Why UK

 In 2018, 675,000 non-British nationals moved to the UK.

 Top 20 country for starting a business, you can start a business in 4.5 days.
 Corporation tax rate is 18%
 Personal income tax of £12,500 is tax free
 Children in the UK between the ages of five and sixteen are entitled to a free place at
a state schools.
 The UK has relatively high numbers of migrants in comparison to other EU countries,
but has neither the highest in absolute terms nor the biggest share of migrants in the
population.
 Economic and labour market factors are a major driver of international migration and
work e.g. there were 6,714 greenfield projects, more than anywhere in Europe in
2018.
 Language, study opportunities, and established networks are all factors that encourage
people to migrate to the UK.

Over 45,000 tech start-ups were launched across the UK in 2019, representing 6.6 per cent
of all company formations – the equivalent of more than five new tech start-ups launched
every hour.

 Do you have an idea that is innovative and scalable?

 Do you want to set up your business in the UK?

UK Innovator visa and Start up visa was launched on 29th March 2019 to welcome
entrepreneurs with innovative business ideas to set up their businesses in the UK.

Key highlights

Innovator Visa Start-up visa

 Min. investment of £ 50,000  No min. investment
 Settlement in 3 years  Allowed to work while you build your
 Pathway to citizenship business
 Switch to Innovator visa

*The SmartMove2UK is a division of SmartMove Immigration

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The Innovator visa category is for experienced businessperson who are desirous of
establishing a business in the UK.

The funds required for this category are £50,000.

The Innovator visa category is a 2 stage process;

Stage 1: The applicant is required to get endorsement from an endorsing body. These could
be private or governmentally regulated bodies; and
Stage 2: Entry Clearance

At Stage 1 the endorsing body would assess the applicant on 3 aspects;

1. Innovation – must provide an original business plan substantiating market
requirements and competition of the applicant in the UK.
2. Viability – must have the necessary skill set, experience and knowledge of the
market and domain.
3. Scalability – must demonstrate that the business would create potential jobs in the
UK and enforce growth in the market.
For the abovementioned purposes, the applicant is required to prepare Business Plan,
concept notes and other supporting documents they are also required to have £945 for a
period of 90 consecutive days in your bank account towards maintenance funds. Whilst £
50,000 is required for the investment funds in the business.
Once the Entry Clearance is granted, the applicant is required to submit a progress report to
the endorsing body at an interval of 6 months. The endorsing body in turn will file the same
with the Home Office.

English Language requirement

Applicants need to evidence meeting English language requirement to CEFR Level B2.

The Entry Clearance for this visa application is granted for a period of 3 years. At the Further
Leave to Remain stage the applicant can apply for an accelerated settlement and gain
Indefinite Leave to Remain. This depends upon various requirements like progress, growth,
job creation etc. However, if the applicant does not seek accelerated settlement then he can
apply for an extension which would be granted for a period of another 3 years.

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Applicants in the Innovator category will be able to apply for settlement (Indefinite Leave to
Remain) after three years provided they are able to show they meet at least two of the
following requirements:
 At least £50,000 has been invested into the business and actively spent furthering the
business plan assessed in the applicant’s previous endorsement.
 The number of the business’s customers has at least doubled within the most recent
three years and is currently higher than the mean number of customers for other UK
businesses offering comparable products or services.
 The business has engaged in significant research and development activity and has
applied for intellectual property protection in the UK.
 The business generated annual gross revenue of at least £1 million in the last full year
covered by its accounts.
 The business has generated annual gross revenue of at least £500,000 in the last full
year covered by its accounts including at least £100,000 from exporting overseas.
 The business has created the equivalent of at least 10 full-time jobs for resident
workers.
 The business has created the equivalent of at least 5 full-time jobs for resident
workers, which have an average salary of at least £25,000 a year (gross pay,
excluding any expenses).
For all visa applications as part of the enhanced health screening process, migrants who will
be in the UK for more than 6 months [on any visa category] will be required to undergo pre-
entry TB Test, in support of their application.
Please note that all services provided by the VFS and Home Office are subject to change
without prior intimation. Applicants are required to comply with all existing rules at the date
of submission of the application.

Typical costs

Particular Govt. fee The Smartmove2UK fee Duration

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 Applying to Will vary by £ 950 [applying to up 6 - 8 weeks
endorsing bodies – endorsing
to 5 endorsing bodies
up to 5 body
selected
Preparing business plan – £ 1,950 -
external consultant

Apply for entry clearance INR 4 – 6 weeks

£1,021
[only on 150,000
obtaining
endorsement]
Entry clearance for £1,021 INR 4 – 6 weeks
dependents – each 95,000
applicant
Health surcharge £400 ~ £ 1200 per -
per person per year – application
will be refunded if the
application
does not go through
TB Test – for each ~ INR 1,750 -
applicant

*our fees do not include Govt. Fees, GST @18%. All applications are on a best effort basis.

The government fees and Immigration Health Surcharge fees are subject to change without
notice. Our professional fees will depend upon the complexity of the case.

SmartMove Immigration can also provide in-country support including:

 Services of accountants for book keeping and taxation to keep accounts, manage
filings, process tax payments, payroll, VAT filing from £ 250 per month depending on
turnover in UK.
 Support to identify properties for rent
before travel to the UK – London and
surrounding areas – request a quote

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  Assistance in opening bank accounts for companies/individuals – request a quote
 Identifying potential businesses for acquisition
 Conducting due diligence on the identified businesses and providing reports on the
prospects
 Filing applications for extension/naturalization and British Passport – request a quote

*Fee quotes and services are indicative and actual pricing may vary