24 Jun Why should Chinese entrepreneurs invest in the UK?
A Tier 1 (Entrepreneur) visa is for those wishing to set up or take over a business (or businesses) in the UK that they will be actively involved in running. Applicants must invest over £200,000 of funds and generate two full-time jobs in order to meet the basic requirements. The Tier 1 (Entrepreneur) visa is quite popular because the UK is one of the leading business locations in the world, which has both a rich and diverse market with world-class industries.
As the new powerhouse of the global economy, China has built a strong relationship with the UK. China now presents the UK’s sixth-biggest export market so that joint business ventures are highly encouraged between these two countries, giving entrepreneurs unique cross-country opportunities. The UK is one of the easiest places to set up and run a business, while it has the most business-friendly tax system, inspiring Chinese entrepreneurs to come and exploit the market.
In a joint statement, the UK Prime Minister David Cameron and Chines President Xi Jingping said that they were committed to create ‘a global comprehensive strategic partnership for the 21st century.’ These two countries will deepen and widen business links continuously in the future and create increasing number of opportunities for talented entrepreneurs. However, the Home Office has strict standards to verify whether the entrepreneur is genuine. Therefore, the fully preparation of business plan and deep understanding about the UK market are extremely significant for the application.
If you are currently concerned about applying for Tier 1 (entrepreneur) visas, please do not hesitate to contact us on +44 20 3384 3075 or via email [email protected] for advice.