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Tier 1 Entrepreneur Requirements

What do I need to be aware of before applying for a Tier 1 Entrepreneur visa?

If you want to run a business in the UK or invest into an existing one, a Tier 1 Entrepreneur visa can help you to pursue your business aspirations. The route requires investment into your target business over a period of 3 years. You will be expected to have GBP50,000 or GBP200,000 for investment into either an existing business or start up. You can use your own funds or funds from a 'third party' including 'friends', family or an investor. If your visa is approved, you will be issued with the right to remain in the UK initially for 3 years. Your immediate family members will be able to join you. You can also make a Tier 1 Entrepreneur dependant visa application for your immediate family members such as your husband, wife and children to join in you in the UK.

How much do I need to Invest to get a Tier 1 visa?

The lessor amount of GBP50,000 can be used if you secure seed investment or are switching from a visa known as a Tier 1 Graduate Entrepreneur. Seed investment is from an FCA regulated investor and is less popular given the difficulty to secure such investment. The GBP200,000 figure is for those that do not secure seed investment however have a genuine business idea or existing business that they can inject these funds into within the 3 year term.

Where do I submit my Entrepreneur application?

If you are in the UK and hold a visa that allows you to switch into the Tier 1 Entrepreneur scheme, you can apply in the UK to the Home Office. Examples of visas that allow for you to switch inside the UK includes Tier 1 Investors, Tier 2 Migrants and Tier 1 Graduate Entrepreneur visa holders. Applications made outside of the UK are considered by an Entry Clearance Officer ('ECO').

How is a decision made on my visa application?

The process is usually consider in three stages:

  • Financial requirements- do you have the investment funds and maintenance funds? Are they to come from a third party or from your own account?
  • English language- have you submitted a passed English exam approved by the Home Office? Or have you completed a degree taught in English?
  • Business idea - do you have a genuine business idea? This is usually considered at an interview with the ECO or Home Office after they have accepted the financial documents are in order. Your Tier 1 visa business plan will need to be clear and detailed enough for review.

The Home Office or visa processing centre have to assess whether you are able to operate as a business person in your desired business area. This is known as the genuine entrepreneur test. In light of this condition, a business plan is mandatory and must include detailed market research. Your business plan will be assessed initially without your involvement and if it is concluded to have merits, you will be invited for an interview. Knowing your business plan is extremely important. It is this stage that you get to show the decision maker that you are genuine and this stage can be the make or break point.

Once my Entrepreneur visa is approved, what do I need to do?

You do not need to start your business before your visa is issued. Once your visa has been approved, you must become a director or self-employed within 6 months. In addition to investing money and becoming a director, you will also need to create 2 jobs for a minimum term of 12 months. Without doing this, you will not be eligible to extend your visa for a further 2 years.

Can I get the right to stay in the UK permanently - Indefinite Leave to Remain?

The Tier 1 Entrepreneur scheme leads to the right to stay in the UK permanently known as indefinite leave to remain (ILR). Like the Tier 1 investor visa, you can have up to 180 day per calendar year outside of the UK, as the Home Office understand that a business person may have business responsibilities to attend outside of the UK.

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Investing over 2 million pounds is defintely not a routine decision. We had to make sure that the Tier 1 investor immigration lawyers london that we would be picking has to be one of the best within the Tier 1 investor category. We contacted Reiss Edwards and they were able to get us not only the Tier 1 investor visa but also suggested profitable investment portfolios in addition to what we already had in mind.
The Home Office refused my Tier 1 Entrepreneur extension application. This meant that my family and i would have to go back to Jordan and my business would close down. I needed a good immigration lawyer to put in a very strong appeal. I approached Reiss Edwards based on a friend's recommendation and they put together a very strong appeal. I read the grounds of appeal and I knew that this was a winner. A big thanks to Joe who worked tireless on my appeal.
I am glad that i instructed Reiss Edwards on my visa matter.

It started with a 20 minutes free immigration advice. I met with Amar to discuss my ILR refusal. He gave me a great deal of quality advice and decided to take on my messy case. I had doubts on the merits of my case by he was relatively convinced he could win it. That made me quite secure.

To be honest, things did not start as quick as I would have wanted, but they kept on communicating the process and state of things to me

A big thank you to Verusha and Foram. They were also very helpful. Brilliant and informative.

