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.
Thank you.
share this
In 2015, the Migration Advisory Committee (MAC) released a report into the Tier 1 Entrepreneur Visa. It highlighted concerns about…
Mr V is a PhD graduate and founder of an amazing UK business. He was recently given the opportunity to invest funds totalling £200,000 into his UK business, and he needed to qualify for a Tier 1 (Entrepreneur) visa in…
"I’m so grateful to A Y & J Solicitors for their help with my UK visa application. A big thank you to Imad for guiding me through the process so smoothly. He was always patient, clear, and supportive, making everything so much easier. Highly recommend their services to anyone needing visa assistance!"
"Great service , very knowledgable , professional and strait forward , NO hidden fees , special thanks to Nagina for her great service and support during the application, and thanks for AY&J team and top managment. I Highly recommend them! Thank you!"
"As an employer doing a skilled work visa for one of my team for the first time, I was very worried at the start with selecting the right team to deal with. Everyone at the team here responded quickly, got everything done as they said they would do. Would highly recommend :)"
"I have worked with AY&J Solicitors specifically AMY on matters relating to immigration, they helped with all areas, from gaining a sponsorship licence, applications relating to COS, and visas, all of which have been successful. I personally would recommend their services as I find they are extremely helpful and give are willing to answer your calls very quickly which is extremely helpful. more importantly they know what is required and take all the pressure away from you. easy process, you want to succeed then take my advise and hire AY&J Solicitors"
"I had the pleasure of working with Aileen and Todd for my ILR application, and I couldn’t be more pleased with my experience and the outcome. From the very beginning, they were extremely thorough and responsive. Thanks to their expertise and dedication, my application was handled extremely efficiently, and I am thrilled with the smooth running of the entire process which can be quite stressful to do on your own. Highly recommend!"
"Incredibly grateful to our caseworker Mr. Imad and A Y & J Solicitors for their exceptional support and expertise in handling my visa case. Their team guided me through every step of the process with professionalism, patience, and thorough knowledge of immigration laws. They were always available to answer my questions and provided clear advice that made the process smooth and stress-free. Thanks to their hard work, I successfully received my visa, and I couldn’t be happier with the outcome. I highly recommend A Y & J Solicitors to anyone seeking reliable and efficient immigration services. They truly go above and beyond for their clients."
