Are you business savvy? Do you have viable business idea? Were you always dreaming to establish a business abroad? Was living in the UK always amongst your top preferences? Do you have access to £200,000? Do you want to settle in the UK? If whilst reading this you have nod every time you have read a question, then Tier 1 Entrepreneur route is for you!
Tier 1 Entrepreneur route is aimed at non-EU nationals wishing to migrate to the UK in order to establish business and settle in the UK together with their family members. Applicants are required to score at least 95 points in total to be granted with entry clearance or leave to remain and can claim points in the following way:
As of April 2015, every applicant who is making initial Tier 1 (Entrepreneur) visa application must submit business plan together with other supporting documents. The Entry Clearance Officer (ECO) will review the business plan with scrutiny including the assessment of viability and credibility of an applicant’s business plan and market research into their chosen business sector. Be aware that it is usual practice for the Home Office/ ECO to invite you to attend interview, very often questions asked by the ECO are based on your business plan and any market research to assess how much consideration you have put into starting your business. You should know your business plan from A to Z! Do not copy and past information from the Internet, Home Office can easily detect it using special software. At the end of the day it is your business and you should be passionate about it!
One of the main requirements of this route is access to at least £200,000. As of April 2015, where the applicant’s funds has been held in their bank account for less than 90 days at the point of application, they must provide either evidence in the form of the third party declaration or source of the funds. You should be able to demonstrate the legitimate nature of the funds for the purpose of compliance with anti-money laundering procedures. If you cannot show sufficient evidence, your application without any doubt will be refused.
The ECO usually invite most applicants for an interview if they meet the mandatory points – which in summary are having access to funds of £50,000 - £200,000, meet English language standards and have the maintenance funds available for 90 days. The decision maker might ask you about your previous immigration history and activity in the UK. Regardless of the application you are applying for, make sure that you provide only correct information. It is important that you reveal previous refusals if you have any and the reasons of the same. Please note, if the Home Office caught you on using deception it will irretrievably affect your immigration history and you might be issued with 10 years ban.
At Reiss Edwards, we have expert Tier 1 Entrepreneur visa lawyers with over 30 years combined experience in business immigration and have assisted numerous clients with Tier 1 Entrepreneur visa entry clearance and Tier 1 Entrepreneur extension visa applications.