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
Disclaimer: The information in this blog is accurate as of its publication date. Any updates after that date are not reflected…
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 had a great experience with my ILR application process. Everything went smoothly from start to finish, thanks to the excellent guidance and support provided by Imad and Dipanita. They were professional, knowledgeable, and always available to answer my questions, making the entire process straightforward and stress-free. I truly appreciate their assistance and would highly recommend their services to anyone applying for ILR."
"Excellent service from A Y & J solicitors from start to finish. A Y & J solicitor team is very friendly, professional, especially “Ms. Dipannita Mazumder” a big thanks to her, she always available to answer my questions throughout my visa application process. She handled my case efficiently. The whole process was explained clearly, which made everything much less stressful. Thanks to their support, my ILR was approved today successfully. I would highly recommend their services to anyone needing immigration/visa assistance in the UK."
"Elaha was very helpful and supportive! I received my visa super quickly!"
"I had the pleasure of working with Ikra and could not recommend her more highly. She is clearly very experienced: she knew exactly what was needed from the outset, gave clear and confident advice, and answered every question quickly. The speed of her work was impressive and the quality never slipped, with every document prepared to a very high standard. She kept me informed at each stage and made the whole process smooth and stress free, with a successful outcome. Highly recommended."
"I am delighted to let you know that my visa has been successfully granted! I wanted to send a huge thank you for your hard work, professionalism, and incredible attention to detail throughout this long process. Your guidance gave me so much peace of mind. I will certainly recommend your services to anyone needing immigration assistance. With immense gratitude. Preeti"
"It’s my great pleasure to write my Review for Mrs Ikra Ahmed the Immigration solicitor based in London (A Y & J Solicitors). She has dealt our case with professionalism with the home offices. She has delivered the outcome results with the time frame work for the 90 days as promised. The emails communications were clear to under. Mrs Ikra Ahmed’s return emails replies to our emails within 5 minutes. Mrs Ikra Ahmed replied to our messages within the time frame work, she never let us wait for her replies back to us. My Parents (Raju Dhar and I) has been waiting to be reunion in the UK for a very long time. Yesterday, my partner break the new to me through the video call. I never seen his face so happy with the full of enjoyment in my life. I say, I cannot stop my self to express my feelings to Mrs Ikra Ahmed that she has bring charges to our lives. Thank you"
