by B&F services Administrator | Category TIER 1 ENTREPRENEUR VISA
Through the Tier 1 Entrepreneur visa, the UK is actively supporting non-EEA nationals to consider entrepreneurial opportunities within the UK.
If you are looking to start a business in the UK, with so much at stake, it is important to seek legal advice to understand the migration options open to you, to ensure your case is effectively represented to the authorities and to avoid any delays with your application.
A Tier 1 Entrepreneur visa will allow you to set up or take over the running of one business or more. You can work for your own business as a self-employed individual, provided the work meets the criteria for being self-employed. You can also bring family members and dependants with you.
Tier 1 entrepreneur frequently asked questions
- Am I eligible for a Tier 1 Entrepreneur visa?
- You are eligible to apply if you satisfy the following criteria:
- You want to run or set up a business in the UK.
- You are from outside the EEA and Switzerland.
- You are at least 16 years old.
What will I need to show to apply?
As part of your application you will need to demonstrate:
- You have access to at least £200,000 investment funds to apply.
- You have the skills, qualifications, and experience necessary to establish a viable business in the UK.
- You have an acceptable command of the English language.
- You have sufficient funds to cover your initial costs after relocating to the UK.
If you are switching into the Tier 1 Entrepreneur category from the Tier 1 Graduate Entrepreneur category, or if your investment funds come from an FCA-registered venture capital firm investment or UK government department, the investment threshold is reduced to £50,000.
Do you need some advice in relation to the Tier 1 Entrepreneur Changes 2016?
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What you need to know
Under a Tier 1 Entrepreneur visa, you can come to the UK for a maximum of three years and four months.
During this initial three-year period, you will be required to establish a business (or multiple businesses) in the UK, invest the full £200,000 (or £50,000), and create at least 2 full-time jobs for resident workers that exist for at least 12 months.
You can apply to extend this visa for another two years if you are already in this category and three years if you are switching from another category.
You may be able to apply for Indefinite Leave to Remain after five years in the UK. In the event that you create 10 new full-time jobs for resident workers, or if your business achieves a turnover of £5 million, you may be eligible to apply for Indefinite Leave to Remain after 3 years.
As a Tier 1 Entrepreneur visa holder, you are not allowed to carry out any work outside of your business or be employed by another business. Also, you cannot claim UK public funds.
Tier 1 Entrepreneur Visa UK