In order to be eligible for the offers, you must instruct us using the same email address used during the sign-up for the newsletters.
The email address must remain the same and used to liaise until the matter closure.
You will be eligible for a 10% discount on your total conveyancing costs, once you sign our client care letter.
You will be eligible for a Free Will only when your conveyancing matter file is closed and the bills for the same are cleared.
Though Aristone carry out regular checks to confirm your eligibility, this may not always be practicable or possible and consequently we urge all clients to claim their free Will and 10% discount off Conveyancing fees by emailing the appropriate case handler with a print screen of the news letter subscription.
Please enter your email address:
Covid-19 business update
Business Updates:*
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
Tier
1 Entrepreneur visas can be extended where the applicant meets several key
requirements outlined in UK business immigration legislation. Along with
fulfilling all necessary requirements to qualify for a Tier 1 Entrepreneur
visa, they must also create jobs in the United Kingdom, invest a certain amount
of money in their business activities and reside in the United Kingdom for
several years.
Most
initial Tier 1 Entrepreneur visas are granted for a period of three years,
after which an extension may be granted for an additional two years. This
ensures the applicant meets the general five-year residency requirement to
apply for settled status.
Please note that the success or otherwise of your Tier
1 Entrepreneur extension application will be determined almost entirely on your
activities and undertakings throughout your initial three-year period the UK.
The following requirements during this time having been outlined by the Home
Office:
You
must establish and formerly register or purchase a business in the UK no later
than six months after the approval of your visa.
Minimum
investment amounts of £200,000 of £50,000 apply, in accordance with the source
of the funds and the applicant’s previous visa status.
At
least two full-time jobs should be created for two settled persons in the UK
for a minimum of one year each.
Under
the points-based system, the applicant is required to earn a minimum of 75
points to qualify for a Tier 1 Entrepreneur visa extension.
Investment of at least £200,000 (or £50,000 in some
cases) = 20 points awarded
Most
applicants are required to provide evidence of an investment totalling at least
£200,000 in one or more businesses in the UK. In the case of a director’s loan
being used to fund the business, a valid director’s loan agreement must be
submitted as evidence. In order to avoid complications, it is essential that
the date on the director’s loan doesn’t precede the date of the first
transaction.
It’s
also important to note that the Home Office only considers funds invested
during the three years after the
initial Tier 1 Entrepreneur application acceptable. All financial records
submitted as evidence must be formalised by a registered accountant with
recognised supervisory body membership. If the accountant is not registered
and/or regulated, the evidence submitted may be deemed unviable.
Moreover,
it must be evident that the applicant has made a genuine business investment
with the intention of building or taking over and subsequently running a UK
business. The source of the funds used to finance the business may also be
scrutinised, including who provided the funds, when they were provided and so
on.
Registration as self-employed or director of a
business = 20 points awarded
In
order to qualify for an extension, the applicant must have registered as a
self-employed worker or become the registered director of a business no later
than six months after entering the United Kingdom with a Tier 1 Entrepreneur
visa. Evidence of eligibility under these
terms can be provided by way of:
Self-employment
registration with the HMRC; or
Company
house business registration of the new business the applicant is the director
of; or
Registration
as a director of an existing business; or
Once
again, at least one of these requirements must be fulfilled no later than six
months following your formal entry to the UK. This is defined as:
The
date you entered the United Kingdom under the Tier 1 Entrepreneur scheme, where
there is evidence to indicate your exact date of entry; or
The
date your entry clearance to the United Kingdom was granted under the Tier 1
Entrepreneur scheme, where there is no evidence of your exact date of entry; or
The
start date of the leave to remain you were granted in all other cases.
Engaged
in Business Activity = 15 points awarded
Qualification
is also dependent on the applicant demonstrating that they are still involved
in business activities at the time of their application. Nevertheless, it isn’t
necessary for the applicant’s current business activity to be related to the
same business they started or took over under their original Tier 1
Entrepreneur visa. Evidence is simply required that the applicant has engaged
in business activity throughout their stay and remains engaged at the time of
their application for an extension.
Job
Creation = 20 points awarded
The
business activities of the applicant must have created a minimum of two new
jobs for two settled persons for a minimum of one year. Evidence of job
creation can be submitted by way of contracts, pay slips and general evidence
of working hours. Please note that the terms and conditions outlined in the
employment contracts your employees sign (number of hours, general contractual
terms etc.) may affect their viability as acceptable evidence.
