The entrepreneur category is for those applicants who wish to invest in the United Kingdom by setting up or taking over, and being actively involved in the running of one or more businesses in the United Kingdom.The Tier 1 (Entrepreneur) visa category can apply to the main applicant as well as their immediate family members, including spouse and children under the age of 18. The entrepreneur visa is initially granted for three years but there’s an option for it to be extended for another two years. Applicants in the first category are eligible to apply for British citizenship after they have spent a period 6 years in the country, while those who create ten jobs or achieve an annual turnover of at least £5 million a year are eligible to apply after 5 years of residence in the UK.
Eligibility : The UK follows a point based system, and hence for a successful entrepreneur visa application, applicants need to score sufficient points on a points-based assessment.These points are based on a number of factors like the funds that are available to the applicant for investment purposes, their English Language ability and whether they have enough money for their living costs in the UK (maintenance).
Requirements: Applicants must score at least 75 points for their attributes which also vary with whether it is an initial or an extension application. Also required are 10 points for English language as well as 10 points for available maintenance (funds). If an applicant does not score a minimum of 75 points for their attributes and 10 points for English language and 10 points for available maintenance (funds), the application will be refused.
Application Process :Step 1: Online points based calculators are available for applicants to complete a self assessment and find out if they are likely to score enough points. Applicants can use these to ensure before applying that their applications will not be rejected on the basis of the points. Step 2: Visit the UK visa services website and download all the required forms for an entrepreneur visa application. Applicants can also find a list of supporting documents required for the application. Step 3: Applicants need to take or send their forms, fee and supporting evidence to the visa application centre. Biometrics is also required at the visa application centre. It needs to be ensured that all the supporting documents are submitted with the application as any evidence provided after a decision has been reached will not be considered. Once granted entry clearance as an entrepreneur from outside of the United Kingdom, an applicant shall be able to live and work in the United Kingdom for a period of three years. As the end of these three years approaches, the applicant will need to apply for an extension of the entrepreneur visa
While making an initial application, there are a number of requirements that an applicant must fulfill. Their funds (amounting to at least £200,000) must be:
In order to show and highlight the opportunities that exist for Chinese businesses, students and travellers in Canada, Minister of Canadian Citizenship and Immigration Chris Alexander is currently travelling to Hong Kong and Shanghai.
You can apply for a Tier 1 (Entrepreneur) visa if:
The eligibility to apply to an entrepreneur visa to the UK is based on a point assessment system. You have to show the availability of at least £200,000 as funds that are
In case one person cannot show for the amount of funds that are required for applying for an entrepreneur visa, they can form an ‘entrepreneurial team’ with one other Tier 1 (Entrepreneur) applicant and share the same investment funds. You and your team member must meet all the application requirements and:
The amount you have to pay for a Tier 1 (Entrepreneur) visa depends on a number of factors, like where you are and how you apply.
|Who you apply for||Applying online or by post||Applying in person outside UK|
|Self (residents of Turkey or Macedonia)||£1,125||£889|
|Dependents||£1,180 for each person||£944 for each person|
With a Tier 1 visa you can live and work in the UK for a maximum of 3 years and 4 months. As the end of this period approaches, you can apply to extend the visa for another 2 years. If you switch from another visa category, you can get an extension for 3 years. Once you have completed 5 years of living in the UK, you can also apply for settlement.
When applying for a Tier 1 visa, the documents that you will need to provide are:
You’ll need to provide a certified translation of any documents that aren’t in English or Welsh.
The following evidences are considered sufficient proof of the availability of the required funds when applying for a Tier 1 visa
In case of funding from a third party other than a UK entrepreneurial see funding company or if you have had the money for less than 90 days before your application, the following need to be submitted:
As evidence that you can support yourself during your stay (maintenance), you must prove that you have enough personal savings for the purpose. Depending on where you apply from, the requirements are:
As the end of your Tier 1 visa period approaches, you can apply to extend your visa, provided that your current visa has not yet expired. For this, you must: -
Generally, a decision on an extension application is made within 8 weeks. But can take longer in case an application is complex. Eg.
You can apply to switch to the Tier 1 (entrepreneur) visa if you meet the eligibility requirements for it and are already in the UK under one of the following categories:
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