logo
logo
Sign in

Requirements For Innovator Visa Isle of Man

avatar
Globalimmigrationhelp12
Requirements For Innovator Visa Isle of Man

If you planning to apply for an innovator visa, then you can do that in the below-listed conditions:

1.  You have the desire to establish or run a business in the Isle of Man.

2.  You satisfy the other eligibility requirements.

3.  Your business or your business idea has been endorsed by the Department for Enterprise of the Isle of Man Government.

4.  You are required to have a minimum of £50,000 in your investment funds to apply for an Innovator visa if willing to establish a new business. You are not required to have funds if your business is already set up and it has been endorsed for an earlier visa.

Getting endorsed:

In the Isle of Man, the Department for Enterprise is the only endorsing organization for the Business Migrant route as in Appendix X of the Isle of Man Immigration Rules. Besides that, this organization bears the responsibility for issuing the Letter of Endorsement that an applicant needs to support their visa application.

Eligibility criteria:

Before applying for this visa, you are required to have your business idea or business evaluated by the Department for Enterprise. If finding your business viable, it will provide you with an endorsement letter.

Other requirements are:

You need to fulfill the English language eligibility criteria

Your age is required to be at least 18

You need to be able to prove that you have sufficient personal savings to support yourself when you are in the Isle of Man

You have to read the specific requirements for the innovator visa in the Isle of Man Immigration Rules before you apply for an Isle of Man innovator visa.

Required documents:

When applying for this visa, providing a Letter of Endorsement issued by the Department for Enterprise of the Isle of Man Government is a must.

You are also required to provide the following items:

·       Provide the authority with a current passport or other valid travel identification

·       Give bank statements that prove that you have had a minimum of £945 in your bank account for 90 consecutive days before applying (it is the proof showing that you can keep yourself, and it must be separated from the money from your investment fund)

·       Evidence that you meet the English language eligibility criteria

·       Proof, if you are establishing a new business, of your investment funds

·       Your tuberculosis results if you are from a country where this test is a must-have

Don’t forget to have a blank page in your passport for your visa.

You must provide the authority with a certified translation of your any documents that are not in English.

You may be required to provide extra documents if your circumstances require them.

 

collect
0
avatar
Globalimmigrationhelp12
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more