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How to be a Successful Entrepreneur in the UK

The UK is a central hub of business. Ideally placed between continental Europe and the Americas, the UK is a global leader in business and a magnet for those with an entrepreneur mindset. You may be looking at countries around the world that are ideally suited to starting up as an entrepreneur, and in this article we hope to make the case for moving to the UK.

Why move to the UK to become an entrepreneur?

As laid out above, the UK is fantastically located for global business. It is also home to mature markets in many sectors and enjoys a healthy and buoyant economy. The UK also enjoys close proximity, and business links, with continental Europe and although the UK is about to leave the European Union, it is highly likely that close links will remain with the rest of the continent. Some may wonder whether moving to the UK in the run up to Britain's departure from the European Union is wise, but arguably Britain has one of Europe's most diverse and mature markets and is well set up for businesses. The UK also has a set of immigration options that are designed to help those with an idea and funding to move there - we will investigate these in more detail further down the article.

What options are there for moving to the UK in order start a business?

There are is one main option for those looking to move to the UK to start a business: a Tier 1 Entrepreneur Visa. The Tier 1 Entrepreneur Visa allows those with initial seed funding of at least £50,000 (under certain circumstances) or more usually £200,000 working capital to start a business. The money needs to be available straight away and must be in a recognised institution (such as a regulated bank in the UK). There are unfortunately not many other options for those looking to move to the UK if they do not have seed funding, and may need to move to the UK under another route, save up their money for seed funding and then switch to the visa which is indeed an option if you are willing to live in the UK under different conditions for a while so that you can save up.

What is the eligibility criteria for a Tier 1 Entrepreneur Visa?

As well as the seed funding, you will also need to ensure that you have a particularly strong business plan. The business plan is used as a major part of the overall visa application and it is therefore vital that it displays your business and idea perfectly. We can help with your business plan if you are looking to have one crafted - get in touch with us for more details. So, you need the funding and the business plan, but what else do you need? You will also need to ensure that you have a high level of English literacy; this will need to be verified by an outside source (usually by gaining a certificate that proves your proficiency). You will also need to ensure that you are of good standing and have no previous immigration concerns in the UK. As long as you fit this criteria, you will be able to apply to move to the UK for an initial period of 30 months in order to start a business.

Keys to success in an entrepreneurial pursuit in the UK

The UK can be a complicated market to conquer. But, with the right idea, it is more than possible to make your business successful in the long-term. So you're probably wondering what makes a business successful in the UK? The UK rewards businesses that are thoroughly researched and hit the right price points. There is also a large variance in low price businesses and high price ones that means finding a place in the market can be difficult. Rest assured, if you do your research into a market and get your pricing strategy right, you should be able to generate a good business in almost any market in the UK. But there is one more thing: customer service. Whilst perhaps not as important as it is in places like America, customer service is important in the UK as Britons tend to be quite reserved people and tend not to complain loudly. Often, a British customer will just use a competitor rather than complain, therefore it's important that you gather as much feedback as possible and continue to evolve your service.

Remaining in the UK long-term

The good thing about the Tier 1 Entrepreneur Visa is that you can stay in the UK for the long-term as long as you stick to the eligibility criteria. At the end of your original 30 months you can apply to extend your visa for a further 30 months. As long as nothing has changed in your circumstances, you should be eligible to remain in the UK up until the point that you can apply for Indefinite Leave to Remain (ILR) and stay in the country permanently. It is this flexibility and ability to stay in the UK that makes the Tier 1 Entrepreneur Visa one of the most exciting and challenging visa routes in the UK. It is well worth the work that is required to gain the visa and for your long-term prospects, there is no better option.

Where can I get more help?

If you would like more help in setting up in the UK then please get in touch. Our expert immigration solicitors can help you to craft your application and even help to get your business plan written. We are experts in getting entrepreneurs to the UK and we can certainly help you. Get in touch today for more information on our services and let us help you make your move to the UK the success that you hope it will be.

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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.

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Fantastic Solicitors!!!

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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.
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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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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.

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Kind regards
Nancy Jacquard

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