What is a Prospective Entrepreneur visa category?
interested in entering the United Kingdom with the intention of setting up a UK
business may apply for a visa under the Prospective Entrepreneur category. This
may include prospective entrepreneurs who are yet to secure funding for their
new business, and entrepreneurs currently under consideration for funding by a
recognised British financial body or a government department. There are also
cases where formal discussions and agreements reached with venture capitalists
or financial institutions in the UK can open the door to a Prospective
Entrepreneur visa eligibility.
What are the eligibility requirements for Prospective Entrepreneurs?
order to apply for a visa under the Prospective Entrepreneur pathway,
legislation states that the applicant must:
the genuine intention to enter the United Kingdom for entrepreneurial purposes
for a maximum period of six months.
able to provide supporting documentation from the UK government department or
recognised financial institution supporting their application.
their intention to exit the UK prior to the expiration of their visa, or switch
to a Tier 1 (Entrepreneur) visa to extend their stay.
sufficient finances to accommodate and maintain themselves for the duration of
their stay in the UK.
pursue funding for their entrepreneurial project while residing in the UK.
Are there any forbidden activities for Prospective Entrepreneurs?
There are also several activities and undertakings
the prospective entrepreneur must not participate in during their stay, which
- Attempt to secure employment in the United Kingdom
- Intend to provide services or produce goods in the UK
- Enroll in a course with a UK educational provider
- Apply for an entrepreneur visa before reaching 18 years of age
- Enter into a civil partnership or marriage
- Access free public healthcare on the NHS
- Be in transit to a country outside the common travel area
What is the Length of Stay for a Prospective Entrepreneur visa category?
prospective entrepreneur visas are granted for a maximum stay of six months.
submitted on the basis of interest from venture capitalists should be made from
outside the UK, while ensuring that the venture capitalists are fully
FCA-regulated. Please note that successful applicants are unable to apply with
dependants and have no recourse to public funds. There is no requirement to
meet the minimum English language level to qualify for a Prospective
Entrepreneur visa. However, applicants must pass a recognised English language
test if they choose to switch to a Tier 1 (Entrepreneur) visa to extend their
can be done without exiting the United Kingdom, though there is no allowance
for individuals residing in the UK on other visa categories to switch to a
Prospective Entrepreneur visa.
Entrepreneur Visa Lawyers in Luton
you have a viable business plan and require legal support to set up your
business in the United Kingdom, we can help. Aristone Solicitors specialises in
bespoke business immigration services for existing and prospective
entrepreneurs alike. We’ll ensure your application is backed by all the
supportive documentation deeded to ensure a prompt and positive outcome.
planning ahead or already in the process of applying for a prospective
entrepreneur visa, we’d be delighted to hear from you. Contact one of our UK
business immigration experts today to book your obligation-free