The UK government has announced changes to its visa system, allowing holders of the Innovator Founder visa to apply for indefinite leave to remain after three years of residence. This update streamlines the process for entrepreneurs and business founders seeking long-term residency.
The new policy confirms that individuals who have successfully established and managed a business in the UK under the Innovator Founder visa can now apply for permanent residency after three years, rather than the previous five-year requirement. The change aims to attract and retain skilled entrepreneurs by reducing the time needed to gain permanent status.
This adjustment follows a broader effort to reform immigration policies and support innovation and economic growth. The Innovator Founder visa was introduced in 2021 to encourage entrepreneurs to set up businesses in the UK, with the goal of fostering innovation and job creation. The revised rules are expected to make the UK a more attractive destination for international business leaders.
