Tier 1 Entrepreneur Visa Extension

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 0207 887 1916 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 020 7887 1916, complete the online contact form or email us at info@alexandraspencer.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 0207 887 1916, email info@alexandraspencer.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.

FAQs

In order to be eligible for a Tier 1 Investor Visa you must:

  • Have £2,000,000 investment funds
  • Be over 18
  • Be able to prove the money belongs to you, your spouse or partner
  • Have opened a UK bank account

Your funds need to be:

  • Held in one or more financial institutions, held in the UK or overseas
  • Disposable or free to spend in the UK

Students with financial support may be able to apply for a Tier 1 Investor visa is you are already in the UK:

  • On a Tier 4 (General) visa
  • As a student nurse
  • Writing up your thesis or re-sitting an exam
  • As a postgraduate doctor or dentist
  • A student sabbatical officer
  • An overseas nurse or midwife

As long as you invest in an active, UK business, you will be fulfilling your responsibilities as a Tier 1 Investor Visa holder.

On a Tier 1 (Investor) Visa you can:

  • Invest £2,000,000 or more in UK government bonds, share capital or loan capital in active and trading UK registered companies
  • Study or work
  • Apply to settle after three years if you invest £5,000,000
  • Apply to settle after two years if you invest £10,000,000

You can’t:

  • Get public funds
  • Invest in companies mainly engaged in property investment property management or property development
  • Work as a professional sportsperson or sports coach

You can’t work as a dentist or doctor in training unless one of the following applies:

  • You have a primary degree at bachelors level or above in medicine or dentistry from an approved UK institution that holds a Tier 4 sponsor license; or a UK listed or recognized body
  • You worked as a doctor or dentist in training during your last visit to the UK

These conditions were not part of a previous visa’s terms or conditions.

If your application has been refused you have the right to a review within 28 days and you are able to appeal the decision within 10 working days. However, there will be no guarantee that your appeal will be successful.

If you have had a visa refused contact one of our immigration experts who can advise on your eligibility and assist you with the appeal process.

After having invested £2,000,000 you can apply for Indefinite Leave to Remain (ILR) after five years lawful residence. If you invest £5,000,000 you may apply for ILR after three years residency, and if you invest £10,000,000 you can apply for ILR after two years of lawful residency.

One of our immigration experts will arrange a free consultation with you, at the office or at your chosen location using whatever medium suits you; face to face, social media, skype or over the phone. We will run through your investment options and advise on the best course of action. Once satisfied we will start your application process, checking through your documentation to ensure satisfactory submission; as well as including a Letter of Representation in support of your application, highlighting the merits of your case. You can rely on us to liaise with the Home Office through the whole process and aid you to obtain the best outcome.