/","title":{"rendered":"Explore UK\u2019s Business Immigration Routes: Innovator, Start Up, and Expansion Worker Visas"},"content":{"rendered":"

The United Kingdom is home to the world’s fifth-largest economy and one of the world’s most dynamic markets. It has a GDP of $2.67 trillion, and its economy has grown an impressive <\/span>7.6% and 4% in 2021 and 2022,<\/span><\/a> respectively. It is no surprise, then, that various ambitious entrepreneurs throughout the globe put the UK on their business bucket lists.<\/span>\u00a0<\/span><\/p>\n

Thankfully, for those entrepreneurs looking to establish or expand their business in the UK, the English-speaking nation has no shortage of enticing business immigration routes; namely, the <\/span>UK Innovator<\/span><\/a>, Start-Up, and Expansion Worker visas.<\/span><\/p>\n

The UK Innovator Visa<\/strong><\/em><\/h3>\n

The UK introduced its Innovator Visa in 2019 as a replacement for <\/span>the <\/span>now-closed Tier 1 Entrepreneur Visa to boost its private sector and elevate the country’s innovative start<\/span>–<\/span>up scene, which is already quite impressive as the <\/span>UK ranks 4th on the Global Innovation Index<\/span><\/a>.<\/span>\u00a0<\/span><\/p>\n

The Innovator Visa allows investors with a new idea (new to the UK market) to apply for residence in the UK. The visa is quite popular due to its simplicity and the UK’s Small and Medium Enterprise (SME) positive environment.<\/span><\/p>\n

The UK\u2019s Quest For Innovative Immigrants<\/strong><\/em><\/a><\/p>\n

SMEs account for a staggering <\/span>99.2% of the total business population in the UK<\/span><\/a> and are responsible for <\/span>52% of the country’s total business turnover<\/span><\/a>. Highlighting the government’s focus on nurturing smaller businesses, which makes it an excellent option for entrepreneurs looking to establish their companies. This is made even more accessible through the Innovator Visa.<\/span><\/p>\n

The Innovator Visa’s requirements are simple, as an applicant must:<\/span>\u00a0<\/span><\/p>\n