Tier 1 Entrepreneur Visa UK
The Tier 1 Entrepreneur Visa category will end on the 29th March 2019, to be replaced by the Innovator Visa. Call us today on 0744 8077 407 to discuss your options.
Who is the Tier 1 Entrepreneur Visa for?
Prospective Entrepreneurs, from non-EEA countries or Switzerland, wishing to enter the UK to start a business should use the Tier 1 Entrepreneur Visa. This option is for those who plan to take over a company that is already trading. Applicants will need to be actively involved in the running of the business or businesses in the UK and have the option to set up the business as a sole trader, partnership or UK registered company. The Tier 1 Entrepreneur Visa allows the applicant to ultimately apply for Settlement and then lead to a British passport.
To successfully obtain the entrepreneur visa, the applicant must:
- Have access to £200,000 – this could be their own funds or from a third party or
- Have access to £50,000 via a seed funding competition, UK government department or a venture capital firm
- Meet the English language requirement
- Hold the adequate maintenance funds for the main applicant and any dependents applying with the applicant
- Be a Genuine entrepreneur- You must demonstrate that you intend to set up a viable business in the UK. This home office will take into account, previous qualifications, experience and credentials.
Once you are able to demonstrate the requirements the initial visa is granted for a period of 3 years.
How do I extend my Tier 1 Entrepreneur Visa?
The option to extend (Tier 1 Entrepreneur Visa Extension) for up to two years is available, however, the application for the visa or extension is very complex so we recommend getting advice from an immigration expert as you are required to demonstrate that your business plan has been successful. The list of documents required in support of your application is very complex. Call us on 0744 8077 407, complete the online contact form or email us at info@Dsichambers.co.uk.
What is it that makes meeting the requirements for extending your Tier 1 Entrepreneur Visa so difficult?
The extension requirements and rules for a Tier 1 Entrepreneur visa are very complex as the applicant is required to collect ongoing evidence during the initial grant of the visa. One example is that the Entrepreneur is expected to demonstrate, via Real Time documents, how 2 jobs have been created throughout the 3 year period; and the jobs are required to last for a minimum of 12 months. These jobs could be made up of full-time or equivalent part time jobs.
We assist our clients with ongoing support to prepare them for the extension as refusals are not unusual for common errors made during the application process. Call us on 0744 8077 407, email info@Dsichambers.co.uk or complete the online contact form for a free call back.
How we can help
As a leader in the field of Immigration we have successfully made applications for Entrepreneur Visa’s, building long term relationships with our clients to ensure the strict rules and requirements of the Tier 1 Entrepreneur Extension are being met and demonstrated adequately. Our fees are fixed with no hidden charges, making the process as smooth and straight forward as possible. Our Tier 1 Entrepreneur package includes
- initial consultation to discuss requirement
- eligibility audit and assessment
- completion and submission of your application
- document checking and submission
- full legal representation
- a full business plan
- liaising with the Home office throughout the whole process to take the hard work off your hands
Our services include:
- Market Research and assessment of your business idea
- Development of a Business plan
- Setting you up with an accountant
- Introduction to business advisors
- Assistance with flights, accommodation and transfers
UK Immigration rules are complex and challenging which is why we work to our client’s best interest and understand what is at stake.
Fill out the form and one of our immigration experts will be in touch.
To be eligible for a Tier 1 Entrepreneur Visa:
- You must have access to at least £50,000 investment funds, which need to be:
- Held in one or more regulated financial institutions
- Free to spend (disposable) on the business in the UK
- You must meet the English Language requirement
- You must be able to support yourself during your stay
- Be over the age of 16
- You must score a total of 95 points from the above conditions of the points-based system.
- You must also pay the NHS surcharge
There are different eligibility requirements depending on whether you have access to funds of £50,000 or £200,000.
If you have access to £50,000 in investment funds from one or more of the following:
- A UK government department making funds available for the purpose of setting up or expanding a UK business
- A UK Entrepreneurial seed funding competition endorsed by the Department for International Trade (DIT)
- A Venture capital firm registered with Financial Conduct Authority (FCA)
If you have access to £200,000 in investment funds, you can apply for a Tier 1 Entrepreneur Visa so long as you can demonstrate, that the money is held in the UK and is either:
- Your own
- In a joint account with your partner or spouse (so long as the partner is not making an application for a Tier 1 Entrepreneur Visa.
- Made available to you by a third party such as a partner, spouse or investor.
You can also apply if you have already invested £50,000 or £200,000 into a UK business within the 12 months before you make your application.
The funding rules are different if you are changing (switching) from another visa, or if you have already had a UK visa.
You may be able to switch to a Tier 1 (Entrepreneur) visa.
You should apply before your current visa expires.
You can apply to switch to this visa if you meet the eligibility requirements and you’re already in the UK under one of the following categories:
- Tier 1 (General)
- Tier 1 (Investor)
- Tier 1 (Graduate entrepreneur)
- Highly Skilled Migrant Programme
- Tier 2
- a visitor who has been carrying out permitted activities as a prospective entrepreneur
You can also switch from one of the following categories if you have specific types of funding:
- Tier 1 (General)
- Tier 4
The Entrepreneur Visa interview is one of the most vital parts of the Entrepreneur Visa process. As one of the most competitive visa routes, the interview requires a great deal of preparation.
At the Entrepreneur Visa interview, you should prepare for your business to be scrutinised. Before attending your Entrepreneur interview, it is crucial that you have an extensive understanding of your business plan. You will need to demonstrate that you know what your forecasts and margins are and that your business is both feasible and lucrative.
- set up or take over the running of one business or more
- work for your business, including being self-employed, but you should check your work meets the conditions of being self-employed
- bring family members with you
- do any work outside your business, for example work where you’re employed by another business
- get public funds
Your family members (‘dependants’) can come with you when you come to the UK on this visa. Your family members must have a visa if they’re from outside the European Economic Area (EEA) or Switzerland.
A ‘dependant’ is any of the following:
- your partner
- your child under 18
- your child over 18 if they’re currently in the UK as a dependent
Contact Dsichambers on 0744 8077 407 for advice on the Entrepreneur interview.
The Tier 1 Entrepreneur Visa is one of the most commonly refused visa applications. As an applicant, your business plan will be scrutinised, both on paper and during your Entrepreneur Visa interview.
At Dsichambers, our team of highly-trained immigration specialists will be able to advise you on the correct procedures, preparation and backing documents that you need when applying for a Tier 1 Entrepreneur Visa. They will:
- ensure that your business plan is as detailed and comprehensive as it needs to be;
- ensure that you are properly prepared for your Entrepreneur Visa interview;
- liaise with the Home Office during your application;
- prepare a Letter of Representation. This letter references your case and its merits as well as referencing any relevant UK immigration laws in support of your Tier 1 Entrepreneur Visa application;
- perform an extensive document check to ensure that they are sufficient for your application; and
- complete your application form to the highest standard.
We can also help you if you have received a Tier 1 Entrepreneur Visa refusal and would like to know about your right of appeal.