Tier 1 (Entrepreneur) visa:
Tier 1 (Entrepreneur) visa is granted to non-EU/EEA migrants (European Union (EU) and European Economic Area (EEA)) who want to invest in the UK by establishing or acquiring a business or being actively involved in operating a business in the UK. After the visa holders successfully operate in the UK for five years, they along with their families can apply to settle in the UK.
Tier 1 Entrepreneur
The Tier 1 (Entrepreneur) category is for those Applicants investing in the UK by setting up or taking over, and being actively involved in the running of one or more businesses in the UK, who have access to either 200,000 or 50,000.
Applicants are permitted to make an initial application for leave to remain as a Tier 1 (Entrepreneur) migrant where already in the UK with permission to remain in specific categories (Tiers 1, 2 and 4).
INITIAL APPLICATIONS
Applicants investing 200,000 will need to demonstrate:
ApplicantsĀ and dependents over 18 years old must provide an overseas criminal record certificate for any country where there has been continuous residence for 12 months or more in the 10 years prior to the application. These certificates will only be valid if issued within 6 months of the Application.
Applicants may form an entrepreneur team with one partner providing both have equal access to the same investment funds.
Applicants who have already invested 200,000 in a UK business within 12 months prior to the application may also apply.
Applicants investing 50,000 will need to demonstrate:
Applicants applying from abroad can rely on funds from a venture capital firm registered with the Financial Conduct Authority (FCA).
Applicants who have already invested 50,000 in a UK business within 12 months prior to the application may also apply.
EXTENSION APPLICATIONS
In order to extend stay in the UK as a Tier 1 (Entrepreneur), an Applicant will need to demonstrate:
SETTLEMENT IN THE UK
An Applicant may apply for settlement in the UK after a continuous period of five years under the Tier 1 (Entrepreneur) category and will need to demonstrate:
Accelerated settlement applications can be made where an Applicants business creates 10 new jobs or received at least 5 million in income from business activity over a continuous period of three years.