Why The UK Governments Needs The Tier 1 Entrepreneur Visa Route

The British government has a route for entrepreneurs to enter the UK to set up a business and to live known as the Tier 1 entrepreneur visa. This visa allows the holder right to run their business or indeed take over one that is already running for 3 years and 4 months though this can be extended. It is one of the most generous of the UK's current visa programmes but why?

Wealth creation

There is little doubt that entrepreneurs create wealth, you only have to look at the likes of Uber to see the huge growth and tax revenue that can be gained by allowing entrepreneurs to flourish. The UK being a hotbed of investment also means that there are few better places for an entrepreneur to go and set up. The UK will always need wealth creators and visa programmes such as the Tier 1 entrepreneur programme show that the UK means business when it comes to entrepreneurs.

Innovation

On top of wealth creation entrepreneurs are the driving force behind innovation. This means that a country such as the UK can be at the forefront if it allows entrepreneurialism to take hold. The UK already is at the forefront of innovation and it wants to stay there, by allowing a clear space for entrepreneurs to operate they know that results will be gleaned and rarely at the risk of the country itself as companies that fail rarely cost the government anything, but the ones that succeed will bring in tax revenues.

Expertise

If a country like the UK becomes the place to be for entrepreneurs then it also means that it will be a magnet for the expertise that is required for the entrepreneurs to innovate. For instance as much of a great idea Uber was without amazing programmers it was never going to get anywhere so Uber managed to help become a magnet for some of the best programmers around. Silicon Valley was built around this idea that you can create a place that innovation happens. That idea means that all the fresh talent is drawn to that area and governments such as Britain's are keenly aware of the positive benefits that this can bring.

If you want to become one of these entrepreneurial innovators or you have an idea but just need some help get in touch. We are immigration solicitors who can ensure that you have everything that you need to make a success of your venture. To operate in the UK you will need to apply for the Tier 1 entrepreneur visa and we can help with the process by project managing your application we can ensure that it is in the best shape possible to show your potential business in its best light. So get in touch and let us walk you through how we can help and how you can best make your dream happen.