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.
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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.
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
Entrepreneurs
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
time-consuming.
Please note at this stage that the Tier 1 Entrepreneur
scheme is open exclusively to non-EEA nationals.
Under
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.
Qualifying
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.
Hence,
you should ensure your initial application is completed and submitted under the
supervision of an experienced immigration lawyer.
Key Requirements
Of
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.
In
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.
The
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
There
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
The
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
existing visa-holders.
The funds must be held with
a recognised and regulated financial institution in the UK and evidence
provided accordingly.
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
of entry.
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:
It
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.
Whereas
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
The
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.
Here
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.
Call
today to arrange your obligation-free consultation with one of our business
immigration experts.
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 […]
Can I switch from Tier 2 ICT to Tier 2 General dependent within the UK? Yes What is RLMT and why must it be carried out? For a business in the United Kingdom to recruit a worker from outside the EEA, it will normally be required to provide evidence that no suitable “settled worker” was […]
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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*,