Independent index: figures from official tariffs, not from agents
themigrationroute.com/
Get offers
The old £2M visa is closed; the active route starts from £50,000

Innovator Visa
Isle of Man

The Isle of Man government's own portal confirms it: the former Tier 1 (Investor) visa at £2,000,000 is closed to new applicants — that outdated figure often surfaces first in a search. The active business route is the Innovator Visa from £50,000, not £200,000 as some unofficial sources incorrectly state.

Get a quote →
Active threshold (Innovator Visa)
from £50,000
Former threshold (Tier 1 Investor)
from £2M — CLOSED
Initial visa term
3 years
ILR available after
3 years

A closed programme vs. the active one — don't confuse them

The same search turns up both the closed £2 million route and different, sometimes incorrect, figures for the active one.

ROUTE
STATUS
THRESHOLD
Tier 1 (Investor)
STATUSofficially closed to new applicants
previously from £2,000,000
Innovator Visa (this page) — per gov.im
STATUSactive, open
from £50,000 for a new business
"£200,000" from some unofficial sources
STATUSnot confirmed by the official portal
not the current figure for this route

What the process consists of

Investment isn't the only requirement — separate, independent proof of savings and business endorsement are also needed.

COST ITEM
AMOUNT
NOTE
Investment in a new business
AMOUNTfrom £50,000
not required if the business was already endorsed under an earlier visa
Savings proof
AMOUNTfrom £945
held for 90 consecutive days, separate from the investment funds

How the process runs

01
Obtaining a Letter of Endorsement
From the Department for Enterprise — the only endorsing body for this route.
02
Confirming English at B2 level
Or an academic qualification taught in English, recognised as equivalent to a UK degree.
03
Confirming £945 held for 90 consecutive days
Separate from the business investment funds.
04
Applying 3 months before intended travel
A decision for overseas applicants arrives within 6 weeks.
05
A 3-year visa, renewable for another 3 years
No stated limit on renewal cycles; ILR is available after 3 years.

A good fit if

You're ready to invest from £50,000 in a new Isle of Man business — not confusing it with the closed former £2 million visa.
You have a business already endorsed under the earlier route — in which case no investment funds are needed for the Innovator Visa.
You can confirm English at B2 level and £945 in savings separate from the investment.
A path to ILR after 3 years works for you — relatively fast compared with many other European routes.

A poor fit if

You're working off the closed Tier 1 Investor visa at £2 million — it officially no longer accepts new applicants.
You're working off the "£200,000" figure that appears in some unofficial materials — it isn't confirmed by the official gov.im portal for this route.
You're not prepared to obtain a Letter of Endorsement from the Department for Enterprise — a mandatory step, not a formality.
You lack confirmed English at B2 level or an equivalent qualification — the source gives no alternative to this requirement.

Who runs this programme

Your request goes to two or three firms from this list. You see exactly which ones before it is sent, and you can exclude any of them.

No matching firms in the directory for this category yet — the list is curated by hand and grows over time.

This is an independent list of firms in the market, not our partners — we do not forward requests to them or receive payment for referrals. Contact them directly via the link.

Frequent questions

Can I still apply for the £2 million visa?

No — per the available data the Isle of Man government's own portal explicitly states the Tier 1 (Investor) category is closed to new applicants; existing holders may extend their status, but new applications aren't accepted.

So is it really £50,000 or £200,000?

Per the available data the official gov.im portal states £50,000 for a new business under the Innovator Visa route; the £200,000 figure appearing in some unofficial consultancy materials isn't confirmed by this source.

Do I need funds if the business is already endorsed?

No — per the available data investment funds aren't required if the business was already endorsed under an earlier visa route.

How long is the wait for a decision?

Per the available data — around 6 weeks for overseas applicants.

When is ILR available?

Per the available data — after 3 years of residing on the Isle of Man under this route.

Sources

Isle of Man Government (gov.im) — official pages for Tier 1 (Investor) (status: "currently closed" to new applicants) and the Business Migrant Innovator Visa (the active route): £50,000 for a new business, a Letter of Endorsement from the Department for Enterprise, £945 in savings for 90 days, an English B2 requirement, a 3-year visa renewable for another 3, a 6-week decision time, and ILR after 3 years↗

Figures are for reference only. Verified against official sources on 27 August 2026. A precise quote is issued by the appointed firm after document review. This material is not legal advice, a public offer or investment advice.