Here’s what you need to know:
The Tier 1 Entrepreneur visa provides an excellent opportunity for individuals with entrepreneurial and business skills to gain entry to the UK. It is for those who starts a business, invests in a business or takes over an existing business in the UK; Tier 1 Entrepreneur Visa can lead to settlement/Permanent residency in the UK and then British citizenship for yourself and your dependants if you all qualify the criteria; You normally invest at least £200,000 if applying outside the UK; Additionally, in your application, you must show you have funds to support yourself and each dependant using money that has been accessible to you for at least the past 90 days;
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Video on Tier 1 Entrepreneur Visa
Tier 1 Entrepreneur Visa
We are a specialised UK immigration law firm.
Today I want to talk to you about the Tier 1 Entrepreneur visa.
This Visa provides an opportunity for people with business skills to gain entry to the UK for themselves and their dependent family member subject to the UK immigration rules.
An entrepreneur is someone who starts their own business or invests in a business. In the case of a Tier 1 Entrepreneur Visa, it is someone ready to invest in the UK and open a business or take over an existing business.
In order to qualify for this visa, you will need a cash investment of £200,000 for money held in a regulated financial institution. You could also qualify under £50000 route subject to relevant immigration rules. You will also need minimum funds held in your name to support yourself and your dependants, proof of fluency in English, a valid business opportunity, and clearance for standard UK immigration criteria.
The two areas that often catch applicants are the funds for support, and proof of a valid genuine business opportunity.
Number 1: funds of support- You cannot rely on public funds under this visa, and you need to show that you’ll be able to support yourself and your dependents.
As of the publication of this video and if you are applying from outside the UK then you need £3,310 for yourself and £1,890 for each dependent maintained always and at least for 90 days.
Number 2: genuine business opportunity- You must be able to show that your business idea is valid through market research, financial figures, and a professionally developed business plan. The Home Office will also look for previous business experience and personal credentials so be sure to include any documentation that will support your application – more is better!
Your business must be one that can create at least 2 full time jobs for UK settled workers that last at least 12 months.
On a separate note, you will also have to pay immigration healthcare surcharge for yourself and your dependants at the time of your application.
Once your application is approved, you will get a maximum up to 3 years 4 months Tier 1 Visa, and your dependents will get dependant visa in line with your visa.
After an initial Tier 1 entrepreneur visa You could qualify for a FURTHER 2 years extension.
Once you have lived in the UK for 5 years, you could qualify for Indefinite Leave to Remain also known As Settlement/ permanent residency.
Moving forward you could qualify for your British Citizenship.
I hope this overview of the Tier 1 Entrepreneur Visa has been helpful.
If you have any questions or require assistance regarding Tier 1 Entrepreneur Visa, please contact us, our contact details are at the bottom of this video. We’re here to help.
A Y & J Solicitors’ Review
A Y & J Solicitors helped me with my T1 Entrepreneur out of time application and it was approved, after my first application (which I did myself) being rejected. The team is hardworking, professional and fully updated with the knowledge and insights of the UK immigration matters. I highly recommend A Y & J Solicitors to whom in need of applying for the right of residence in the UK.
We hired A Y & J Solicitors first for our appeal and then for making fresh application for entrepreneur visa. Mentioned to us by a friend A Y & J Solicitors is a highly competent group of people who are truer than any other solicitor I have met. They have excellent knowledge about the application processes and work impressively as a team. A Y & J Solicitors are very approachable and very very thorough in their work. Since even a tiny error in the process would result in the refusal these days it is important to have someone making sure that even the tiniest of errors do not exist. Also important is that A Y & J Solicitors did not misuse the opportunity to earn money from us for the sake of it (like most solicitors do). They simply refuse to take the money until the correct documents were available. Very very honest and that gave us the complete trust in them. I would highly recommend anyone to A Y & J Solicitors.
We feel that A Y & J Solicitors personally helped us in every step of obtaining Entrepreneur Tier 1 Visa. Our dealing with A Y & J Solicitors were in friendly atmosphere and we felt that Mr Yash and his associates Frances were prepared to use their expertise and experience to the fullest extent to enable us to achieve Entrepreneur Tier I Visa . We were impressed by the attention given to every point of detail in our application by A Y & J Solicitors team especially Frances and Shareena. I can confirm from personal experience that A Y & J Solicitors consist of highly knowledgeable, and excellent in client service. I am absolutely sure that A Y & J Solicitors and their associates are the best consultant for UK Entrepreneur Tier 1 Visa. I am glade that I select YD VISAS for my application of Entrepreneur Tier 1 Visa and with their best client service and superb knowledge in Immigration law, we are have the visa within very limited time frame. I must say thanks to A Y & J Solicitors and their associates, Regards Syed Imran