The Tier 1 Graduate Entrepreneur route is designed specifically for migrants who have been endorsed by their universities as having credible business ideas that will be beneficial to the United Kingdom. To apply for a Tier 1 Graduate entrepreneur visa, the following must apply:-
Endorsement: - The first phase of the Tier 1 Graduate Entrepreneurship process begins with the applicant been endorsed by his university. Please make sure you university has been endorsed and is recognized by the UKBA for participating in the Tier 1 Graduate Entrepreneur Scheme. Universities that are involved in this are called participating institutions.
Participating institutions would normally have their internal laid down process of determining qualification. These procedures would have normally been endorsed or okay’d by the Home Office. This is usually the criteria for them been accepted under this scheme
Endorsement is usually takes the form of an endorsement letter written by the University stating their endorsement of the applicant for the Tier 1 General application.
The next step after endorsement is to apply for the Graduate Entrepreneur visa. In your visa application, you will normally include proofs that you have completed your study, have passed and been awarded.
In addition to the above mentioned, you will also need to show that you meet the maintenance requirements. This means that you must have kept at least the sum of GBP 945 in your personal bank account for a minimum of 90 days. Please note that the sum above quoted above (GBP 945) is correct as at the time of writing this piece and is only applicable for in-country application.
For out of country applications you will need the sum of GBP 11,890 to be held in your personal bank account for 28 days. In addition, you will also need to pay the new HIS fee. Note also, that these figures are only correct as at the time of writing this webpage.
It is important to note also, that your endorsement letter must be used within three months from the date it was issued.
Also, your dependants who may already be in the UK can also switch to depend on your visa; as dependants of a Tier 1 Graduate Entrepreneur.
|Tier 1 Graduate Entrepreneur Extension|
|Switching into Tier 1 Graduate Entrepreneur|
|Dependant of a Tier 1 Graduate entrepreneur migrant|