Hi I'm Tom Bradford. In this video, we're going to look at the three easiest
success criteria for indefinite leave to remain in the UK under the innovative
visa. This is also relevant for the startup visa because when you eventually
get to the settlement point you'll need to switch the innovative visa after two
years you'll need to also think about these and plan ahead for them. So let's
make it a start and before I do, please feel free to subscribe for updates on
the innovative visa and startup visa and my other videos on residency programs
internationally and also you can feel free to contact me you can message me on
whatsapp or email my contact details are just below so let's make a start on the
first two criteria that most of my clients rely on so the settlement
success criterion are here it's there's seven of them and you need to meet at
least two of them to qualify for indefinite leave to remain after three
years and the most straightforward ones are that you invest 50 thousand in your
business and that has to be actively spent furthering the business plan
assessed in your initial endorsement. So what we will do if you're my client will
sit down together at the beginning of the process look ahead look at your
business plan and which are the endorsed of all elements of your business plan
into which you will be investing the qualifying 50000 so typically my clients
will be spending more than 50000 in their in their businesses especially
over the three-year period but we'll need two together identify the tranche
and identify that tranche of spending of fifty thousand pounds that we're relying
on for the purposes of the settlement criterion and then we can then plan
ahead and I can provide an advice at the end of the process to the effect that it
is that it is satisfied. Now the other success criterion is that
you will engage in significant research and activity and you and you will apply
for intellectual property protection in the UK. Now I've said in some of my other
write live streams and videos on this that a copyright and Trademark isn't
sufficient in my view also a patent from many clients for example in relation to
software it's quite difficult to obtain but often simply not possible in
relation to software specifically and since most people and this routine most
certainly most of my clients will have software related offerings which is the
source of their innovative contribution to the UK you will want to add elsewhere
and the place to look is generally for a design of registerable design so that
linked to your research and development in your product in the UK and a design
can be registered over a relatively brief brief period within a month or so
certainly and most of my clients are developing something a unique and
innovative that will have a user interface of some kind whether it's a
b2b business or b2c and it will be that design that will be protectable as part
of your intellectual property in the UK so that together with your R&D in the
process of developing that product I would qualify for the success criterion
and would meet these a second success criterion but there's also another one
which are going to come to now and that's this that if in any event you did
not want to rely on the 50,000 having been invested and for any reason you had
not in registered your intellectual property the third criterion which is
most relevant to many people is a number of the businesses 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 main
products or services so there's a lot of elements compacted within this
definition within this criterion the main point in the first point is that
you've doubled your the number of your customers within the first three years
in respect of your UK business so if you have three at the beginning of the three
years and you have sick her customers by the end but then you
will have doubled that but the second. So relatively
straightforward one might say but the second element is that they are
currently higher than the mean number of customers for other UK businesses
offering comparable main products or services. So I just wanted to give an
example to illustrate this so the client who's doing something very specific in
the finance and trading space finance platform for traders and it's focused on
a particular international market. Now if you look at comparable business
businesses UK businesses alone then he has actually very few competitors in the
UK there's only two or three. Now how do you work out what the mean number of
customers is in respect of those other UK businesses well in his case the
business runs off advertising and so one can see off the back of their digital
assets concerned and in this case websites and the platforms how many
people are advertising on them and therefore get a reasonable idea and
estimation of the number of customers they have and therefore because it's a
very specific niche he's he is able or will be able to show that he has gone
beyond the mean number of customers in respect of comparable UK businesses
because that's that very small pool and in that case you can make a reasonable
determination as to how many customers they have of course that information may
be commercially sensitive is likely to be commercially sensitive in some other
areas but in in some areas particularly Malaysians digital it is possible to
determine that and therefore to fulfill more than two criteria you only need to
satisfy two though and all of this will form part of our planning process if I'm
working with you to apply under these visas or indeed any other main business
in duration routes for the UK I hope this
was helpful as I say if you would like to contact me I'd be very happy to speak
with you I have a free consultation service and you can contact me either by
what's up on social media or by email I hope this video was useful if it was
feel free to subscribe to click the notification bell and I will see you in
the next video.