With the introduction of a new visa route for entrepreneurs in the UK (the Innovator Visa), existing Tier 1 Entrepreneur Visa holders may be concerned as to how the changes will affect their future. The ability for Tier 1 Entrepreneur Visa holders to remain in the UK is key to them being able to run their business and ensure its long-term stability. It is also vital for them to be able to have long-term security and have the ability to settle. In this article we are going to look at how the proposed changes to the UK's visa system will affect those who are already in the UK on a Tier 1 Entrepreneur Visa. We are also going to take a look at the new visa that has replaced it and see the differences that have been introduced by the Home Office.
The Home Office has decided to change the way in which entrepreneurs can enter the UK. The changes have been needed due to the high bar of entry that affected the Tier 1 Entrepreneur Visa. Now, entrepreneurs can apply to start their business in the UK with as little as 50,000 worth of investible capital rather than the previous 200,000. This one key change, along with a few smaller ones, will help to drive a new era of entrepreneurial immigration that could make a huge difference to the British economy.
While the former Tier 1 Entrepreneur Visa route was useful, it does seem that the Home Office have gone back to the drawing board with both the Innovator Visa and the Start-up Visa. One of the biggest issues with the Tier 1 Entrepreneur Visa was in the way that businesses were assessed. Assessment previously was undertaken by staff at the Home Office. While uniquely qualified to assess immigration cases, the Home Office staff are not business experts. The assessment process was flawed, and the concern is that many of the businesses that were approved were perhaps not needed or were not of sufficient quality. There is also the concern that many good entrepreneurs were turned away due to the Home Office not being fit to assess their business idea properly or understand the markets. This process has now been replaced by an endorsement system. This system means that businesses are independently assessed on their merits and if suitable, they will receive the endorsement that is required to progress with their Innovator Visa application.
In short, the introduction of the new visa route will have no effect on those currently on a Tier 1 Entrepreneur Visa. The current visa scheme is gradually being phased out, and those on the visa will be able to extend their current visa until the 5th of April 2023. There is also an extension to the settlement time limit to 5th April 2025. This is so those currently, or are about to arrive, on the visa can extend their visa and then settle after 5 years in the UK. This extension allows for a smooth transition between those on the current scheme and those who will need to use the new one.
Yes. The Indefinite Leave to Remain (ILR) cut off for the current Tier 1 Entrepreneur Visa is the 5th of April 2025. This ensures that all of those who are currently on the visa, and those who are about to arrive in the UK on the current visa scheme, have the opportunity to apply for Indefinite Leave to Remain (ILR) at the end of a 5 year period in the UK.
Unfortunately you can no longer apply for a Tier 1 Entrepreneur Visa as the route has been permanently closed. If you want to move to the UK, you will now need to apply for either the Start-up Visa or the Innovator Visa (both of which we have touched upon already). The two new routes are aimed at either those who are new to entrepreneurialism (Start-up Visa), or those with a little more experience (Innovator Visa). Wherever you are in your business journey, the UK has opened a route for you to be able to get your idea off of the ground.
If you are looking to go down either of these routes, you need to ensure that you meet the eligibility criteria for either of them. Both routes require that you gain an endorsement from an appropriate organisation (either a higher education institutions and business organisations such as accelerators). You will also need a good level of English language skill. The main difference in the routes is the funding requirement. On the Start-up Visa, you will not need any seed funding (but this affects your later prospects), but on the Innovator Visa you will need 50,000. For more information on either of the new visa routes, get in touch today and our team will be happy to tell you more.
If you want more information on either the current Tier 1 Entrepreneur Visa, or indeed the new Innovator Visa then please get in touch. Our experienced team of immigration specialists can help you with any visa query that you may have. From applications to representing you at a tribunal, our full service offering comprises everything that you could possibly need in your immigration journey. So for more information, or to get started using our services, get in touch today and a member of our team will be more than happy to help you to get started.
481 ReviewsREAD ALL REVIEWS
Tier 1 Investor Visa - Business Immigration
Investing over 2 million pounds is defintely not a routine decision. We had to make sure that the Tier 1 investor immigration lawyers that we'd 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.
Indefinite Leave to remain - UK Settlement and
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.
Citizenship Application - UK Naturalisation
TI 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.
Spouse Visa - Appeals and visa refusals
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.
Immigration Visa - Citizen of United Kingdom
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.
UK Settlement Visa
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.
Cheap Immigration Lawyers in London
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.
Top Notch Immigration Service
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.
Best Immigration Solicitors
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.
Indefinte Leave to remain - Individual Immigration - UK Settlement
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.
Tier 2 Visa application - UK Work Visas
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.
Tier 1 Investor Visa - Business Immigration
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.