In
instances where the initial leave was granted prior to April 6, 2014, the
applicant for a Tier 1 Entrepreneur visa extension may qualify upon meeting the
following requirements:
Job creation of one full-time
position for two years
Job creation of one full-time
position for 18 months and a second for six months
Job creation of four full-time
positions for six months each
Maintenance
Requirements for a Tier 1 Entrepreneur Extension Application
Maintenance
refers to the available finances the applicant must both have and provide
evidence of, in order to qualify for a Tier 1 Entrepreneur visa extension. In the vast majority of instances, the Home
Office requires the applicant to have a minimum of £945 in personal savings held
for at least 90 consecutive days at the time of their application.
Other Important Information
As
you will have already proven your English language skills to qualify for a Tier
1 Entrepreneur visa, there is no requirement to submit further evidence when
applying for an extension.
If
you have any dependants who intend to remain with you for the duration of your
extension, it is essential that they are mentioned/included in your
application. This is particularly important where any child dependants reached
the age of 18 years during your initial state.
Individuals
under the Tier 1 Entrepreneur scheme are forbidden from seeking conventional
employment of any kind and must not attempt to claim benefits under any
circumstances. They may also be required to register with the police and
provide evidence of sufficient medical cover for the duration of their stay.
To
ensure your case is fairly considered, consult with an experienced immigration
specialist prior to completing and submitting your application.
Tier 1 Entrepreneur Extension Lawyers in Luton
The
UK Home Office is becoming increasingly selective when granting both initial
Tier 1 Entrepreneur visas and subsequent extensions. It’s therefore essential
to ensure that your application is submitted with complete and compelling
evidence to support your case. As even the slightest errors and oversights
could compromise your eligibility for an extension, we strongly recommend
seeking professional legal support.
Whether
planning ahead or already in the midst of a Tier 1 Entrepreneur visa extension
application, we can help. Aristone Solicitors understands the complexities of
business immigration applications and the importance of facilitating an
agreeable outcome. We’d be delighted to provide you with an obligation-free
consultation, during which we’ll discuss your case and create an appropriate
plan of action.
Contact
a member of our trained legal team today for more information.
The Tier 1 Entrepreneur visa is designed for individuals planning to start a UK business from scratch, take over an existing business or invest in a business they are already involved with in some way. The most important requirement to qualify for a Tier 1 Entrepreneur visa is access to a minimum of £200,000 (£50,000 […]
Britain boasts a diverse and open economic landscape, which welcomes talented workers and skilled individuals from all over the world. In order to further their growth and development, British businesses are constantly on the lookout for talented new recruits at home and abroad. Unfortunately, the process of bringing overseas talent to live and work in […]
Tier 1 Entrepreneur Visa The Home Office in the United Kingdom introduced the Tier 1 Entrepreneur Visa for existing and prospective entrepreneurs interested in establishing, investing in or taking over businesses based in the UK. The most important requirement to satisfy in order to qualify for a Tier 1 Entrepreneur Visa is the provision of […]
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We are still open for business
Covid-19 business update: We are still open for business
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
Brexit
Call us to discuss on below trending topics:
Ankara Agreement Set to End with Brexit on December 31 – read more
Application process and deadline dates for EU Settlement Scheme
Travelling to the EU – What you need to do to travel to Europe from 2021
Continue living and working in the EU – What you need to do to stay in the UK
Other
Call us to discuss about:
Writing a Will: Considerations in Times of Crisis – read more
UK Innovator Visa Overview and Eligibility – read more
What to do when someone has died?
Guidance for visa applicants in the UK and abroad
Got a question?
We are glad that you preferred to contact us. Please fill our short form and one of our friendly team members will contact you back.
Covid-19 business update: We are still open for business
We’d like to take this opportunity to reassure you and our loyal clients that Aristone are operating as usual following Government guidelines.
We have made changes to ensure that we can continue to provide you with the high quality services you expect from us. Our staff have been briefed and we have put the appropriate measures in place to assist with mitigating any risks. Our contingency plans are robust and have been proved to be effective over the last few weeks, and we continue to deliver our services to you.
Learn more about our exclusive services we offer to businesses impacted by Covid-19:
In order to be eligible for the offers, you must instruct us using
the same email address used during the sign- up for the newsletters.
The email address must remain the same and used to liaise until the matter closure.
You will be eligible for a 10% discount on your total conveyancing costs, once you sign our client care letter.
You will be eligible for a Free Will only when your conveyancing matter file is closed and the bills for the same are cleared.
Though Aristone carry out regular checks to confirm your eligibility, this may not always be practicable or possible and consequently we urge all clients to claim their free Will and 10% discount off Conveyancing fees by emailing the appropriate case handler with a print screen of the news letter subscription.
Subscribe to our newsletter for a FREE WILL, and get 10% off Residential conveyancing fees*,