Tier 1 (Entrepreneur) Visa
The Tier 1 (Entrepreneur) category of the Points Based System is for those investing in the United Kingdom by setting up or taking over, and being actively involved in the running of one or more businesses in the United Kingdom (UK).
You must be from outside the European Economic Area (EEA) and Switzerland. You must show that you have access to £200,000 in investment funds and you must prove that the money is either your own made available to you by other people (‘third parties’), e.g. a husband, wife, partner or investor in a joint account with your spouse or partner but only if they aren’t applying for a Tier 1 (Entrepreneur) visa. The funds must be held in the UK if you’re applying for leave to remain. You can also apply if you’ve invested £200,000 in a UK business. You must have invested the funds less than 12 months before you apply.
A Tier 1 Entrepreneur visa is issued for a period of three years. if you wish to extend their visa for a further two years, you must show that you have created at least two full-time jobs or equivalent in the business and that you have invested all the investment funds into the business. You may then eventually be able to apply for Indefinite Leave to Remain after five years in the UK as Tier 1 (Entrepreneur) Migrant.
You can also apply for Tier 1 Entrepreneur Migrant Visa if you have access to £50,000 in investment funds from one or more of the following a UK entrepreneurial seed funding competition endorsed by UK Trade and Investment (UKTI), a UK government department making funds available for the purpose of setting up or expanding a UK business, a venture capital firm registered with the Financial Conduct Authority (FCA). You can also apply if you’ve already invested £50,000 in a UK business. You must have invested the funds less than 12 months before you apply. The funding rules are different if you’re changing (switching) from another visa, or if you’ve already had a UK visa.
You can speak with our Immigration and Asylum Practitioner to carry out a comprehensive assessment of your circumstances and advice you on how to make a successful application under this category.