Changes to the Tier 1 (Entrepreneur) Immigration Rules

On 7th December 2018, it was announced that the Tier 1 (Entrepreneur) Scheme will see some major changes in 2019 as it is likely to be replaced with an ‘Innovator-type’ visa.

The Government is keen to acknowledge that foreign entrepreneurs continue to play a key role in creating jobs and driving economic growth, both vital to the prosperity of the UK.  However, in the future, the Home Office intends to build upon the successes of the current Tier 1 (Graduate Entrepreneur) route, expanding it for more experienced business people ensure that the UK can benefit from a wider pool of overseas talents who are looking to establish new businesses in the UK. Prospective applicants will need to be endorsed by either a business or higher education institution sponsor.

The ‘Innovator’ visa will replace the current Tier 1 (Entrepreneur) route and place a similar emphasis on endorsement by a business sponsor, who will assess applicants’ business ideas in terms of innovation, viability and scalability. These reforms will be introduced in the spring and will ensure the UK remains a world-leading destination for investment and innovation.

Contact Our Investment Immigration Experts

For expert advice regarding any aspect of the Tier 1 Entrepreneur visa category, or assistance in the planning and preparation of your Tier 1 Entrepreneur visa application,  please contact our investment immigration team on 0203 384 3075 or contact us here.

The content of this article is for general use and information only. Since each case should be prepared on its own merit and in light of the constant amendments to the Immigration Rules, it is important to note that the information provided must not be relied upon unless Migra & Co has either given written consent or has been officially engaged in relation to a specific immigration matter. As a result, Migra & Co will take no responsibility for any damage, cost or loss resulting from relying on the information contained in this article, blog and website.

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