Tier 1 Entrepreneur
Our London-based team of dedicated consultants have successfully helped applicants in the UK and abroad to obtain their Tier 1 Entrepreneur visas by offering professional and competent immigration advice in all fields of global immigration.
The Tier 1 Entrepreneur visa enables you to live and work in the UK without the need for a UK sponsor or an arranged employment. As an Entrepreneur you can establish or take over a business in the UK, but you will also need to be actively involved in the day-to-day management. This business venture must form your only employment.
Requirements under the Tier 1 Entrepeneur visa
Under this UK visa category you will have to show that you have access to funds of no less than £200,000 which are held in one or more regulated financial institutions and disposable in the United Kingdom. Leave to enter/remain under the Tier 1 Entrepreneur visa category is normally granted for an initial period of three years. In the first six months, you must make the full investment which will lead to the employment of two settled individuals.
The Prospective Entrepreneur visa sub-category introduced in 2011 enables applicants to come to the UK to seek funding or to create a team for a business idea. The applicants will have to show that they have access to £50,000 and that a venture capitalist, a Government Department or a seed company is committed to providing a further £50,000 for their proposed business.
Fast Track to Settlement in the UK
As an added incentive, successful entrepreneurs who create 10 jobs for resident workers or have a turnover of £5 million will be able to qualify for settlement on completion of 3 years in the UK.
Absences
The UK Government recognises that business people and entrepreneurs might be discouraged by the strict residence criteria for settlement in the UK whereby migrants are expected to spend 9 out of 12 months in the UK. The rules will now be relaxed to allow maximum absences of up to 180 days per year for those under the UK Entreprenur visa category.
How we can help?
Are you an entrepreneur looking to invest in the UK and require assistance with your Entrepreneur visa application ? Contact us now to discuss your circumstances.