Their fee was fair and reasonable, especially if you compare them to other law firms and immigration law firms in London; some of whom even told me that i would not be able to get an indefinte leave to remain in this country.

The process was long but was worth it. In the end, a big thank you to Reiss Edwards.
I have just had British Citizenship application approved. Prior to making the application, i was not sure which law firm i should hire to facilitate the paperwork. After a few hours of research, i decided to go with Reiss Edwards and i must confess that i wasnt disappointed.

The immigration lawyers at Reiss Edwards handled my case well and they really knew what they were doing. They were fully aware of what documents I needed and it was easy for them to tell if my case was going to be easy or not.

At the end of the day, I have not received my British citizenship within 3 months.

If anyone is looking for a good immigration lawyer to handle thier case, contact Reiss Edwards.
Fantastic Solicitors!!!

My wife's spouse visa extension application was refused by the Home Office and they gave her 14 days to leave the country. We contacted Reiss Edwards and they said "OK don't worry we will sort this out". They put together the list of documents for me to obtain and they prepared a bundle which was as thick as the printer it came out from.

We followed everything they asked us to do and in the end we won our appeal and got our spouse visa.

We can't recommend them enough and we have promised ourselves never to make any more UK visa applications without them.
The team of lawyers at Reiss Edwards are very professional and friendly people. Their experience in and around UK immigration law is quite extensive; be sure that you application is in safe and competent hands. My immigration matter was an indefinite leave to remain application based on Tier 1 on a self-employment basis. The immigration lawyers at Reiss Edwards made sure that the application was perfect and ready to be accepted. I got a positive decision and I recommend them highly for anyone who needs a UK immigration help.
This is the only firm that i spoke with that didn't ask for money before listening to me, will be using them again.
I used Reiss Edwards for my Tier 2 visa application and it was successful. The team was ever present and happy to answer my question.

The caseworker that dealing with my case went on holiday yet by case did not suffer one bit. Another lawyer stepped and took over the case without any hassle.
My Tier 1 Investor Visa was dealt with quickly and without issue. Would recommend Reiss Edwards as an Immigration law firm in London. Thank you to the team.
I contacted Reiss Edwards to help me with my wife’s UK settlement visa. They acted with utmost professionalism throughout the entire application. I spoke with Joe Dinh, he is an immigration solicitor and he is one of the best solicitors out there. He ensured that there was little to no room for error. At some point I thought he was over cautious. He remained calmed and continued to assure us on our immigration matter. Most people in his position would have panicked but he was calmed and continued to assure us. We received out positive outcome very quickly.

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I have been using Reiss Edwards for three years now for my family's immigration application. Both for my initial application and extension. They are really affordable. The team of solicitors at this firm are probably one of the most efficient and economical in terms of cost. They offered free advice over the phone and spent good time with us before inviting us for consultation.

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Reiss Edwards is a top notch immigration service company. The way they handled our documentation and also the list of documents they sent was efficient and top quality. They helped us professionally throughout the process. We are very happy with the immigration advice we received from the team. We highly recommend them.

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I used Reiss Edwards’ immigration lawyers to assist with my immigration matter and that of my family. It was an EX1 application. They dealt with the matter properly and even when complications were coming up from the Home Office, they helped resolve the issue properly. They are very professional and are very popular in London. I am happy to have worked with them.

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It's a shame that you dont have an 'Excellent' star rating on here, as my experience with Reiss Edwards is nothing short of an excellent rating. They handled my application for an Indefinite Leave to remain in April 2014 and did my husband's one very recently including my daughter. Every time i have approached them, they have continued to treat me with courtesy, respect and patience. Amar was indeed a very thorough and professional gentleman. He is very knowledgeable, corporative and engaging. He responded to my emails, calls and enquiries promptly. He was always reassuring. I could not have asked for a better Immigration service.

I would recommend them over and over again for anyone looking for an immigration advice.

They gave me a free immigration advice when i called them, and the quality of the advice was something other charge thousands for. If you need a particular, name, Amar would be it. He exemplifies, for me, the true, professional gentleman. He is a valuable asset to Reiss Edwards.

Kind regards
Nancy Jacquard


 
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