This blog will be of great value to you if you want to migrate to the Isle of Man as a business migrant. It is because it will let you know about the innovator visa. Attaining this visa will allow you to migrate to your desired place and run your business there. So, let’s know the requirements for this visa and the conditions.
Conditions:
The following are the conditions under which you can apply for the innovator visa:
1. If you desire to set up or run a business in the Isle of Man, then you can.
2. If you satisfy the other eligibility requirements, then you can.
3. If the idea of your business or your business has been endorsed by the Department for Enterprise of the Isle of Man Government, then you can.
Note: You need to have a minimum of £50,000 in your investment funds if desiring to set up a new business. You are not required to have funds if your business is already set and has been endorsed for an earlier visa.
Requirements:
Before applying for the Isle of Man innovator visa, the Department for Enterprise must evaluate your business or business idea.
It will give you an endorsement letter if your business is found viable.
Other eligibility criteria:
You have to fulfill the English language eligibility criteria.
Your age must be at least 18.
You must prove that you have sufficient personal savings to keep yourself when you are in the Isle of Man.
It is a must for you to read the specific requirements for the innovator visa in the Isle of Man Immigration Rules before applying for this visa.
Required documents for the innovator visa:
The following are the documents you need to submit:
When applying, provide a Letter of Endorsement which is issued by the Department for Enterprise of the Isle of Man Government.
You are also required to submit:
Submit a current passport or other valid travel identification.
Give your bank statements that show that you have had at least £945 in savings in your bank account for 90 consecutive days before applying (this is the proof showing that you can keep yourself, and it must be separated from the money of your investment fund).
Evidence of having fulfilled the English language requirements.
Proof of your investment funds (if desiring to set up a new business).
Don’t forget to show your tuberculosis test results if coming from a country where this test is mandatory.
You must have a blank page in your passport for your visa.
Give a certified translation of any documents that are not in English.
You are required to give additional documents depending on your situation.
