Tier 1 Entrepreneur
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Tier 1 Entrepreneur Visa
Currently it is not available for new applicants, but it can be extended, switched to and family members can join the applicant in the UK
You can apply to extend your visa if you:
- registered as a director or as self-employed no more than 6 months after the date you were given permission to stay in the UK under a Tier 1 (Entrepreneur) visa;
- can prove you’ve been self-employed, a member of a partnership or working as a director of a business 3 months before you apply;
- intend to continue operating one or more businesses in the UK; and
- do not intend to take employment other than under the terms of paragraph 245DE of the Immigration Rules;
- created at least 2 full time jobs that have existed for at least 12 months;
- can continue to support yourself.
You must have invested into 1 or more UK businesses either:
£200,000 in cash
£50,000 in cash
The amount depends on the level of funds your initial application was based on.
You should include any dependants who are on your current visa on your application to extend – including children who have turned 18 during your stay.
What Our Clients Say About Us
Jasbir Mann
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Legal Master gives very good service for immigration matters. They helped me and my partner to obtain Tier1 entrepreneur visa. The process with them was very smooth and quick. I strongly recommend them as their service is very reliable, good value of money and high creditability.
Switch to this visa
You may be able to switch to a Tier 1 (Entrepreneur) visa within the UK if:
- you’re on a Tier 1 (Graduate Entrepreneur) visa
- you switched to a Start-up visa from a Tier 1 (Graduate Entrepreneur) visa for your second year
To meet the eligibility requirements for a Tier 1 (Entrepreneur) visa, you must have:
- £50,000 in funds to spend in the UK;
- a viable business plan, setting out the proposed business activities in the UK and how you expect to make your business succeed”. It should definitely be as detailed and comprehensive as possible as it is the core of the application.
You must apply before your current visa expires.
You can stay for 3 years if your application to switch is successful.
You can switch to this visa from outside the UK if you have:
- a valid Tier 1 (Graduate Entrepreneur) visa;
- a valid Start-up visa, and you switched from a Tier 1 (Graduate Entrepreneur) visa for your second year;
- a Tier 1 (Graduate Entrepreneur) visa that expired less than 12 months ago;
- a Start-up visa that expired less than 12 months ago, and you switched from a Tier 1 (Graduate Entrepreneur) visa for your second year.
Maintenance
You must show that your dependants can be supported while they’re in the UK.
Each dependant must have a certain amount of money available to them – this is in addition to the £945 you must have to support yourself. The amount depends on your circumstances. You must have £1,890 for each dependant if you’ve been in the UK for less than 12 months. If you’ve been in the UK for more than 12 months, you must have £630 for each dependant.
You must have proof you have the money, and that it’s been in your bank account or your dependant’s bank account for at least 90 days before you or they apply.
The Immigration Health Surcharge (HIS):
This is the charge that an applicant for a Tier 1 Entrepreneur Visa is required to pay that goes towards their use of the National Health Services [‘NHS’] in the UK.
This is generally £400 per year per person – so each dependant will be required to pay this also.
You’ll pay half of the yearly amount if your application includes part of a year that is less than 6 months.
You’ll pay for a whole year if your application includes part of a year that is more than 6 months.
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Our office is very conveniently located in the City of London with a walking distance from underground stations (Chancery Lane, Holborn).
Tier 1 Entrepreneur Visa: Language Requirements
You will need to prove your knowledge of the English language by either passing a Home Office approved English Language Test (at least CEFR level B1); or by having an academic qualification that was taught in English and is recognized by UK NARIC as being equivalent to a UK Bachelor’s degree, Master’s degree or Ph.D.
If you are from a majority of English speaking countries, you are exempt from this requirement. You will not need to prove your knowledge of English if you’re a national of one of the following countries: Antigua, Barbuda, Australia, the Bahamas, Barbados, Belize, Canada, Dominica, Grenada, Guyana, Jamaica, New Zealand, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, USA.
Requirements of Tier 1 Entrepreneur Visa – The Do’s & Don’ts
What you can do:
Set up or take over the running of one business or more;
Work for the business you specified in your application, including being self-employed;
Bring your family members with you as dependants;
What you can’t do:
You will not be permitted to work outside your business, i.e. be employed by another business;
You are not permitted to access public funds.
What should your Tier 1 Entrepreneur Visa Business plan include?
A Tier 1 Entrepreneur Visa business plan is compulsory when applying for a Tier 1 visa, and this will be a vital document when making your application. The main purpose of your Tier 1 Entrepreneur Visa business plan is to communicate how successful and attainable your business idea is to the Home Office. 1: Executive Summary
An executive summary should be at the beginning of your Tier 1 Entrepreneur Visa business plan, this should provide a snapshot of what your business plan contains. For example; you could use your executive summary to speak about key points, focus on your unique selling point, and relevant data related to your business.
2: Company Information/Description
This section should focus on any information about the company, the industry, the present outlook and future. If you are opening a franchise or an existing organisation; try to speak about the history, profits and revenue and any other relevant information.
3: Marketing Strategy
This should look at your market in detail, focus on the industry, competitors, and market performance. Your Tier 1 Entrepreneur Visa business plan should focus on your competitors; try to compare your business to potential competitors, analyze their strategies, and look at their strengths and weaknesses.
4: Management And Operations
This section will show how your business will function, in this section discuss logistics, your background, experience and the necessary training needed for staff
5: Financial Implications
Show how your aims and objectives can translate into measurable goals. Include the costs of running your business, a profit and loss forecast, budget and pricing.
6: Risk Management
Consider any risk associated with your business, any licences that need to be obtained and authorities that need to be contacted.
7: Conclusion
Conclude all your findings in your Tier 1 Entrepreneur Visa business plan, focus on the opportunity, the key strengths of the business, and why it will be successful.
8: References
List the resources that you used to collect information for your business plan. This will show that you used reliable sources and that you are genuinely interested in starting your new venture.
9: Appendix
Include supporting documents such as bank statements, contracts, cash flows and anything that can support your business plan.
In general business plan must include:
- Your background including previous experience and qualifications in interrelated industries
- Management / financial summary and analysis
- Business objectives
- Service or product description
- A competitive analysis of the market
- SWOT analysis
- Marketing strategies
- Operating activities
- Legal requirements
- Premises
- Cash flow forecasts
- Management and staff structure
- Relevant appendices
- Professional registration and licenses
Settlement
- You should have 5 years of continuous leave in the UK, counted from time your initial application was approved.
- You cannot have had more than 180 days’ absence from the UK during any consecutive 12 months of the qualifying period. You will need to list details of your absences from the UK, including the reasons of these absences, no specified evidence to support this is required.
- You have invested at least £200,000 (or £50,000 if you were awarded points for £50,000 funding or investment in your last grant of leave) in cash directly into one or more UK businesses.
- You have created at least 2 full-time working places for settled employees in the UK.
- You are required to show that you have knowledge of life and language in the United Kingdom before you can be granted (unless you fall under an exemption). You can demonstrate this by passing both the Life in the UK Test and holding an English speaking and listening qualification at level B1 or above (please note: both Academic and General training are acceptable).