Tier 1 Entrepreneur Initial Application
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 evidence of at
least £200,000 in accessible funds, reduced to £50,000 if sourced from seed funding competition endorsed by
the UK TDI, or if the applicant is switching from a Graduate Entrepreneur visa.
If you’re interested in applying for a
Tier 1 Entrepreneur Visa, we strongly suggest consulting with an experienced
immigration lawyer before submitting your application. Aristone Solicitors will
provide the support you need to carefully assess your case and ensure your
application is supported by the evidence and documentation needed for a prompt
and positive outcome. However
challenging the case, we’ll do everything we can to streamline and simplify
your entry to the United Kingdom as an entrepreneur.
Tier 1 Entrepreneur Visa Overview
worldwide look to the United Kingdom as one of the most appealing markets in
which to establish and grow new businesses. One of the world’s most powerful
and prosperous economies, the UK attracts existing and prospective
entrepreneurs spanning countless industries and sectors. Nevertheless, earning the legal right to
establish and/or operate a business in the United Kingdom can be complex and
Please note at this stage that the Tier 1 Entrepreneur
scheme is open exclusively to non-EEA nationals.
the terms of the Tier 1 Entrepreneur scheme, the applicant must meet certain
requirements with regard to the nature of their business and their general
status in the United Kingdom. The legal text of the Tier 1 Entrepreneur scheme
defines a business as a sole trader, a partnership or a limited liability
company registered in the UK.
for a Tier 1 Entrepreneur visa and any subsequent extension of your leave to
remain means satisfying a variety of mandatory requirements. Particularly if your ultimate goal is to be
granted indefinite leave to remain, you need to demonstrate your current
status, your track record and your genuine intentions to the Home Office. The
information you provide and the evidence you submit from the earliest stage can
and will impact your future eligibility.
you should ensure your initial application is completed and submitted under the
supervision of an experienced immigration lawyer.
the various requirements that must be met to qualify for a Tier 1 Entrepreneur
visa, evidence of available funds is perhaps the most important. The applicant
must provide evidence of at least £200,000 in available funds, held by a
recognised and regulated UK financial institution. This minimum financial
requirement is reduced to £50,000 for some applicants, in accordance with their
current visa status and the method by which the funds were sourced.
addition, entrepreneurs who wish to be granted indefinite leave to remain (aka
settled status) are required to spend a minimum of five consecutive years in
the UK. The assumption is that such individuals have demonstrated sufficient
commitment to the British business ventures to be considered an asset to the UK
and thus may be considered for settled status. Nevertheless, it is possible to
fast-track this five-year requirement – see below for further information.
vast majority of Tier 1 Entrepreneur visas are initially granted for a period
of three years and four months, after which the individual may apply for an
extension. This provides up to two additional years of leave to remain, taking
their total period of stay in the United Kingdom to the threshold required to
apply for indefinite leave to remain.
Fast Track Options – Tier 1 Entrepreneur
are instances where an individual residing in the UK with a Tier 1 Entrepreneur
visa can fast-track their settled status. If their company generates an annual
turnover of at least £5 million for three years or creates a minimum of 10
full-time jobs for at least one year, they have the right to apply for settled
status after just three years.
Qualifying for a Tier 1 Entrepreneur Visa
basic criteria that must be fulfilled for a Tier 1 Entrepreneur visa to be
granted are as follows:
- Evidence of a minimum of
£200,000 in available funds, reduced to £50,000 for some applicants and
- The funds must be held with
a recognised and regulated financial institution in the UK and evidence
- Applicants are expected
to prove their genuine intention to establish, invest in or take over one or
more viable businesses in the UK, no later than six months following the date
- When a Tier 1
Entrepreneur visa is granted, the entrepreneur must transfer some or all of the
funds into a business bank account in the UK under their name.
- All Tier 1 Entrepreneur
applications are scrutinised in accordance with the Home Office’s Genuine
Entrepreneur Test, which seeks to establish both the viability of the business
idea and the intentions of the applicant.
Important Supplementary Information:
is not strictly necessary for the £200,000 investment funds to be yours and
yours alone. You may also provide evidence of funds sourced through third-party
investments and contributions, which may come from family members and other
investors in the UK and overseas.
it was previously acceptable to employ one person for two years to meet the Home
Office requirements for a via extension, new legislation dictates that two
full-time employment positions must be created for two separate persons.
Tier 1 Entrepreneur Visa Lawyers in Luton
complexities of the Tier 1 Entrepreneur visa application process can be
daunting for even the most experienced entrepreneurs. It’s important to
remember that the completeness of the information and evidence you provide will
play a key role in determining the outcome of your application. Prior to
completing and submitting your application for a Tier 1 Entrepreneur visa, we
strongly suggest consulting with a trained legal expert.
at Aristone Solicitors, our experience and expertise extend to all aspects of
business immigration of new and prospective entrepreneurs alike. With our help,
your case will be presented with the strong supportive evidence needed to
ensure a prompt and positive outcome.
today to arrange your obligation-free consultation with one of our business